An item in the August 5 Daily Briefing incorrectly reported the field of membership for Hoya Federal Credit Union. HFCU serves the employees, faculty and staff of Georgetown University.
Guidance documents from the Consumer Financial Protection Bureau and Treasury's Financial Crimes Enforcement Network heightening bank scrutiny of individual tax identification numbers in mortgage applications could discourage banks from issuing those kinds of loans.
The newly minted Fed chairman announced working groups for his five top policy priorities and strictly refrained from forward guidance in his debut press conference Wednesday afternoon.
The Cincinnati bank has launched a navigational aid to help customers get to what they need in fewer steps.
The state would join New York in governing the up-and-coming credit product. Industry and consumer advocacy groups say there's still room for improvement.
The clarification spells out what banks can share to stop scams. The Bank Policy Institute welcomed it but wants Congress to write the protection into law.
The payment company is "exploring options" for PayPal Ventures as new CEO Enrique Lores tries to reverse an earnings slump.