The housing agency director told Sen. Cortez Masto a Federal Home Loan Bank reform review is ongoing and took issue with Sen. Warren's inquiries about meeting transparency.
After the early exuberance surrounding Apple Watch, banks and vendors are ramping up testing of bank apps on other wearable devices and everyday objects, preparing for a day in which most everything is connected to the Internet.
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Meta, Apple, Alphabet and other companies that offer digital wallets and payment apps would fall under U.S. Consumer Financial Protection Bureau supervision under a newly proposed rule aimed at treating nonbanks more like traditional counterparts.
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After three decades of relying on large retailers like Macy's to promote its private-label credit services, the bank is taking its point-of-sale financing to smaller merchants via platforms like Shopify.
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Five years after going public, with growth slowing and the stock trounced, losing 57% in just the last three months, investors are demanding a clear blueprint for how Adyen can get its mojo back.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Tighter regulation has been a major factor behind the success of Canadian asset managers, a survey says, which is a bullish sign for a U.S. industry about to go through a similar experience.
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The sudden departure last week of Deborah McWhinney from her role as head of Citigroup's personal banking and wealth management unit raises many questions.
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Goldman Sachs Group Inc. will shut its Global Macro Proprietary Trading desk, a person with knowledge of the decision said.
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Student loan debt — now at $1.5 trillion in the U.S. — is arguably the greatest pain point for consumers in their 20s and 30s. To court that demographic, banks are increasingly offering help with refinancing and repayment.
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Along with a core conversion, the Twin Cities-area credit union deployed new loan origination systems and online and mobile banking platforms.
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A proposal allowing more lenders to skip outside appraisals could remove a hurdle to quick closings, but appraisers say they could be collateral damage.
The Long Island bank is trying to come back from a month-long spiral that sunk its stock price some 80%.
Bank of Montreal dismissed a managing director on its US mortgage-backed bond desk in connection with a regulatory probe into misleading marketing practices.
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The Federal Deposit Insurance Corp., which has responded effectively to many external crises, has no playbook for addressing this internal battle on its own.
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The use of artificial intelligence and machine learning in financial services, while promising, is not without risk. It's on federal regulators to ensure that algorithms relied on by banks and credit unions aren't harming businesses and consumers.
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A few changes to underwriting rules could result in a huge opportunity for both lenders and minority women who own businesses.
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Legal experts say the Supreme Court's decision not to immediately rule on a request to remove Federal Reserve Gov. Lisa Cook from office suggests that, whatever the court's views on independent agencies may be, it views the central bank differently.
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For the fifth consecutive year, Fraser is American Banker's Most Powerful Woman in Banking. The CEO, who is nearing her fifth anniversary in the job, remains keenly focused on generating higher revenues, cutting expenses and closing the profitability gap with peers.
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The Office of the Comptroller of the Currency Monday said it will scrap fair housing reporting requirements, fast-track licensing for small banks and simplify regulation for smaller institutions overall.
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Supplies of the one-cent coin have fallen faster than expected, causing headaches for cash businesses and the lenders that provide them with change.
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Citigroup's Banamex received an offer that would put full control of the Mexican franchise in the hands of Grupo Mexico.
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Frank Bisignano, the former chairman and CEO of Fiserv, will become the "CEO" of the IRS, a newly created role, in addition to his post running the Social Security Administration.
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As head of TIAA's $955 billion retirement business, Gibson said that Americans are facing "a perfect storm in retirement security."
In addition to swiping exchange business from rival NYSE, Friedman has diversified with compliance software and anti-financial crime offerings for banks and securities firms.
The 23rd annual ranking of women leaders in the banking industry.
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