Wells Fargo executives and directors accused of steering the bank into the worst scandal of its modern history were ordered to defend a lawsuit accusing them of profiting from the creation of millions of fake customer accounts. ... Read full article
Randal Quarles was confirmed 65 to 32 as a Fed governor, and by voice vote as the vice chairman of banking supervision. ... Read full article
While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director. ... Read full article
Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada's burgeoning marijuana industry, even as some lenders shun the sector. ... Read full article
The financial crisis gave Mary Navarro an unprecedented opportunity to change banking for the better — and she delivered. ... Read full article
Day two of Equifax hearing focuses as much on business model as on the data breach; Fed chair again says she supports bank rules that are not "unduly burdensome." ... Read full article
At 1.56%, the delinquency rate on consumer loans remains well below historic averages, the American Bankers Association said Thursday. ... Read full article
A bill backed by House Democrats would establish a process to review big banks for patterns of consumer violations, ending possibly in culpable institutions losing their charter. ... Read full article
The Senate invoked cloture to begin the process of confirming Randal Quarles as a governor on the Fed board. ... Read full article
Tel Aviv is home to some of the world's top cybersecurity talent, the bank said. ... Read full article
Cynthia Blankenship, an executive at Bank of the West in Grapevine, Texas, has been a regular in Washington for years fighting for regulatory changes. She is encouraging other bankers to do likewise. ... Read full article
Congress may soon try to limit the personal identifiable information that companies and the government can collect on consumers based on their reaction to the massive data breach at Equifax. ... Read full article
