Apple, Goldman plan credit card; Wells will be late
This would be the bank’s first foray into credit cards; Wells Fargo says it won’t be able to comply with Fed requirements before next year. ... Read full article
This would be the bank’s first foray into credit cards; Wells Fargo says it won’t be able to comply with Fed requirements before next year. ... Read full article
Readers weigh in on the role banks play on gun control, chime in on Wells Fargo’s latest brand campaign, slam the idea of postal banking and more. ... Read full article
Banking and mortgage groups are asking the Federal Communications Commission to issue new Telephone Consumer Protection Act rules that would make consumer lawsuits over robocalls harder to win. ... Read full article
The union representing employees at the CFPB is already fighting acting Director Mick Mulvaney's efforts to restructure the agency, and readying for a potentially larger conflict as rumors of layoffs swirl. ... Read full article
Democratic Senator Kamala Harris on Thursday upped the pressure on the U.S. central bank to make its leadership more diverse, introducing legislation to compel the Federal Reserve's 12 regional banks to interview at least one woman and one minority ... Read full article
The embattled company said Thursday that the asset cap imposed by the Federal Reserve will likely remain in place through “the first part of 2019.” Is this a sign of further delays to come? ... Read full article
Household debt is higher than ever, and delinquencies in credit cards and unsecured personal loans are edging upward. Bruce Van Saun, chairman and CEO of Citizens Financial, shares his views on the market and the business opportunities there. ... Read full article
With the regulatory relief bill set to become law soon, some congressional Republicans are already calling for additional rollbacks to the Dodd-Frank Act. There’s one thing they should keep in mind: Community banks had a hand in the crisis too. ... Read full article
Citizens Financial Group plans to merge its two banking charters into a single national bank. The move would make the OCC the bank's primary regulator and eliminate the costs of dealing with the FDIC and state officials. ... Read full article
A river of drug-cartel money flowed through the U.S. arm of Dutch banking giant Rabobank, and now federal investigators are pursuing criminal cases against former senior executives for allegedly covering it up. ... Read full article
A new set of principles by Envestnet’s Yodlee, Quovo and Morningstar's ByAllAccounts aims to settle a much-debated issue in data sharing: which party is liable when a hack occurs. ... Read full article
Wells Fargo is adding a new tool to make its mobile app easier to use as the bank tries to keep Silicon Valley innovators from stealing more customers. ... Read full article
Goldman Sachs will issue Apple’s new co-brand credit card, according to a person familiar with the matter, as the investment bank deepens its push into consumer finance. ... Read full article
A federal appeals court overturned part of the 2010 law’s risk retention rule earlier this year. The legal battle highlights mistakes to be avoided during the next reform fight. ... Read full article
Rebeca Romero Rainey, who has been on the job for less than a week, has already slammed postal banking and pressed for more regulatory relief. In a Q&A, she discusses her plans to foster innovation, tackle succession issues and encourage more banks to ... Read full article
The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company “bro” culture hinders their advancement. ... Read full article
From falling originations to market share shifts for nonbanks and government loans, here's a look at key findings from the just-released 2017 Home Mortgage Disclosure Act data. ... Read full article
The CFPB's acting director announced new political hires and more plans to overhaul the agency in an email Wednesday. ... Read full article
The move is part of a larger trend to provide enterprise customers with tech capabilities available to retail customers. ... Read full article
The prepaid card issuer is attracting customers who are more inclined to seek it out through the app store. ... Read full article