Pennsylvania regulators hit SoFi with enforcement action

11/04/19

The San Francisco fintech company has agreed to pay a $110,000 fine for failing to comply with a 2017 state law that requires mortgage servicers to be licensed.

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Organizers file to form Arizona de novo with underbanked focus

11/04/19

Verdigris Bank would also rely heavily on technology as part of its business plan.

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Warren won't let banks escape health care debate

11/04/19

If elected president, Sen. Elizabeth Warren would charge large banks a fee to help pay for her Medicare-for-all plan.

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BMO off to promising start on its AI projects

11/04/19

The team has already built three customer-facing AI tools this year, which it hopes to keep building upon.

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Paying bankers more is cost of Canadian lenders' U.S. expansion

11/04/19

Bank of Montreal's push into the U.S. has proved fruitful for its employees — and challenging for a company seeking to get its expenses under control.

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BBVA, Prosper partner on digital home equity lines of credit

11/04/19

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers.

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CFPB can do better by fintechs than a 'policy tool'

11/04/19

It should offer some form of guidance to spur innovation, a former official with the bureau says.

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Regulators want Sewing to give up a title; Changes to JPM balance sheet

11/04/19

The ECB and BaFin say dual roles “could undermine” bank's restructuring efforts; JPM shifts cash into long-term bonds because of capital rules.

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Is Big Tech’s ‘for the people’ rhetoric legit?

11/03/19

Large tech companies have been driving home the message that they can help the many Americans who struggle financially. But there are good reasons to be skeptical of their intentions.

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Pressure grows on administration to fill Fed, FDIC seats

11/03/19

Senate leaders say they're ready to consider appointees to fill vacancies at the two regulatory agencies, if only the White House would send over their names.

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