Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities. ... Read full article
The regulator of the government-sponsored enterprises has substantial authority to intervene as a legislative stalemate continues. ... Read full article
Anand Selva, a long-time Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans. ... Read full article
The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted. ... Read full article
The Trump administration has argued that the Affirmatively Furthering Fair Housing rule, issued in 2015, was too prescriptive. ... Read full article
Citigroup Inc. is restructuring its consumer-banking operation in a shake-up that includes the departure of its global credit-card chief. ... Read full article
Wells Fargo & Co. is considering whether to jump-start its shrinking student-lending business by catering to borrowers holding U.S. government loans. ... Read full article
Private equity firms are making loans to midsize businesses and online banks are winning deposits by paying 2% interest; Goldman hires a veteran M&A banker. ... Read full article
The agency's settlement with Robert Moseley, Sr., and Robert Moseley, Jr., was enforced by the U.S. District Court for the Western District of Missouri. ... Read full article
The bureau is expected to choose an option that could trigger court challenges after a judge yet again refused to halt the rule’s compliance date. ... Read full article
Capital One's dispute with Plaid raised questions about the ability of banks and aggregators to work together. But the end of that fight, and Capital One's deal with Finicity, show common ground can be reached — eventually. ... Read full article
The Trump administration's stance on immigration is causing headaches for some banks, how a tiny black-owned bank is turning to fintech to turn itself around; why banks are rejecting Facebook's offer to share data and more from this week's ... Read full article
The CFPB made changes to a rule that allows financial firms to be exempt from sending annual privacy notices to customers if they meet certain conditions. ... Read full article
The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business. ... Read full article
The funds have brought in record amounts thanks to lowered fees and more salespeople; ex-Goldman managing director says in suit he was blamed for trades. ... Read full article
The agency’s move to offer a national charter for fintech firms will undermine state authority and give certain firms an unfair advantage. ... Read full article
Joe Baratta, Blackstone’s global head of private equity, said that he was drawn to the Sacramento. Calif., company because he believes its technology offers lenders a more efficient way to find customers. ... Read full article
Readers opine on prospects for the midterm elections, respond to Facebook's forays into collecting bank data, weigh in on new overdraft legislation and more. ... Read full article
Good old-fashioned commercial credit analysts are a dying breed, David Nicholson says. Community banks need them to stay competitive in C&I, but training courses have been cut back. So he’s on a mission to teach as many students as he can. ... Read full article
Huntington Bancshares Inc. will acquire the Chicago-based municipal shop Hutchinson, Shockey, Erley & Co. as both look to broaden their public finance reach. ... Read full article
