Ray Davis’ next act
Among the most innovative CEOs of his generation, the former Umpqua chief and Pivotus founder is taking some of his best ideas to a new fintech as an adviser. ... Read full article
Among the most innovative CEOs of his generation, the former Umpqua chief and Pivotus founder is taking some of his best ideas to a new fintech as an adviser. ... Read full article
The expected incoming chair of the House Financial Services Committee told the former acting CFPB chief that he will still be the target of congressional inquiry despite no longer leading the agency. ... Read full article
The Massachusetts senator and critic of Trump administration policies sent the new CFPB director an expansive list of to-do items for her first month on the job. ... Read full article
The federal banking regulators have proposed allowing more directors and management officials to serve at more than one institution in an effort to provide relief to community banks. ... Read full article
BBVA has picked Javier Rodriguez Soler, its head of strategy and mergers, to run its U.S. bank. ... Read full article
As part of the agreement with HSN, Synchrony has also extended its partnerships with HSN affiliates QVC and the e-commerce site Zulily. ... Read full article
Detractors are suddenly hopeful that the controversial accounting standard could be delayed or altered after FSOC's longer-than-expected closed session on the issue. ... Read full article
Two groups are asking the agency to restrict collectors to "one live conversation per week" with a borrower and up to three phone attempts per week. ... Read full article
The NYSE contract will pay out in cryptocurrency; 10 Estonians who worked at the Danish bank were detained, and prosecutors promise more arrests. ... Read full article
Bank of America is loosening the reins on its investment bankers, sending out dealmakers in search of more middle-sized transactions in the U.S. and seeking to regain market share after cutting back on risk. ... Read full article
Good Money just raised $30 million and is a year away from launching, but already is raising concerns for its trash-talking of established players. ... Read full article
The payments processor was among numerous firms earlier this year to withdraw an ILC charter application over questions about its plan. ... Read full article
Kathy Kraninger's unexpected decision is small, but symbolically important. Here's why. ... Read full article
Maria Vullo is stepping down as head of New York's banking and insurance regulator after three years in which she created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at payday-lending ... Read full article
Federal Reserve Chairman Jerome Powell demurs on regulatory relief for largest banks while saying he is “open” to countercyclical buffer. ... Read full article
The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks. ... Read full article
Kathy Kraninger's first official action as head of the Consumer Financial Protection Bureau is to reverse course on acting chief Mick Mulvaney's effort to rename it the Bureau of Consumer Financial Protection, which consumer groups and others had ... Read full article
Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase to neutral, saying the bank now “offers the least upside” to price targets among the major banks. ... Read full article
Bank hit, but CEO Jes Staley escapes NYS fine for trying to unmask a whistleblower; Malaysia will pursue criminal complaints against Goldman in other countries. ... Read full article
The online lender will roll out the business early next year with a focus on loans of less than $100,000. ... Read full article