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July 14, 2020

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Daily Edition

TRENDING

Enforcement

Former Wells Fargo general counsel fined $3.5 million in OCC settlement

The OCC had hit James Strother and other executives with civil charges a year ago in connection with the bank's phony-account scandal. His monetary penalty is lower than what the agency had first floated.

By Brendan Pedersen

10m ago
Credit quality

JPMorgan Chase: More stimulus needed to prevent loan defaults

Federal relief efforts have minimized loan losses so far, but risks remain in credit card, auto and business lending. Many borrowers will need another lifeline to stay afloat until the economy rebounds, CEO Jamie Dimon says.

By Jon Prior

58m ago
Consumer lending

Illinois caps interest rates on consumer loans at 36%

It is the 18th state to pass a law imposing rate caps on all consumer loans, including payday and car title loans.

By Kate Berry

1h ago