What a homegrown app for millennials has taught Wells Fargo
The bank found that mixing personal finance management with positive reinforcement allowed them to appeal to younger customers. ... Read full article
The bank found that mixing personal finance management with positive reinforcement allowed them to appeal to younger customers. ... Read full article
The financial technology infrastructure firm has made its first move to provide services outside of the U.S. ... Read full article
Mahesh Aditya will immediately take over risk management for the U.S. subsidiary of Banco Santander, which is trying to turn the corner after several tough years on the regulatory and financial fronts. ... Read full article
The Senate bill is a huge win for the banking industry, but there are still plenty of unresolved legislative issues of interest to financial institutions. ... Read full article
For many borrowers, near-guaranteed approvals and faster turnaround times are more important than the lower rates offered by banks and credit unions. ... Read full article
Seacoast in Florida slashed the time it took to make 7(a) loans within months after establishing a partnership with an online lending startup. ... Read full article
Treasury Secretary Steven Mnuchin said that banking records of President Donald Trump's lawyer Michael Cohen appear to have been leaked from a database maintained by his department. ... Read full article
A first-in-the-nation ballot initiative would give consumers more control over their personal information, but banks and other companies say that it would amount to a tax on doing business in the Golden State. ... Read full article
A new FDIC chair could be confirmed as early as this week, but the current head of the agency is reportedly Democrats' choice to serve as vice chairman. ... Read full article
Lisa Frazier, an adviser to banks and startups, will succeed Steve Ellis, who is stepping down after more than three decades with the company. ... Read full article
Banks were helped by better loan spreads thanks to higher net interest margins, but the recently enacted tax cut helped boost profits by 27% from a year earlier. ... Read full article
A British court throws out Serious Fraud Office charges that the bank conspired with Qatari investors to prop it up; investigators open 70 cases against potentially fraudulent cyber deals. ... Read full article
From international payments to trade finance deals, banks are increasingly exploring uses of distributed ledger technology in a number of ways. ... Read full article
The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination. ... Read full article
The CFPB policy was aimed at preventing discriminatory markups on indirect loans made by car dealers, but current acting CFPB Director Mick Mulvaney said the guidance "seemed like a solution in search of a problem." ... Read full article
CEO Tim Sloan said that the bank has "pulled back enough" on auto lending and is poised to grow the business again. ... Read full article
Fintech challenger banks like Simple, Moven, Varo and Chime have faced separate headwinds in recent years. Here's how they’re taking up the charge again. ... Read full article
Banks feeling the pressure in commerical lending from lightly-regulated, cash-flush competitors; financial institutions take "an increasingly militarized approach" to fighting cybercrime. ... Read full article
Several dozen banks have been accused of operating websites that violate the Americans with Disabilities Act. Here’s why trial lawyers are targeting them and are expected to sue more. ... Read full article
Combined with another key change that would give banks more leeway in trading, the revisions on hedging could further blunt the impact of the rule named after a former Fed chairman. ... Read full article