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An intraparty rift went public Wednesday over legislation that would impose a 36% rate limit on all consumer loans. Critics are concerned it would cut off minority borrowers’ access to small-dollar loans and hurt some community banks.
February 5
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Investors have made a $10 million bet on Stori, which is pushing mobile money over a branch network to bring more consumers into Mexico's banking system.
February 5
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The agency agreed to most recommendations made by its inspector general but pushed back on some conclusions.
February 5
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Anticipating a weaker economy and added pressure on stock prices, banks authorized more repurchases of outstanding shares last year.
February 5
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MyCUID, an identity-verification tool launched in early 2018, has a new identity of its own.
February 5
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Popular’s branch in a Brooklyn neighborhood faced an uncertain future until it was designated as a bank development district. Now it’s eligible to receive millions of dollars in municipal deposits.
February 5 -
JPMorgan Chase may jump back into a mortgage program that helps low-income Americans buy homes, mulling a return years after most banks pulled back from the business in frustration over billions of dollars in penalties.
February 5
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It’s the universal travel faux pas: You arrive at a hotel, receive your luggage from the bellboy, reach into your pockets, scour your wallet, and turn up … nothing. Or, perhaps worse, a large-denomination bill you’re too embarrassed to ask them to break.
February 5 -
Inertia or resistance to change have kept small businesses from making the move to more modern systems, says Clover's Mark Schulze.
February 5
Clover
