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Sen. Dick Durbin, D-Ill., wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network.
June 7 -
With Democrats already opposing a bill by Rep. Jeb Hensarling, R-Texas, to roll back Dodd-Frank, his chances of long-term success depend on support by Donald Trump. The two met to discuss the plan on Tuesday.
June 7 -
LendingClub abruptly adjourned its annual shareholder meeting Tuesday, saying it wasn't ready to address investors after a leadership shakeup last month. It also overhauled criteria for the consumer loans it arranges online.
June 7 -
Bank of America will move its mortgage servicing back onto Black Knight Financial Services' LoanSphere MSP servicing system of record.
June 7 -
LendingClub, under pressure to bolster investor confidence in the loans it arranges online, is boosting interest rates and tightening criteria for borrowers to qualify.
June 7 -
Hot demand for shares of Enterprise Bancorp in Lowell, Mass., has prompted the bank to double the size of its secondary offering.
June 7 -
Following Wells Fargo's salvo against screen scraping, one of the leading account aggregators says the larger issue is who has control over consumers' data: the customers themselves, or the banks?
June 7 -
A push for having an independent chairman gained traction immediately after the financial crisis. Years later, the effort seems to be losing momentum.
June 7
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Globe Telecom, the Philippines' largest wireless carrier, has formed a partnership for carrier billing with Fortumo, enabling its mobile phone customers to bill digital purchases to their monthly wireless statement.
June 7 -
Western Union has opened U.S.-to-Cuba digital money transfer through its mobile app and website.
June 7
