Waters nominated to chair House banking panel

12/11/18

The California congresswoman would be the first woman and first African-American to lead the committee.

[more]

Kathy Kraninger sworn in as CFPB director

12/11/18

The Trump appointee officially took over for Mick Mulvaney as head of the agency following her Senate confirmation last week.

[more]

Brokered deposits' bad rap is undeserved

12/11/18

The idea that deposit brokers are trying to game the deposit insurance system and could contribute to another crisis is outdated.

[more]

Why bank stocks are floundering; blockchain firms retrench

12/11/18

Expected weaker fundamentals, stock buybacks and higher interest rates all to blame; firms are downsizing as bitcoin prices crash.

[more]

How banks could fend off Amazon and Facebook

12/10/18

Nearly 60% of people thinking about switching banks would be open to banking with a big tech company if they ever get that option. Cash incentives or existing savings accounts are big factors in consumer decisions — and things that banks could keep in mind in their efforts to recruit or retain customers.

[more]

House panel slams Equifax for breach but offers no legislative fix

12/10/18

Republicans on the House Oversight Committee concluded that last year’s massive data breach at Equifax was fully preventable, but stopped short of recommending new laws aimed at averting future hacks. Democrats called the final report a “missed opportunity.”

[more]

Fed won't lift Wells' growth cap until deficiencies are fixed: Powell

12/10/18

The Federal Reserve Board chairman told Sen. Elizabeth Warren in a letter that the central bank is actively reviewing the bank's progress in following a February consent order.

[more]

Students pay price in banks' marketing pacts with colleges: CFPB

12/10/18

Wells Fargo charges students nearly four times as much in fees as banks without college marketing agreements, according to an internal report by the Consumer Financial Protection Bureau.

[more]

What Calabria at FHFA would mean for GSE reform

12/10/18

The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.

[more]

Bank of America, CIT Group and BBVA: Bankers on the move

12/10/18

Several banks saw significant changes in leadership as the year comes to a close.

[more]