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The Obama administration and an independent federal banking agency are advising the Supreme Court not to review a lower-court ruling that has roiled the marketplace lending sector and caused consternation throughout much of the consumer finance industry.
May 24 -
FHFA Director Mel Watt also reiterated concerns regarding insurance companies and large bank members, saying that some Home Loan Banks have large exposures to a few individual members.
May 24 -
The due-diligence firms that vet loans before securitization are erring on the side of caution when assessing the risk to investors of liability from the new consumer mortgage disclosure rules.
May 24
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The San Francisco bank isn't interested in making splashy investments in technology. At an investor day event Tuesday, Wells executives said they would focus on taking incremental steps to reduce costs and improve customer experiences.
May 24 -
The wealth management technology provider SigFig has raised $40 million in equity and other financing from a number of large financial and venture capital firms so that it can expand its business.
May 24 -
Silicon Valley Bank in Santa Clara, Calif., has launched a program that lets new customers sign up for accounts using electronic signatures.
May 24 -
A number of Congressional leaders including the ranking Democratic member of the House Financial Services Committee -- announced their support Monday for proposed legislation that would increase credit unions ability to lend to small businesses.
May 24 -
The Mountain West Credit Union Association said it is purchasing a shared-ownership stake in Ontario, Calif.-based Plexcity for information technology, accounting/finance, and human resource solutions.
May 24 -
Health is one of key areas of interest for Apple developers, says Tim Cook.
May 24 -
Mackinac Financial in Manistique, Mich., has agreed to buy Niagara Bancorp. in Niagara, Wis.
May 24
