Citi to compensate card customers; BB&T wrestles with technical glitches

02/26/18

Citi will refund $335 million to cardholders whose rates weren’t lowered; customers had trouble with BB&T’s online and phone services and ATMs.

[more]

Break's over: Congress returns to full banking-policy plate

02/26/18

The clock starts ticking this week on a busy agenda of financial services priorities on Capitol Hill, including passing reforms to Dodd-Frank, overhauling the housing finance system and confirming key regulators.

[more]

How the House can still shape reg relief talks

02/23/18

As a bipartisan regulatory relief bill approaches the finish line in the Senate, the House has stood relatively on the sidelines. But no one expects the lower chamber to just rubber-stamp the deal.

[more]

The community banker who got tangled up in the Russia probe

02/23/18

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager and a key figure in the investigation into Russian meddling in the 2016 election. Here’s a look at his career and how he ended up in this spot.

[more]

Gender pay gap numbers at JPM, and other banks, don't tell whole story

02/23/18

JPMorgan Chase said Friday that its female employees earn 99% of what male employees make globally, but women remain underrepresented at senior levels and it hinted the unadjusted numbers it will report soon in the U.K. will be less flattering.

[more]

'Concert tonight': In a crowded app market, banks get personal

02/23/18

Relying on data such as income, location and spending habits, bank apps are delivering customized financial advice and tips relevant to the consumer, such as details about local events.

[more]

Gloves off in CFPB tug of war between Mulvaney, Warren

02/23/18

The war of words between acting Consumer Financial Protection Bureau Director Mick Mulvaney and Sen. Elizabeth Warren, D-Mass., the agency's architect, is escalating.

[more]

BB&T fixes ATMs hit by tech glitch, but online banking still down

02/23/18

The North Carolina bank is the latest regional to experience a widespread outage.

[more]

Citi to refund $335 million after finding card APRs too high

02/23/18

Citigroup Inc., one of the world’s largest credit card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower.

[more]

Treasury's bankruptcy plan would mean more, not fewer, bailouts

02/23/18

It’s unlikely a new chapter of the bankruptcy code for banks would be used in times of crisis or strengthen market discipline.

[more]