The San Francisco bank will immediately begin winding down its marketing of personal insurance products and plans to exit the business for good during the first quarter of next year. ... Read full article
On his last day at the agency, Keith Noreika called for scaling back the Bank Holding Company Act, arguing that it burdens banks with duplicative regulation and restricts their economic potential. ... Read full article
Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies. ... Read full article
Jayne Opperman is the third new tech hire the bank has made this month. ... Read full article
Jane Fraser, chief executive of Citigroup Latin America, explains how changes the company has made to its business model in that region are working so far. ... Read full article
In his nomination hearing, Jerome Powell was quick to assure Republican senators of his regulatory relief credentials. But Democrats still fear that he and other Trump appointees might upend the Dodd-Frank Act. ... Read full article
The CFPB's data-sharing guidance was widely applauded, but mistrust remains between banks and aggregators. Advocates want regulators to take action. ... Read full article
Conforming loan limits for mortgages bought by Fannie Mae and Freddie Mac will increase for the second consecutive year in response to the rapid rise in home prices, the Federal Housing Finance Agency said. ... Read full article
The pilot could help the agency improve its image after past criticism of slow responses to catastrophes. ... Read full article
Employees at the Consumer Financial Protection Bureau are privately questioning why outgoing director Richard Cordray abruptly tapped a 34-year-old chief of staff with no enforcement, supervisory, or legal experience to head the embattled agency after he ... Read full article
The Senate Banking Committee voted to advance the nomination of Brian Montgomery to serve as commissioner of the Federal Housing Administration, despite ongoing criticism from some Democrats that he is too close to the financial services industry. ... Read full article
Judge says he will move quickly on who should head the agency; group allegedly overcharged hundreds of clients. ... Read full article
The former OCC head and Massachusetts banking commissioner will co-lead Nutter's financial services practice. ... Read full article
The trade group wants Equifax to reimburse community banks for costs tied to the massive data breach at the credit bureau this year. The ICBA also wants a court to order Equifax to improve its security measures. ... Read full article
OMB Director Mick Mulvaney said he would "fix" the CFPB by ensuring it protected consumers without cutting off access to financial services. His comments came as a federal judge declined to rule yet on the legality of Mulvaney's appointment. ... Read full article
The former bank CEO is widely expected to continue the recent push to implement a more industry-friendly agenda. ... Read full article
One estimate says 3.5 million cybersecurity jobs will go unfilled by 2021. Banks are looking to military veterans, universities and even high schools to help fill the gap. ... Read full article
The Pittsburgh bank is counting on its acquisition of the Trout Group to help strengthen ties with clients in the life sciences, biotechnology, pharmaceutical and medical device sectors. ... Read full article
President Trump’s pick to head the Federal Reserve will face the Senate Banking Committee this week. Here’s what to watch for. ... Read full article
Leadership at the Consumer Financial Protection Bureau is expected to be resolved quickly after a federal court Monday assigned a judge appointed by President Trump to resolve a lawsuit over who will become the agency's acting director. ... Read full article
