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Environmentalists scored a big victory with PNC's decision to reduce its exposure to mountaintop-removal coal mining, which they say causes environmental destruction and health problems. Now they plan to turn their attention to other banks.

Top Stories

The Consumer Financial Protection Bureau's plans for revamping payday lending set off a fierce debate Thursday over whether the agency had gone too far or not far enough, proving that this is likely to be one the trickiest rulemakings the agency will ever attempt.  more »
The Securities and Exchange Commission just gave unregistered banks a way to quickly raise capital at a fortuitous time — and marketplace lending platforms a way to reclaim their peer-to-peer roots.  more »
Paul Saltzman, the head of The Clearing House Association who helped to significantly raise the trade group's profile in recent years, is stepping down to pursue other opportunities, the group said Thursday.  read more »
FinTech Forward
SAS has launched a new solution designed to allow banks to rapidly test anti-money laundering scenarios, the business analytics software and services provider announced March 16.  read more »
The so-called cloud container, a tool that makes it easier to develop apps for different operating systems, has emerged as a disruptive technology in data center and cloud computing. Even banks, ever cautious about safety in the cloud, might embrace the technology.  read more »
Investors expected rates to increase last year. When they didn't, it showed up everywhere: stock prices, earnings estimates and banks' decisions to sell or go public. In a wide-ranging interview, KBW CEO Thomas Michaud reflects on what turned out to be a good year for M&A, what is driving deals and his firm's role in bringing companies together.  read more »
Banks are transforming branches, rolling out new products and experimenting with alternative data, in an effort to bring more people into the financial mainstream. Such initiatives might have been a footnote in the past, but they have grown into a serious business strategy lately.  read more »
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