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A judge has approved the inclusion of new payday lenders in a case seeking relief from the effects of Operation Choke Point, and denied defendants' motion for summary judgment against Advance America.
July 6 -
In a letter to CFPB Director Richard Cordray, NCUA Chairman Mark McWatters said dropping CFPB oversight of credit unions would free up CFPB resources to better police larger, for-profit institutions, while also extending a hand for a potential partnership.
July 6
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Crane CU recognizes top teller, execs elected to key boards and more CU reps in the news.
July 6
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Online and mobile banking are essential elements in 21st-century financial services, but there’s more to banking than digital transactions.
July 6
Independent Community Bankers of America -
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Klarna, the Swedish fintech that recently received a banking license, has already inspired a generation of similar fintech competitors.
July 6
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The new ATMs cut fraud risk by minimizing password-exposure, but it’s unclear whether large numbers of consumers are ready to change five decades of inserting a plastic card to get cash.
July 6
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Federal Reserve Board Gov. Jerome Powell stopped short of endorsing any single housing finance reform plan, but called on lawmakers to resolve what he described as the biggest unfinished business of the crisis.
July 6
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The subprime business lender halted new business and laid off scores of employees after recording higher-than-expected losses.
July 6
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PwC reports a modest improvement in its gender pay gap. A study finds a big gender pay gap in the U.K’s financial services industry. Plus, female founders speak out about sexual harassment and explain why they kept quiet before.
July 6
