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The Fed’s new chief bank regulator wants to change “the tenor of supervision”; Ron O’Hanley, who was named president this week, will also take over as CEO by the end of 2018.
November 8
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Acting Comptroller of the Currency Keith Noreika called for reopening the debate over the barrier between banking and commerce, saying there is evidence removing it could benefit small banks.
November 8
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The information you need to start your day, from PaymentsSource and around the Web. Today: Visa pushes wearables at the Olympics; U.K. regulators may make it easier for payment crime victims to recovery funds from banks; Stripe invests in Monzo; Coin Hive hits UFC.
November 8
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As blockchain becomes increasingly popular, heightened levels of data protection and customer awareness of its use become a reality, writes Abhishek Pitti, CEO of Nucleus Vision.
November 8
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For much of the last decade, credit card companies and issuers have fine-tuned security to the point where if any suspicious activity occurs on a cardholder account, that cardholder will receive an alert. That same sort of transaction and behavioral analytics is starting to come into other business sectors and walks of life.
November 8
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While the U.S. unemployment rate is low at 4.1%, certain cities are adding jobs at a much-faster clip than others in sectors such as health care, construction and technology. Those markets are providing new opportunities for banks to bring in deposits and make more loans.
November 7
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Capital One Financial will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable.
November 7
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The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.
November 7
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More FHA homeowners than expected are refinancing out of the program and into conventional mortgages, despite an increase in mortgage rates over the past year.
November 7
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The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period.
November 7
