WASHINGTON - Lawmakers last week pressed a CFPB official regarding problems with the credit reporting system raised in a study released by the agency. The CFPB found consumers disputed up to 38 million items on their credit reports last year. Sen. Sherrod Brown (D-OH) expressed concern about credit report errors during a hearing, and noted it is often difficult for consumers to navigate.The CFPB said it is investigating what to do next.
Looking at the competitive structure of the core-provider business illustrates why challengers have such a hard time winning business from the big three.
Consumers increasingly trust third-party AI tools nearly as much as their own bank, according to recent survey data. Industry experts lay out what banks need to do now to keep their edge.
A portfolio review initiated by BCB Bancorp's new CEO, Tom O'Brien, led to a spike in nonaccrual loans at the Bayonne, New Jersey-based bank.
RIA owners may feel a "moral dilemma" when considering selling their firms to private equity-backed acquirers. But that didn't prevent PE involvement from reaching a record high in M&A deals in the second quarter.
The deal bolsters Zions' ability to serve multifamily customers and creates a natural extension of its affordable housing lending program, management said.
The card network is buying behavioral fraud detection already running at three of the four largest U.S. banks, including Wells Fargo.
