-
The San Francisco bank joined Bank of America, U.S. Bancorp and Huntington Bancshares, which have previously introduced similar products. The Pew Charitable Trusts said the loans are a more affordable option for cash-strapped consumers than payday loans and overdraft fees.
November 16 -
Financial Services Committee Chair Maxine Waters and the panel's top Republican, Rep. Patrick McHenry, pressed bank regulators to support bipartisan stablecoin legislation and other efforts to toughen standards for cryptocurrencies in the aftermath of the FTX collapse.
November 16 -
The cryptocurrency lender BlockFi is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private.
November 16 -
A major hurdle for employees who want to speak out about workplace sexual harassment is poised to be removed — with significant ramifications across Wall Street, which has lagged behind the rest of corporate America in scaling back nondisclosure agreements.
November 16 -
With users now able to buy a blue verification badge for $8, parody accounts are on the rise — and so are the risks of fraud and impersonation.
November 16 -
The $121 billion-asset consumer lender paused its share repurchase program in July as it conducted an internal investigation of its servicing practices. Analysts said the resumption of buybacks is a positive sign regarding the company's ability to resolve the lingering issues.
November 16 -
Despite the massive losses and growing criticism that the industry is rife with fraudsters and Ponzi schemes, a dozen industry employees interviewed by Bloomberg News said that while they're rattled by the crisis, they remain committed to crypto and its potential.
November 16 -
A group of unions filed a complaint against Starbucks Corp. with the U.S. Securities and Exchange Commission, asking the agency to investigate how the coffee chain accounts for unused money left on customers' stored-value cards and accounts.
November 16 -
A heated panel discussion sponsored by the Federal Housing Finance Agency raised questions about the funding, structure and mission of the Home Loan banks.
November 16 -
The National Credit Union Administration found that O.F. Toalston Federal Credit Union and Mingo County Education Federal Credit Union — which were placed into conservatorship last month — would never regain sustainable operations.
November 16