U.S. Supreme Court building (Bloomberg News)
Lenders are hoping the high court will uphold an earlier court ruling that makes it more difficult for borrowers to request cancellation of a mortgage.
The Supreme Court is slated to hear arguments Tuesday in a case that could determine when and how borrowers are allowed to cancel their mortgages.

Top Stories

The Florida company's business plan relies heavily on consolidation, but management hasn't announced a deal in more than two years. CEO Gene Taylor recently told analysts that M&A remains a focus, but the company will no longer discuss the topic until it has something to announce.  more »
The bank's partnership with a hot payments startup comes as regulators nudge the industry to speed transactions and as some who initially resisted such calls start to embrace quicker settlement.  more »
Policymakers are closing in on developing rules key to ensuring the ability of the government to take over failing behemoths, but the ultimate success of their plan may depend on how fast regulators can act.  read more »
At least 10 large banks, including Bank of America, Citigroup and Wells Fargo, have raised more than $18 billion in programmatic capital since early last week. Tier 1 shortfalls, the end of earnings season and heightened market demand for bank issuances are among the reasons for the transactions.  read more »
FinTech Forward
The transformation of brick-and-mortar offices into high-tech sales centers has become an urgent matter as consumers increasingly transact through digital alternatives, yet branches still generate more sales than any other channel.  read more »
While banks almost universally offer mobile services, such as smartphone apps or mobile-friendly websites, their customers have been slow to use them, according to an American Banker/SourceMedia Research white paper.  read more »
The $44 billion-asset specialty lender viewed its pending purchase of OneWest Bank as its way to get significantly over the $50 billion threshold for systemically important financial institutions. But CIT CEO John Thain is all for a proposal that would raise the SIFI bar higher.  read more »
The Rhode Island company had barely opened the doors of its Fairfield County mortgage office when management started getting pushed about making a bigger splash. For now, CEO Joseph MarcAurele seems content to keep one toe in the water.  read more »
Our second annual ranking of the banks that win high marks from employees for providing a positive work environment, top-notch benefits and ample career-advancement opportunities. (The perks – like free lattes and subsidized gym memberships – are nice, too.)  read more »
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