Receiving Wide Coverage ... Dimon's Big Day: The votes are in and it's Jamie Dimon by a landslide. After all the hoopla, the still chairman... Read More
The latest monthly reports from credit card issuers provide more evidence that loss rates will stay abnormally low longer than thought just a few months ago.
Treasury Secretary Jacob Lew said Tuesday that lawmakers should hold off on further legislative reforms to the financial system until Dodd-Frank is fully implemented, echoing recent remarks from top Federal Reserve Board officials and large bank executives.
Wells Fargo CEO John Stumpf said that he believes the government-sponsored enterprises need to be retained in some form because the guarantee they provide is important to investors.
Now that shareholders have agreed to let Jamie Dimon keep both his jobs at JPMorgan Chase, the chairman and chief executive must resolve several pressing issues. Among them: succession, board composition and mounting regulatory scrutiny.
Lawmakers blasted senior officials at the Consumer Financial Protection Bureau on Tuesday, arguing they were too rigid with recently finalized mortgage rules that could choke off access to credit.
Scores of foreign banks with very small U.S. operations still find themselves drafting "living wills" to provide U.S. regulators with a roadmap to their hypothetical failures, leading to calls for a lighter requirement.
The CFPB's revised final rule on remittances made it easier on bankers, but it will still have a significant — and unclear — impact on international money transfers.
Comments (2)
In a sign of renewed pressure on mortgage servicers, a number of big banks have ceased or dramatically slowed the final step in the foreclosure process.
Comments (2)
The regulator of federal credit unions is promising to take steps to curtail high-cost, short-term loans, in the wake of tough action by banking regulators.
Washington Post blog tries giving clarity around who used the analogy in a point about Japanese monetary policy. It was likely not Federal Reserve Board Chairman Ben Bernanke.
It's common to hear complaints that Congress is no better than a bunch of squabbling kids, but it's less often you that see an actual child take part in official proceedings.
This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.
