The Merrill Lynch unit of Bank of America Corp. has agreed to pay $728,260 in civil penalties for letting unregistered client associates sell securities in states where they were not permitted to do so, New Jersey Attorney General Paula Dow said on Wednesday.

Exchange-traded fund investors shook off the summer slump and put their money back to work in July, reportedly finding investment opportunities overseas and in favored funds with large-cap investment styles.

Flows into U.S. open-end funds grew overall in July, to $14.1 billion, from $13.5 billion, according to numbers from the Morningstar research firm. But within that increase were mixed messages regarding investors' risk appetite.

Experts in digital lending share useful insights into the potential opportunities and pitfalls, covering everything from mortgages to small business.

The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.

Housing advocates are pressing Senate Republicans to expand the low-income housing tax credit program while pushing back against a House GOP plan that would eliminate financing for half of all affordable housing units.

Using AI can manage both privacy and security as part of AML reform, says Giant Oak's Gary Shiffman.

More lenders and governments should partner with community development financial institutions to ensure aid reaches minority-owned businesses that are the backbone of many neighborhoods slammed by the coronavirus.

Global regulators are considering a universal stress test for climate change that requires lenders to use a 30-year horizon, a difficult and speculative projection of the energy industry that could harm bank financials.