Hopes that tax reform might soften a weakening of the mortgage interest deduction were quickly dashed as the GOP plan landed a double punch on the incentive cherished by the mortgage and housing industries. ... Read full article
CapStar Financial is suing an investor on claims he misled other shareholders and is trying to skirt bank holding company laws. ... Read full article
Fed Gov. Jerome Powell, who was first nominated to the central bank by President Obama, is widely seen as a continuity choice. ... Read full article
Fannie Mae servicers are facing pressure from the recent hurricanes, but so far are bearing up under the strain. ... Read full article
The speculation around bitcoin is the "very definition of a bubble," Credit Suisse Chief Executive Officer Tidjane Thiam said as the currency exceeded $7,000 for the first time. ... Read full article
Royal Bank of Canada has found a unique solution to keeping its tech-savvy interns from moving on — using a new technology that matches young employees with more seasoned people to set up career mentoring chats over coffee. ... Read full article
Rule that would have made it easier for banks to be sued is repealed; a survey says the technology isn’t a priority for bank CIOs. ... Read full article
Mark Calabria, the chief economic adviser to Vice President Mike Pence, said the administration is focused for now on more pressing issues than GSE reform, including addressing housing damage from recent hurricanes. ... Read full article
Discussions on a regulatory relief package between the top Democrat and Republican on the Senate Banking Committee broke down late Tuesday, but members from both parties remain hopeful they can reach a bipartisan deal. ... Read full article
With little fanfare, President Trump officially nixed the rule prohibiting financial firms from including mandatory arbitration clauses. ... Read full article
The Consumer Financial Protection Bureau said 42% of car loans issued in the last year had a repayment term of six years or more, a huge leap over the 26% of car loans that had such longer terms in 2009. ... Read full article
Call-report data on commercial and industrial loans does not fully capture small-business lending by smaller institutions, a recent FDIC survey suggests. ... Read full article
Evans Bancorp in New York believes the business is ill-suited for community banks and that it can draw unwanted attention from regulators. ... Read full article
Fifth Third, U.S. Bancorp and others aim to design a short-term credit product that would satisfy their various regulators, but exactly how and how quickly they should go about it is murky at this point. ... Read full article
Since Zelle's earliest days as the clearXchange network, the banks behind the P-to-P platform have promised that it could have a role in the business world. U.S. Bank has begun the next chapter by offering Disbursements via Zelle. ... Read full article
Following the release of the nonbinding statement of policy, regulators still have an important role to play in making sure the industry achieves an effective data-sharing model. ... Read full article
The chairman of the House Financial Services Committee says he won’t seek reelection next year; CME Group hopes to launch a contract by yearend. ... Read full article
Additional data such as college major enhances the ability to provide credit to thin-file consumers. But could it create other issues? ... Read full article
In a somewhat surprising decision, House Financial Services Committee Chairman Jeb Hensarling announced his retirement from Congress on Tuesday, but speculation immediately grew that he could fill a regulatory post. ... Read full article
Text analysis holds the promise of improving lenders’ ability to evaluate which borrowers will repay, but it also carries substantial risks. ... Read full article
