Consumers are back to their old spending and saving habits; Trump administration is encouraging financial innovation; some fintech firms could soon be regulated more like banks; and more from this week's most-read stories.
Consumer debt is at an all-time high. Should banks be worried?
As memories of the financial crisis fade, consumers are back to their old spending and saving habits — and that could be a big problem.
A community bank in Virginia thought the $2.4 million hackers stole from its customers would be fully covered by its insurance policy, but its carrier begged to differ. Their highly technical legal fight is a cautionary tale for all bankers who assume they are sufficiently covered.