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With Congress deadlocked on a future for Fannie Mae and Freddie Mac, the administration is prepping to move by itself.
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A letter from the Ohio Democrat claims Rodney Hood, chairman of the National Credit Union Administration, is using social media to "curry favor with the president, seriously compromising the independence of the agency."
October 23 -
Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app.
October 23 -
A poll from AmOne indicates consumers aren't optimistic about their prospects for retirement.
October 23 -
Huntington Bancshares and U.S. Bancorp also said in recent days that they are eliminating jobs to reduce overhead and improve profits. With net interest margins shrinking and branch traffic continuing to decline, expect more banks to follow suit, analysts say.
October 23 -
The Government Accountability Office determined that three Obama-era letters from the central bank related to large-bank supervision should have been submitted for congressional review.
October 23 -
Executives say they are passing on more loans as bank and nonbank competitors cut rates and forgo traditional safeguards.
October 23 -
Visa is retooling its small-business credit cards by expanding credit card lines, adding travel insurance and product-warranty extensions and making it easier for business owners to integrate card accounts with accounting software.
October 23 -
As Congress continues to seek answers about the proposed cryptocurrency, the appearance by Facebook’s CEO cast further doubt on the project’s future.
October 23 -
It has already been modifying more problem loans and investing in efforts to recover charged-off loans, and now the credit card lender is ready to tighten underwriting in case the economy weakens.
October 23