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Consumers who have borrowed from online lenders owe more and have lower credit scores than similarly situated consumers who have not used online lenders, according to a study released Thursday by the Cleveland Fed. The provocative findings seem likely to ... Read full article

Company’s first earnings report since the data breach also discloses lots of suits and investigations; Senate bill also calls for one-year delay in corporate tax rate cut to 20%. ... Read full article

Readers chime in on the idea of a state-backed bank to serve the cannabis industry, data-sharing between banks and fintechs, whether community banks can just focus on tech laggards, and more. ... Read full article

As use of smartphone apps begins to surpass online channels at some institutions, banks are facing pressure to offer clients more robust services. ... Read full article

If CFPB Director Richard Cordray does not leave soon - as has been widely expected - it may be that he has used rumors of his possible political aspirations to successfully keep Trump from firing him. ... Read full article

Despite digital mortgage advances, borrowers think it still takes too long to get a loan, J.D. Power finds in its annual customer satisfaction ranking of originators. ... Read full article

Five Democrats on the Senate Banking Committee pledged to vote against the confirmation of Joseph Otting as comptroller of the currency. ... Read full article

The authority of the Financial Stability Oversight Council to label a firm a “systemically important financial institution” triggers duplicative regulation even if bank-like rules are not appropriate to the company. ... Read full article

Ronald O’Hanley withdrew from law school at Vanderbilt University in 1983 after admitting to plagiarism while editor-in-chief of the school’s law review, according to a news report. ... Read full article

Barros has no answer for Senate committee on encryption; a bitcoin network split won’t happen … for now. ... Read full article

Democrats' victories in Virginia and New Jersey fueled speculation that they may be able retake the House during midterm elections next year. That could have a big impact on regulatory relief, housing finance reform and other bank priorities. ... Read full article

Adding retirement accounts broadens the app's offerings to millennial clients. ... Read full article

The regional bank’s first-year CEO is doing some expected things, like offering more products through digital channels, and making a few surprising moves, like inviting all credit card customers to switch to lower-rate loans. ... Read full article

The Consumer Financial Protection Bureau filed a lawsuit Wednesday against Freedom Debt Relief and its co-CEO for allegedly deceiving consumers. ... Read full article

The San Francisco firm is the latest U.S. lender to tighten credit standards amid concerns that consumers are shouldering too much debt. ... Read full article

Dinesh Chopra is online bank's first-ever chief strategy officer. ... Read full article

Comerica's chief accounting officer since 2010, Carr will replace David Duprey, who is retiring early next year. ... Read full article

Fintechs should learn to value risk management — and the necessary bureaucracy that comes with it, bankers said this week in defending themselves again criticism that they are a pain in the neck to work with. ... Read full article