Alexis Goldstein, who was terminated from the Consumer Financial Protection Bureau last week, is running for Congress in Maryland's 6th District, which hosts a disproportionate number of federal workers.
Executives point out while they are fixing the online lender's very public problems, loan originations are still in the billions and it has expanded into wealth management.
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Western Union's North American money transfer business logged a decline in cross-border remittance revenue, led by drops in the U.S. to Mexico corridor, its largest remittance stream by far. The company is also bracing for the 1% remittance tax codified in the "Big Beautiful Bill," a levy that does not directly apply to banks.
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Unlike rival Fiserv, the bank technology company does not plan to issue its own coin immediately, but it does feel the lure of the broader digital asset market.
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Direct-to-consumer earned wage access provider EarnIn is rolling out Live Pay, a service that "streams" consumers' paychecks via a Visa card. It's a model banks could replicate.
The government set forth five principles companies should follow when they use artificial intelligence. Chintan Mehta, CIO of strategy, digital and innovation at Wells Fargo, shares how one of the largest banks does it.
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Another look at the variety of ways credit unions are making a difference.
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Why the Toronto bank is focusing on digital features; complaints about credit monitoring plans flood CFPB; the strategies midsize banks are relying on to stimulate growth; and more from this week’s most-read stories.
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The Minnesota Credit Union Network worked with two brewers to create and sell a strawberry milkshake cream ale in an effort to boost the industry's profile and raise money for financial literacy.
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Gov. Jay Inslee has signed a law that will offer loans to minority borrowers to help cover down payments and closing costs. Supporters say it will benefit groups that were victimized by racially restrictive real estate covenants.
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The Philadelphia-based company will eliminate an undisclosed number of jobs as part of a plan to refocus on core business lines and markets, CEO Thomas Geisel said.
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The Cleveland-based bank says it will submit to a racial equity audit conducted by an outside law firm, as Citigroup and Wells Fargo have previously done. The bank's decision follows a request that regulators investigate Key's mortgage lending practices for alleged redlining.
The Dallas-based bank is the subject of a scathing new report by HoldCo Asset Management, which says it should take advantage of current market conditions to sell itself. The investment firm accused Comerica's management of making poor decisions and failing to address its lagging stock price.
The Consumer Financial Protection Bureau ended a consent order earlier than expected against the credit bureau TransUnion, saying the company already paid a $5 million fine and $3 million to consumers.
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Making the cancellation of private mortgage insurance policies automatic when a home's loan-to-value ratio is lower than 80% would be a huge benefit for borrowers.
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New regulatory changes have created the potential to enable smaller institutions to compete more effectively with their larger peers — if they're willing to seize the opportunity.
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Standing on the sidelines when it comes to the implementation of artificial technology in the investment banking sector is no longer a viable strategy. Companies must move ahead, or risk being left in the dust.
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TIAA's asset management arm will have $2.5 trillion of assets after the combination with a storied U.K. firm.
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Executives have more trust in the central bank's board than their smaller-bank brethren, according to American Banker's 2026 Predictions report.
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The sports betting company said it would stop accepting credit card deposits for its sportsbook, casino and racing products in the U.S. Wagers placed using credit cards are typically more expensive than those made with other forms of payment.
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An internal memo from the Federal Reserve's supervisory staff will begin reviewing outstanding "matters requiring attention" and "matters requiring immediate attention" to ensure that they meet the standards laid out in an October directive.
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The crypto crash highlighted an overlooked aspect of stablecoins: They have both a stable value and a market-traded price, but the two don't always match. What does the risk of de-pegs mean for payments?
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The Federal Housing Finance Agency and Ginnie Mae agreed to look more closely at credit line use, according to the Government Accountability Office.
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Houston developer Colony Ridge Development agreed to resolve allegations that it operated a bait-and-switch scheme targeting Hispanic immigrants that led to massive foreclosures.
JPMorganChase, Citi and Custodia are among the banks that have built digital asset projects on the Ethereum blockchain.
The 23rd annual ranking of women leaders in the banking industry.
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