Just what banks need — another hot-button issue
U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next. ... Read full article
U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next. ... Read full article
A pair of nominees to the Federal Reserve Board vowed Tuesday to protect the independence of the agency if confirmed, but avoided taking hard stances on pending regulatory issues. ... Read full article
The technology platform powerhouse is betting on integration, but competitors eye disruption. ... Read full article
During JPMorgan Chase's shareholder meeting Tuesday, Chairman and CEO Jamie Dimon faced criticism from the left and right about its investments in companies with ties to genocide and a donation it made to a well-known civil rights group. It's a ... Read full article
Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections. ... Read full article
A need for risk-focused data aggregation and analytics tools is at the heart of IBM's latest acquisition for its bank consulting portfolio. ... Read full article
The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division. ... Read full article
A recent Washington Post investigation revealed that J. Mark McWatters runs the National Credit Union Administration from his home in Dallas, raising questions about his being tapped to head the consumer agency. ... Read full article
JPMorgan Chase’s Thasunda Duckett is living her ancestors’ wildest dreams; Morgan Stanley could take a lesson from Citi on reining in rainmakers; and Jelena McWilliams faces tough choices at the FDIC. Plus, babysitting gets approved as a new type of ... Read full article
The Providence, R.I., company said that Citizens Access will open for business nationwide next quarter. ... Read full article
The Fed and FDIC are at odds over how proposed changes to the supplemental leverage ratio would change megabanks’ capital levels. Here's why both estimates are right but misleading. ... Read full article
Marcus unit will start taking deposits in the U.K. next month; the bank uses the technology to complete a trade finance letter of credit for Cargill. ... Read full article
As more consumer data is shared across banks, fintechs and data aggregators, the industry is asking for regulators to step in with better guidance. ... Read full article
Artificial intelligence will reshape the job landscape at banks; people still want to open accounts at a branch; Mick Mulvaney stacks CFPB bench with political appointees; and more from this week's most-read stories. ... Read full article
A long-anticipated financial rule could help law enforcement root out illegal activity, but it requires banks to keep extra-close tabs on certain business clients. That won't be easy. ... Read full article
It can be difficult for financial services companies to glean customer insights from the abundance of information they have. ... Read full article
The bank is using AI in its chatbot, in trading and other areas. It also has concerns about the potential for bias to creep into the software. ... Read full article
The misplaced criticism of the media may be a sign that Wells Fargo CEO Tim Sloan still doesn't recognize the true extent of the bank’s problems. ... Read full article
Fed Chair Jerome Powell said Thursday that the central bank's board of governors will take a vote before Wells Fargo is ultimately released from its growth restriction mandate, a decision that had previously been left up to staff. ... Read full article
The irony of the explosive growth of mobile P2P is this: As consumers get more comfortable with paying one another through mobile devices, they're thinking of P2P less as a service that one should find within a bank's app. ... Read full article