-
Brian Moynihan and Bill Demchak raised concerns Tuesday about the conduct of data aggregators, and particularly how well they protect customer data. The comments come amid reports that banks have been trying to strangle aggregators' access to their systems.
November 17 -
The forthcoming "overnight bank funding rate" should give banks and researchers a more accurate picture of funding costs, but it is not clear whether the rate is part of the Fed's effort to reform Libor.
November 12 -
The Financial Accounting Standards Board has postponed the release of a rule to overhaul how banks calculate loan losses.
November 12 -
Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 6 -
Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 6 -
Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.
November 5 -
Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.
November 4 -
Automobile lending reached its highest level ever at the end of the third quarter while showing few signs of credit weakness, the credit bureau Experian reported Wednesday.
November 4 -
Hedge funds that invested in CertusBank have sued its former management team, claiming they misappropriated millions and doomed the bank with wasteful spending. Certus closed shop last week after losing nearly $200 million of its $500 million in startup capital in less than four years.
November 4 -
Banking regulators have been coy about whether they approve serving marijuana businesses, but lately one regional Fed bank has taken a strong position against the practice. But there are nearly three dozen Fed-supervised banks serving pot companies one of many seeming inconsistencies in an opaque and confusing regulatory policy.
November 3