Electronic Data Systems Corp. continues to struggle, reporting a loss of $600,000, essentially break-even on a per share basis, for the third quarter, compared to net income of $86 million, or 18 cents a share, for the third quarter last year. Third quarter earnings include a $139 million gain on the sale to Fiserv of the company's CU group, which at one point served more than 2,500 credit unions.
The title policy and settlement statement datasets introduce digital standards that will allow the information on forms to move as data instead of documents.
What was once a bipartisan and broadly popular housing bill has been weighed down with a pair of provisions that banks can't support. Even with those headwinds, the bill is more likely than not to pass, but not without drawn-out negotiations between the House and Senate.
Federal Reserve Gov. Michael Barr said in a speech Tuesday afternoon that he wants to see a durable and reliable reduction in consumer price inflation before he considers cutting the central bank's interest rates.
B2 Bank in Minnesota, which recently exited a regulatory action in connection with its banking-as-a-service business, announced the hires of a new CEO and two other senior executives.
The long-defunct Nationwide Biweekly Administration, accused in 2015 of deceptive marketing, has been ordered to pay a $7.93 million civil money penalty.
The company's investment advisory subsidiary was dinged for failing to properly disclose that its allocation of certain client assets represented a conflict of interest.
