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Recent moves by the Consumer Financial Protection Bureau, including a plan to regulate payday lending, take away what limited credit options consumers have.
October 18
Center for Free Market Studies at Johnson & Wales University -
Full $6 billion borrowing line will remain open, but CUs shouldnt expect refunds of assessments anytime soon.
October 18 -
Biometric security company Hypr Corp. has closed a $3 million funding round to accelerate the development and adoption of its encryption product.
October 18 -
The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing: Charles Scharf's tenure; Apple Pay's goals; giving up gift cards.
October 18 -
Regions Financial in Birmingham, Ala., reported a higher third-quarter profit, citing improved fee income from mortgage lending, capital markets and credit and debit cards. It also benefited from some special items and energy-market improvements.
October 18 -
Many have linked the gender gap in financial services to the difficulties in balancing work pressures with family demands. To help address this, paid family leave should be compulsory in the industry.
October 18
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Synovus Financial in Columbus, Ga., posted higher third-quarter earnings after booking more loans across several lending categories.
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Attendees at this year's American Bankers Association conference are fixated on the election, fintech competition and banking's changing landscape. While optimistic, many are still wondering where their industry is headed.
October 18 -
The Dallas company said Tuesday that it earned $149 million the third quarter, an increase of nearly 10% over the same period last year and up 150% from this year's first quarter, when plunging oil and gas prices forced it to sharply boost reserves on loans to energy firms.
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Breaking News This Morning ...Goldman's earnings soar: Goldman Sachs's third quarter earnings jumped 47% versus the year-ago period as trading revenue rose 17%. The bank earned $2.09 billion, or $4.88 a share, easily beating analysts' estimates of $3.82 a share. A year earlier it earned $1.43 billion, or $2.90 a share. Revenue rose 19% to $8.17 billion from $6.86 billion, well above Street forecasts of $7.42 billion. Return on equity climbed to 11.2%, up from 7% in the year-earlier quarter and the first time the ratio exceeded 10% since early 2015. Wall Street Journal, Financial Times
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