‘Mini CFPB’ won’t solve California’s bank regulation problems
The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark. ... Read full article
The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark. ... Read full article
Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells. ... Read full article
When a tweet drew backlash from customers and politicians on Monday, it brought into question how banks should couch their messages on social media. ... Read full article
The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data. ... Read full article
The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services. ... Read full article
The Office of the Comptroller of the Currency had sought to dismiss the case, but a court ruling suggested that the state regulator’s claim may have merit. ... Read full article
The online small-business lender said it tightened its underwriting standards during the first quarter as credit quality worsened. ... Read full article
The head of the agency's innovation office said the program will be available only to OCC-regulated institutions. ... Read full article
Brian Doubles, who had been chief financial officer, will continue to report to CEO Margaret Keane in the newly created role. ... Read full article
The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators. ... Read full article
Activist concedes he doesn't have the votes to join Barclays' board; How an "inevitable" deal fell through and where the banks go from here. ... Read full article
Here are seven startups that received multimillion-dollar venture capital investments in recent weeks to accelerate the development of banking products and services. ... Read full article
The head of the central bank declined to provide more specifics on efforts to simplify the ban on banks’ proprietary trading. ... Read full article
The banks were ordered to submit records related to President Trump's businesses, but lawmakers have agreed to give the companies until seven days after a judge rules on the Trump family's request to block the subpoena. ... Read full article
Democratic lawmakers made clear at a hearing Wednesday that they do not intend to abandon the issue following the GOP's repeal of regulatory guidance last year. ... Read full article
Conduent Education Services has agreed to pay $3.9 million to the CFPB for failing to provide accurate account balances on more than 200,000 student loans. ... Read full article
The North American banking giant is making a gradual yet concerted effort to migrate applications to Microsoft’s cloud, but there are still sensitive operations and pieces of data that it’s holding back on for now. ... Read full article
It just got harder for banks in Georgia to enforce noncompete agreements in employee contracts. For employees of two merging banks, BB&T and SunTrust, the timing couldn’t be better. ... Read full article
Canada is making a big leap in modernizing identity verification, tapping blockchain technology to let consumers digitally prove who they are to securely access banking and other personal services. ... Read full article
FDIC Chairman Jelena McWilliams revealed an effort by the banking agencies to gain better clarity on how authorities use the huge amounts of suspicious activity reports that banks must submit under anti-money-laundering laws. ... Read full article