Acquisitions drive loan, profit gains at People’s United
The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million. ... Read full article
The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million. ... Read full article
During an appearance on the CBS Evenings News Wednesday evening, Dimon unveiled new details about the first leg of the New York company's recently announced, multi-city branch expansion. ... Read full article
Comments by Federal Reserve Vice Chairman for Supervision Randal Quarles appeared to contrast with past statements by former officials about the controversial charter. ... Read full article
Many of Treasury’s recommendations for modernizing the Community Reinvestment Act would help financial institutions, not low-income communities. ... Read full article
American Express Co., long known to issue cards that had to be paid off in full every month, now wants its customers to take their time paying it back. ... Read full article
The Consumer Bankers Association on Wednesday asked lawmakers to rein in regulations that were meant to prevent robocalls but that the group says have inadvertently captured legitimate calls. ... Read full article
Results were also aided by strong growth in residential construction, commercial and equipment financing. ... Read full article
Online banks have good reason for wanting regulators to update the 41-year-old Community Reinvestment Act. ... Read full article
An SBA watchdog's investigation into chicken farms may ensnare other small businesses. ... Read full article
The Senate voted Wednesday to block guidance issued by the Consumer Financial Protection Bureau in 2013 that was meant to stop discriminatory markups on indirect loans made by car dealers. ... Read full article
WebAuthn could eventually mean passwords are replaced with fingerprints and facial recognition. But how hard will it be to implement? ... Read full article
Passage of a resolution blocking guidance on auto loan pricing could set a precedent that allows Congress to nullify other long-past regulatory issuances. ... Read full article
Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate. ... Read full article
The outgoing head of the ICBA reflects on how technology and partisan politics have changed policymaking over the past 15 years. ... Read full article
The rules to comply with the Community Reinvestment Act have become "formulaic and ossified" and must be changed to encourage lending practices the law originally intended to foster, the Fed's top regulator said. ... Read full article
The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up. ... Read full article
As the Senate closes in on overturning the Consumer Financial Protection Bureau's 2013 indirect auto loan rule, a central question is how lasting the congressional measure will be in limiting the CFPB's authority. ... Read full article
New York Attorney General Eric Schneiderman asked 13 cryptocurrency exchanges for detailed information about their operations as part of a "fact-finding inquiry." ... Read full article
The divide highlights a lingering question about how much commercial and retail depositors value cutting-edge technology over price — and whether midsize banks can keep pace with bigger rivals when it comes to tech investments. ... Read full article
Sen. Elizabeth Warren is struggling to get data that shows how bad sexual harassment might be on Wall Street. ... Read full article