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The lawmaker said leadership on the House Financial Services Committee is supportive of the legislation, which would limit the ability of credit-reporting agencies to sell homebuyer information to financial service providers.
October 29 -
The average size of a Small Business Administration 7(a) loan has fallen to just over $400,000, a level last reached in 2017, according to agency statistics.
October 29 -
Treasury Secretary Janet Yellen announced an initiative aimed at enhancing financial inclusion. The plan includes calling on U.S. banks to participate in upholding fairness and expanding consumer financial access.
October 29 -
Bank executives and industry advocates welcomed the Federal Reserve's interest rate reduction but warned that careful planning for future drops is necessary to avoid creating market turmoil.
October 29 -
The revised edition of the Basel III endgame capital rules has been stuck in limbo at the Federal Deposit Insurance Corp. board of directors. The issue there seems to be about the process of reproposal — but the process dictates the substance of the rule.
October 29American Banker -
Through a multiyear agreement, Citigroup is cloudifying the way it delivers software to employees, customers and its markets business.
October 29 -
Alex Chriss says the impact of new payment innovation and strategies at units like Venmo and Braintree will take time.
October 29 -
If you want your constructive criticism to land the right way with younger employees, it's important that they see it as evidence of your belief that they have a future in your bank.
October 29 -
Freddie Mac also indicated that it will be proceeding with its closely watched second-lien pilot, while Fannie reported gains in serving credit invisible borrowers.
October 29 -
Community banks will have to pay more, get creative and train from within to build robust banking-as-a-service divisions that can withstand higher regulatory standards.
October 29