Alexa is expanding its reach. Will banks miss out?

09/21/18

Amazon's voice assistant will soon be in cars and even microwaves, but banks have not yet proven to customers they can serve them with conversational tech.

[more]

SunTrust glitch, Amazon and Google mortgages, Tim Sloan job security: Top stories of the week

09/21/18

"Normal system upgrade" knocks out SunTrust's online- and mobile-banking ops; "just a matter of time" before Amazon, Google enter mortgages; Wells Fargo looking for Tim Sloan's replacement?; and more from this week's most-read stories.

[more]

Wells Fargo CEO says he's prepared to stay until he's 65

09/21/18

The comments by Tim Sloan, 58, came after reports that the Wells board may be looking to replace him.

[more]

Popular rebounds from Maria, but Puerto Rico's challenges endure

09/21/18

The San Juan company has largely recovered from the hurricane that hit a year ago, and it has made extensive preparations for future natural disasters. Yet its home market is still suffering from debt and net outmigration of residents.

[more]

Fed to repeal originator licensing rules now governed by CFPB

09/21/18

The central bank said the proposal is intended to eliminate duplication of rules for entities covered by the Secure and Fair Enforcement for Mortgage Licensing Act of 2008.

[more]

CFPB faces legal minefield in crafting rule on small-business loan data

09/21/18

The agency wants more information as it conducts fair-lending exams, but conflicting statutes make writing a data collection rule difficult.

[more]

FHFA's Watt will testify at hearing as harassment probe looms

09/21/18

The agency’s director will appear with Fannie Mae CEO Timothy Mayopoulos at a hearing on FHFA's role as conservator, despite earlier rumors suggesting Watt might be a no-show.

[more]

Regulators finalize rule to modify swap requirements

09/21/18

Five agencies issued a final rule that established swamp margin requirements with restrictions on certain qualified financial contracts.

[more]

CFPB to open Southeast regional office in Atlanta next year

09/21/18

The CFPB's move is in line with the other banking regulators who have offices in Atlanta.

[more]

Tough times for Wells' Sloan; Mega mortgages to the stars

09/21/18

Wells Fargo CEO tackles cost-cutting, job cuts and rumors he’ll be replaced; banks put up millions to keep uber-rich as depositors.

[more]