Cathy Bessant, Bank of America's chief operations and technology officer and American Banker's Most Powerful Woman in Banking for 2018, keeps pushing herself, while testing the limits of what the industry can do.
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The law would have expanded the state's 12% interest rate cap in a manner that would have effectively banned fintech lending in the state.
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Wall Street veteran Frank Bisignano pledged at a Senate Finance Committee hearing that he doesn't plan to privatize Social Security.
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The bank has added Affirm as an option, after adding the fintech's rival Klarna to its merchant network in February.
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Founders of the startup digital bank Cogni say they have the formula for reaching Uber drivers and the like, but observers warn it's a group that won't be easily won over.
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Peapack-Gladstone has agreed to buy Lassus Wherley & Associates, which has offices in New Jersey and Florida.
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Startups such as BREAUX Capital are trying to reach consumers historically underserved and underrepresented in financial services.
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Mortgage lenders have much riding on a yearslong effort to overhaul a program that requires homeowners to hold policies in flood-prone areas. A congressional panel meeting to discuss the issue was once again split between lawmakers from storm-threatened states and those concerned about government costs.
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Most of the activity covered vacant and abandoned properties or commercial loans, according to Attom Data Solutions.
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The move formalizes the use of the Rocket Mortgage moniker, which has been a major part of the company’s branding since 2016.
Europe is debating whether to ban screen scraping, a practice that fintechs count on as a last resort. Innovation is at stake.
Terry Dolan, vice chair and chief administration officer at the Minnesota bank, had been at the company for more than 25 years.
The crypto-focused firm's OCC trust bid would shift supervision from New York to Washington at a time when regulators are signaling openness to fintechs engaging in banking
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A reader takes issue with a column by the agency's former director in which she criticized its analysis of the consumer credit card market.
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The Securities and Exchange Commission's overly broad expansion of the Dealer Rule is only the latest example of the agency's yearslong effort to stifle innovation in a vibrant and growing industry.
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Regulators are inherently cautious, but they must not allow concerns about risk to blind them to the enormous opportunities artificial intelligence presents for the financial well-being of Americans.
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The crypto lender issued over 5,000 loans to residents without a license and failed to assess repayment ability, the DFPI said.
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Rep. Bryan Steil, R-Wis, and Rep. Ritchie Torres, D-NY, introduced a federal earned wage access bill that would prevent EWA from being classified as credit and preempt any state from designating it as such.
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The investment banking giant reported an 18% increase in net income for the fourth quarter and stuck to its 2-year-old financial targets, even as it exceeded some of them.
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Noelle Acheson explains how on-chain vaults, born in decentralized finance, could shape the centralized banking of tomorrow.
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The new developer assistant helps corporate clients and partners find and integrate the bank's APIs into their programs and websites.
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Stablecoin yield has continued to be a flashpoint as bank groups look for a blanket ban on crypto exchanges and other nonbanks offering yield-like rewards for holding crypto.
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Continuing to retreat from Biden-era rules, the Consumer Financial Protection Bureau and Department of Justice withdrew a 2023 advisory opinion that had cautioned about denying credit to immigrants.
The U.K. payments processor announced its acquisition of an alternative merchant acquirer license from the state of Georgia as part of its U.S. expansion.
The 23rd annual ranking of women leaders in the banking industry.
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