Have bank stocks already hit their 2018 peak?
The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory. ... Read full article
The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory. ... Read full article
A number of banks are upgrading technology and hiring more lenders to better reach small-business owners, who are becoming more confident in their outlooks. ... Read full article
Capital One Financial Corp. is limiting how account data flows to outside apps for managing finances, prompting a backlash from the bank’s customers who say they have been locked out of their own information. ... Read full article
The Democratic congresswoman said the department under Secretary Ben Carson has turned "its back on its mission." ... Read full article
Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties. ... Read full article
Rep. Maxine Waters made headlines this week for her scathing criticism of the White House. Expect more to come if she takes over as the Financial Services Committee chair next year. ... Read full article
The Trump administration's plan to end the conservatorship of Fannie Mae and Freddie Mac marked its first effort to solve a problem left over from the financial crisis, but ultimately raised more questions than it answered. ... Read full article
From medical expenses to home improvements, here's a look at some of the most frequently cited reasons homeowners are borrowing against their home equity. ... Read full article
Banks stocks have declined as the yield curve shrinks; the companies will offer a co-branded small-business card. ... Read full article
Instead of shrinking the GSEs, the housing regulator is letting them expand into a host of new products and programs. ... Read full article
LeeAnne Linderman, who oversees retail banking for Zions, was the first female chair of the Utah Bankers Association and has mentored and advocated for women in the industry. ... Read full article
The class-action suit filed on behalf of people who lost money in the scam accuses Bank of America of failing to spot suspicious activity, including deposits of hundreds of thousands of dollars into accounts with small or negative balances. ... Read full article
The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election. ... Read full article
It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position. ... Read full article
At 4 feet tall and with a child's voice, Pepper won't replace tellers, but it can help bank customers interested in applying for a credit card or having issues with an ATM. ... Read full article
Ocwen Financial is able to keep the answers to questions from the Consumer Financial Protection Bureau involving the improper handling of escrow accounts confidential, a federal magistrate ruled. ... Read full article
Aurora Cannabis in Edmonton, Alberta, said it recently agreed to a $150M term loan and a $50M line of credit from Bank of Montreal, the largest traditional bank investment into the marijuana industry to date. ... Read full article
The rents are steep and they don't generate much revenue, but some banks believe that airport branches still have a role to play in their retail strategies — particularly as advice centers. ... Read full article
The Cincinnati bank is following a wider industry strategy of opening new branches in faster-growth, urban markets. ... Read full article
The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories. ... Read full article