John Williams, a monetary policy expert, has been a critic of Wall Street culture and has voiced concerns about financial startups not offering equal access to credit. ... Read full article
Online account opening and facial recognition features on mobile apps are among the technologies the bank intends to introduce or improve upon this year, CEO Jamie Dimon wrote in his yearly shareholder letter. ... Read full article
The agency should consider exempting some registered cryptocurrency exchanges from state money transmission laws. ... Read full article
Some clients of Wells Fargo's wealth-management division were steered into investments that weren't always in the best interests of clients, according to several people familiar with the unit. ... Read full article
CFPB acting director uses the senator’s own words against her; Wall Street veteran’s addition shows the German bank is committed to U.S. investment banking. ... Read full article
JPMorgan Chase Chief Executive Officer Jamie Dimon said the U.S. has legitimate grievances with China on trade, but that "anything that starts to resemble a trade war" will pour risk and uncertainty into the global economic system. ... Read full article
The information request is the 11th issued by the agency since acting CFPB Director Mick Mulvaney in January launched a review to examine the bureau's practices. ... Read full article
The Treasury Department's inspector general is seeking the identity of an Office of Financial Research employee who produced several YouTube videos that raised concerns about discrimination and diversity problems. ... Read full article
Two lenders have been punished by Ginnie Mae amid its concern that they enabled costly rapid refinances of veterans' home loans. ... Read full article
New York state's pension funds are urging credit card companies to consider following Citigroup's lead in cracking down on gun sellers. ... Read full article
Rep. Maxine Waters, D-Calif., questioned Bank of America's decision to discontinue free online checking accounts used by many low-income consumers in light of the bank's recent profits and corporate tax cuts. ... Read full article
Some speculate that the banks who do business with credit reporting agencies may be looking for alternatives after mounting concerns about their ability to keep information private. But breaking up is hard to do. ... Read full article
Efforts by financial institutions to track "beneficial ownership" data in advance of a regulatory deadline next month is complicated by the challenge of getting customers to cough up the information. ... Read full article
HSBC Chief Executive Officer John Flint and Chairman Mark Tucker are considering shrinking the bank's global imprint even further as part of a plan set to be revealed over coming months, according to people with knowledge of the discussions. ... Read full article
The Atlanta bank will hold the loans on its books and pay Microf a fee the referrals. The partnership will further its expansion in consumer lending. ... Read full article
Late-payment rates at banks declined in nine out of the 11 consumer loan categories tracked by the American Bankers Association, including credit cards, auto loans and personal loans. ... Read full article
The financial services industry and community reinvestment advocates both praised the Treasury Department’s recommendations for reforming Community Reinvestment Act enforcement. ... Read full article
The central bank is taking a lead role in trying to combat the longstanding problem. A broad study by the Fed aims to measure the extent of payments fraud and to foster more collaboration in thwarting it. ... Read full article
His suggestion to force major agency rules to be preapproved by Congress is a threat to consumers and lenders alike. ... Read full article
Despite increased bank and investor activity around digital P2P payments, consumers haven't flocked to P2P in expected numbers. ... Read full article
