CFPB fines mortgage lender over claims it deceived veterans
The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product. ... Read full article
The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product. ... Read full article
The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications. ... Read full article
Kraninger's nomination was lauded by industry groups, but vigorously opposed by consumer groups and Democratic lawmakers. ... Read full article
Trustology protects private keys to digital assets the way parking valets look after car keys. ... Read full article
The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan. ... Read full article
A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams. ... Read full article
This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions. ... Read full article
Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular. ... Read full article
Michael Hanley, former head of digital for the World Economic Forum, and Anthony Thomson, the creator of Atom Bank, share their thoughts on the future. ... Read full article
CFO John Gerspach said he's not worried about legislation in Mexico to ban retail banking fees becoming law based on recent comments by the nation's president. ... Read full article
Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away. ... Read full article
The Chicago bank's new partnership with AutoGravity mirrors others struck this year by JPMorgan Chase and U.S. Bank with providers of mobile apps that bundle the car-buying and lending processes. ... Read full article
Bank and credit union regulators issued a statement giving institutions the go-ahead to try artificial intelligence and other emerging tech to detect money laundering. It's just what some institutions have been waiting for. ... Read full article
The company also expanded the responsibilities of Chief Administrative Officer Andrea Smith. ... Read full article
Dozens of House members and four senators agree with arguments by farmers and lenders that a proposed change to the 7(a) program would disqualify worthy borrowers. ... Read full article
Since banks are under constant attack by hackers, the startup XM Cyber is offering them a simulator that seeks to do its virtual worst in order to prevent a real breach. ... Read full article
Reps. Lacy Clay and Emanuel Cleaver, both from Missouri, have shown interest in running the panel that could be a focal point in efforts to reform Fannie Mae and Freddie Mac. ... Read full article
Speaking at an investor conference Wednesday, John Turner said that sellers’ asking prices are too high and that Regions would prefer to buy a nonbank that could help boost fee income. ... Read full article
The CFTC's plan to walk back rules for swap-trading platforms will give big banks a leg up and hurt asset managers looking for better prices and more transparency, according to Citadel Securities, one of the world's biggest trading firms. ... Read full article
While equity prices drop an average 5% at big banks, bosses express confidence in the U.S. economy; the bank appoints new managers in payments, consumer banking and marketing. ... Read full article