Financial firms say the database is unreliable and would like to see it removed from public view. But the industry would also lose access to competitive insights that can be gleaned from the massive trove of consumer complaints.
Last year saw some big names fall victim to cybercrime in the highly targeted world of financial services, as fraudsters continue to evolve their tactics to dupe consumers and businesses alike.
The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.
Sponsoring securitizations of the loans funded on its platform will give Lending Club more control over its reputation in the market and make it less beholden to direct loan buyers.
A federal appeals court is scheduled to hear oral arguments in August in a decade-old case against the San Francisco bank that could cost it hundreds of millions in penalties and restitution.
Financial firms say the database is unreliable and would like to see it removed from public view. But the industry would also lose access to competitive insights that can be gleaned from the massive trove of consumer complaints.
Sponsoring securitizations of the loans funded on its platform will give Lending Club more control over its reputation in the market and make it less beholden to direct loan buyers.
A federal appeals court is scheduled to hear oral arguments in August in a decade-old case against the San Francisco bank that could cost it hundreds of millions in penalties and restitution.
The NCUA is letting federal credit unions securitize and sell assets. Such transactions would free up capital at credit unions, allowing them to make more loans.
The following are some of the noteworthy things we heard at American Banker’s Digital Banking 2017 conference held earlier this month in Austin, Texas.
Vinny Lingham, founder and CEO of Civic, discusses the froth in cryptocurrency markets, the mania for "initial coin offerings," the right way to do token sales, the future of digital identity and the banking system's security failings.
Though regulatory rigor has improved post-crisis, it would be hubris for the Fed to believe it has found a magic formula that will predict with accuracy how any of the big banks will truly perform in the next downturn.
Before smartphones and digital wallets, a Georgia bank in the '90s partnered with a calling card provider to expand customer relationships and drive noninterest income.
A dad challenges JPMorgan Chase’s parental leave policy. A shareholder proposal to address the gender pay gap gets shot down at Citigroup. Plus, Cathy Bessant, Yolande Piazza and Elizabeth Warren.
Chair of the Insolvency, Creditors' Rights and Financial Products Practice Group
Davis & Gilbert LLP
Operational changes may be enticing to investors, but they threaten the very foundation of marketplace lending, potentially shutting out those the burgeoning sector was meant to serve.
Post-election exuberance about the prospects for rollback of Dodd-Frank regulations has been tempered by the political realities facing the President and Congress.
Seasonal expansion broadens in the month, albeit at a somewhat more moderate pace. On balance, readings point to a solid extension of the IBA's traditional seasonal rally.
