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Consumer credit is better than ever before, even as Americans households have started levering up. But the big question for banks looking to re-commit to consumer lending is how.
January 5 -
Relations between banks and providers of personal financial management tools have soured of late amid reports that some banks block PFM sites' access to their customers' information during peak traffic periods. Aggregators say they are working to address banks' concerns, but they also are urging banks to invest in more server capacity to keep pace with customer demand.
December 31 -
An overhaul of money-market funds, years in the making and fiercely opposed by the financial sector, will take effect in 2016. There's little debating that the new rules will be bad for some banks, but they could also create new opportunities for small and mid-sized banks in need of cheaper funding.
December 30 -
The legal status of marijuana is likely to shift dramatically next year, with around ten states considering some form of decriminalization. But banks will likely have a longer wait until the rules around serving marijuana businesses are cleared up.
December 17 -
Despite strong calls for action, issue may languish until after the presidential election.
December 11 -
Bankers appear set to get their long-awaited rate rise, but the top executives of the biggest banks still have lukewarm expectations for the coming year, according to forecasts laid out by the top brass from JPMorgan, Wells Fargo, PNC and others.
December 8 -
Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by MasterCard and a group of financial institutions, according to court documents filed Wednesday.
December 2 -
Target has agreed to pay $39 million to settle loss claims from a two-year-old data breach that were brought by a group of financial institutions, according to court documents filed Wednesday.
December 2 -
Banks are losing auto finance market share to captive lenders and finance companies, according to a new report from the credit bureau Experian.
December 2 -
Add retail customers to the list of groups raising concerns about possible high-pressure product-sales tactics at Wells Fargo; many of them are considering jumping ship in response, according to a new survey of customer attitudes at big banks. However, Wells' rivals shouldn't celebrate they are at risk of losing customers, too, for a variety of reasons.
December 1