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The Obama administration announced a new cybersecurity strategy on Tuesday, calling for a 35% increase in funding to bolster private and public defenses and the creation of a new chief information security officer position for the government.
February 9 -
The White House and other Democrats have long pushed for banks to offer affordable small-dollar loans as an alternative to payday loans and other costlier credit, but banks have struggled to make them profitable and safe for consumers.
February 8 -
Fantasy sports sites FanDuel Inc. and DraftKings Inc., already facing mounting legal and regulatory scrutiny, ran into more trouble when Citigroup Inc. said it was blocking transactions by New York state residents.
February 8 -
The election of a Republican president could be the first prerequisite to repealing the financial reform law, but banks still need to argue their case for why repeal is necessary.
February 8
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The senator from Vermont and avowed "Democratic socialist" is unlikely to prevail in his campaign against Hillary Clinton, but he has unexpectedly generated excitement among young voters and may be forcing Clinton to the left on certain issues.
February 8 -
Fantasy sports sites FanDuel and DraftKings, already facing mounting legal and regulatory scrutiny, ran into more trouble when Citigroup said it was blocking transactions by New York state residents.
February 6 -
Mortgage REIT says five-year transition plan won't have an impact on its financing model.
February 5 -
HSBC North America Holdings has agreed to pay $470 million to settle allegations it engaged in abusive practices in its mortgage foreclosure, origination and servicing operations.
February 5 -
A cybersecurity assessment tool designed to help bankers bolster their defenses against hackers and other cybercriminals is continuing to sow confusion among bankers, with some arguing it is effectively imposing tougher standards on the industry.
February 5 -
Housing policy focused on government guarantees and the 30-year mortgage hasn't done much to help low- and middle-income homeowners build wealth.
February 5
American Enterprise Institute -
Despite their recent growth, too few marketplace lenders are reporting data to the consumer reporting agencies, which could negative repercussions on the financial system.
February 5
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American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.
February 5
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Several bankers left a high-profile meeting with the Financial Accounting Standards Board feeling more comfortable with a plan to change reserve accounting. The meeting was thrown into an abrupt recess after a FASB director and a bank lobbyist clashed over recent statements by FASB's chairman linking community banks to the financial crisis.
February 4 -
WASHINGTON The top Democrat on the Senate Banking Committee called on the Federal Reserve Thursday to complete its proposal to limit banks' involvement in commodities markets.
February 4 -
Frank Keating, former chief executive of the American Bankers Association, has joined the law firm Holland & Knight as a partner.
February 4 -
The House passed a bill Thursday 250-169 that would limit regulators' ability to force banks to cut ties with certain businesses despite Democratic fears that it could hamstring the Justice Department's ability to prosecute bankers responsible for the financial crisis.
February 4 -
Democratic front-runner Hillary Clinton is increasingly on the defensive when asked why so many banks and hedge funds on Wall Street have given her money, insisting it doesn't influence her tough reformist views. But it raises the question what institutions hope to gain with all their money.
February 4 -
The amount of complaints in the Consumer Financial Protection Bureaus database dealing with payday loans is relatively small, so why is the proposal to regulate payday lenders so sweeping?
February 4
Community Financial Services Association of America -
Louise Roseman, the longtime head of the Federal Reserve's payment systems division, plans to retire this year.
February 3 -
Wells Fargo's tentative agreement to pay $1.2 billion to resolve claims by the Justice Department that it made shoddy FHA loans is bad news for other banks that are the targets of similar probes.
February 3
