Little-noticed reg relief measure would combat card fraud
The provision would make it harder for criminals who use real Social Security numbers to create fake personas and then apply for credit. ... Read full article
The provision would make it harder for criminals who use real Social Security numbers to create fake personas and then apply for credit. ... Read full article
The lawmakers are calling on banks to follow the lead of Citigroup and Bank of America in limiting their business with firearms dealers in light of recent mass shootings. ... Read full article
Which party controls the House next year is still uncertain, but this much is clear: Someone other than Texas Republican Jeb Hensarling will hold the gavel on the Financial Services Committee. ... Read full article
The co-founders of Doddle, Nicki Radzely and Janna Badger, had their business account at JPMorgan Chase had been frozen, and they didn't know why. ... Read full article
The firm will pay $110 million to settle charges it didn’t control traders; hedge fund executive says he was wrongfully accused of sexual misconduct. ... Read full article
Camden Fine, the president of the Independent Community Bankers of America, is due to retire this week. We talk with him about his long career — and his fears for the future of his industry. ... Read full article
The investment bank has asked Rob Rooney, an executive who wore multiple hats at the company, to focus full time on the data-oriented strategy he has devised for its wealth management, capital markets and other functions. ... Read full article
The acting Consumer Financial Protection Bureau director should be investigated for potential Hatch Act violations following his controversial remarks at a banking industry conference, Senate Democrats said Tuesday. ... Read full article
Acting CFPB Director Mick Mulvaney’s staff is selling the move of agency employees as a cost-cutting measure. Don’t buy it. ... Read full article
Fresh off landing JPMorgan Chase as a client, the digital payments firm is counting on tech veterans Yael Zheng and Vinay Pai to help accelerate its growth through additional partnerships with banks and accounting firms. ... Read full article
If Freddie Mac's credit-risk transfer activities continue to grow, mortgage lenders could eventually see a reduction in the guarantee fees they pay to the government-sponsored enterprise, according to CEO Donald Layton. ... Read full article
Investments in analytics and a focus on courting midsize businesses have helped regional banks add non-interest-bearing deposits even as they struggle for other types of deposits. Can they keep it up as rates rise? ... Read full article
Overseas firms have been subject to nonpublic versions of the Federal Reserve reviews, but observers say some foreign banks may be tripped up by the public version. ... Read full article
Judge Dabney Friedrich ruled that the case could not proceed because the OCC has not actually granted the fintech charter to any firm. ... Read full article
Such options are being proposed by his top aides as Mulvaney seeks to cut spending at the agency by tens of millions of dollars, according to an internal cost-savings analysis obtained by Bloomberg News. Another budget-trimming idea: making employees share ... Read full article
Agencies are examining regulating cybercurrencies not named bitcoin; is Paul Achleitner to blame for the German bank’s problems? ... Read full article
The group says Mulvaney, who also runs OMB, was not totally forthcoming with the Senate Budget Committee about the foreclosure of a property he owns in South Carolina. ... Read full article
The Treasury secretary has said that he doesn't see changes to the housing finance system happening this year, but he's hopeful something can be done after the elections. ... Read full article
The Birmingham, Ala., company is also looking to bulk up in Atlanta, Houston, Memphis and Knoxville, Tenn. ... Read full article
The agency’s 2013 guidance is frequently portrayed as either an overdue push to stamp out lending discrimination or a case study in regulatory overreach. In truth, its impact was minimal. ... Read full article