The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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The credit card giant is facing both a class-action case and a related state-AG lawsuit over the low rates it paid to savers. Can the settlement of one suit ease the pain of the other?
September 30
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The Toronto-based bank announced enterprise-wide and business-specific revenue and expense targets, almost exactly one year after it was hit with more than $3 billion in fines and an asset cap for money-laundering-related blunders.
September 29
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Prosecutors had asked the judge for a stiff sentence, saying that Javice committed a "brazen fraud" when she convinced JPMorgan to pay far more for her company than it was worth.
September 29
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Adrienne Harris, head of the New York Department of Financial Services, will step down after four years in the job. She will be replaced by Kaitlin Asrow as acting superintendent beginning on Oct. 18.
September 29
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Washington Federal Bank and Planet Home Lending are both off the hook for the remainder of their consent orders, which the bureau quietly terminated.
September 29
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A major financial services industry group focused on cybersecurity highlighted the need for planning ahead of 2030 and 2035 deadlines.
September 29
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BayFirst Financial in St. Petersburg shuttered a national small-dollar 7(a) loan program in August. Now the $2.4 billion institution, which has been one of the nation's most active SBA lenders over the past decade, is making a clean break from the business.
September 29
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A bipartisan bill offered Monday by Senate Banking Committee member Katie Britt, R-Ala., and Andy Kim, D-N.J., would force the Securities and Exchange Commission to update a 25-year-old threshold that holds small financial firms to higher regulatory standards.
September 29
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The Treasury Department's Financial Crimes Enforcement Network is seeking public comment on a survey of anti-money-laundering compliance costs from a variety of nonbanks, including casinos, insurers, lenders and other nonbanks, a possible precursor to deregulatory proposals down the road.
September 29
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Vis Raghavan's arrival last year has energized Citigroup's investment banking division, pushing his team to relentlessly pursue deals while cutting underperformers to make way for marquee hires.
September 29
