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Alliance Data Systems, a Texas-based card issuer, has scrapped plans to let rewards points expire after customers north of the border revolted.

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And that was only the beginning. Bank CEOs speaking in New York provided a long list of financial reforms that they would like to see under the incoming Trump administration.

Some banks are set to get a fourth-quarter earnings boost from their MSR portfolios, thanks to a sudden spike in yields on Treasury bonds. Add to that the prospect of further rate hikes and the potential dismantling of Basel III, and more banks could be encouraged to re-enter the servicing business.

Mobile could become the one-stop shop that banking companies never quite achieved, blending basic banking, wealth management, and other services, if efforts like those underway at Citigroup's fintech unit succeed.

Steven Mnuchin's confirmation hearing is likely to be dogged by stories of homeowners who claim his bank, OneWest, illegally foreclosed on them. While the stories are unlikely to prevent President-elect Donald J. Trump's pick from being confirmed, it could weaken Mnuchin politically and rehash grievances from the financial crisis.
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Treasury Secretary-designate Steven Mnuchin's plan to remove Fannie Mae and Freddie Mac from government control could mean increased competition for lenders' loans. But it could also prompt a rise in mortgage rates.
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Several banks have cut ties with payday lenders in recent weeks, and there is evidence that regulators could be pressuring them to do so. The spate of terminations is prompting speculation that regulators are renewing their campaign against high-cost lenders before Donald Trump is sworn in as president.

The decisions by JPMorgan Chase, Fifth Third and other banks to keep subprime auto lending in check look wise after new delinquency data from the New York Fed.

Shortage of appraisers in rural areas and compensation issue force lawyers to re-consider restrictions on communications between lenders and appraisers.
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The Federal Housing Finance Agency's choice to raise conforming loan limits in 2016 for the first time in a decade is being met with enthusiasm from the mortgage industry, as it should prove to be a positive for future origination volume.

Applicants for credit cards, auto loans and mortgages are more frequently being told "No," and the reason appears to be more about lenders' new marketing efforts than stricter underwriting or weaker credit profiles.

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