The neobank was bullish on cryptocurrency and stablecoins, which could provide tailwinds as it looks to launch new products including crypto-based lending, institutional trading, and correspondent payments and settlements via stablecoins.
As CFPB mulls privatizing database, consumer complaints are on the rise; an argument for continued human oversight of artificial intelligence; how some banks are luring talent from big tech; and more from this week's most-read stories.
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New York State Gov. Kathy Hochul has codified how buy now/pay later lending will operate in the state, taking a heavier hand as the Consumer Financial Protection Bureau loosens its grip under President Trump.
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Chargebacks are a growing problem, but there are steps banks can take to keep losses from spinning out of control.
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The 29 companies that made this year's list offered flexible work schedules, generous amounts of paid time off and fun activities to keep employees happy.
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The ratings agency said that it views rollbacks of stress-test comparisons and liquidity coverage ratio requirements as "negative" for banks with between $100 billion and $250 billion of assets.
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Winners of the Maxwell, Herring and Desjardins awards will be feted at the Credit Union National Association's 2019 Governmental Affairs Conference.
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A broad decline in bank stocks and investor concerns about specific companies are among the reasons for a spike in insider purchases.
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Alternative lenders should be held to the same standards as banks under the Community Reinvestment Act and other laws, M&T CEO René Jones argued in a letter to shareholders.
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The Consumer Financial Protection Bureau took a step toward addressing appraisal bias with a proposal that kicked off an interagency rulemaking on automated valuation models, which use reams of data to assess property values.
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The complaint seeks unspecified damages over the bank’s mortgage origination and underwriting practices, alleging minority homebuyers were excluded from affordable, low-risk loans.
Heather Tuason is now chief product officer of StreetShares, an online lending and investing platform.
The neobank reported a 47% increase in revenue in the first three months of the year.
At a banking conference this week, there was growing optimism that a key regulatory threshold will be raised from $100 billion to $250 billion.
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As with EVs, digital money was a niche product for years before gaining widespread acceptance. Now, digital blockchain-based monies might be on the verge of a major breakthrough.
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A representative of America's Credit Unions takes issue with a recent article suggesting that credit union commercial lending is excessively risky.
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Mehrsa Baradaran's new book "The Quiet Coup: Neoliberalism and the Looting of America" ties together economic history, an expertise in banking regulation and the perspective of someone who's both watched a country be torn apart by extremism and been inside the American political machine.
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As the Federal Open Market Committee announces its near-term interest rate plans Wednesday, market watchers expect the central bank to hold interest rates steady as policymakers seek greater clarity on the health of the economy.
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Julia Carreon is suing the bank, alleging she suffered race and sex discrimination, including sexual harassment by Andy Sieg, the bank's head of wealth management. On Tuesday, Citi hit back by filing a petition to compel arbitration and accusing Carreon of making false claims.
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The Tulsa, Oklahoma-based bank expects the pace of loan growth to quicken this year, driven in part by its nine-month-old warehouse lending business.
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The bill, known as the STOP Act, was introduced by State Sen. Samra Brouk and Assemblymember Steven Raga, and proposes that any wage or cash advance be considered a loan and subject to the state's 16% civil usury law.
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Prosecutors argued the 23-year-old courier knew he was aiding criminals, citing texts about "gold rushing" and scammer videos on his phone.
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Merchants have mostly been silent on President Trump's call for a cap on credit-card interest rates. But they'd take a "huge hit" under such a plan, Synchrony CEO Brian Doubles said Tuesday.
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The House Financial Services Committee passed a community bank tailoring bill 33-21.
The buy now/pay later lender is seeking to create Affirm Bank, a Nevada-chartered industrial loan company.
The 23rd annual ranking of women leaders in the banking industry.
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