New tech lets American Express instantly issue cards to immigrants
Sara Milsten, senior vice president of new member acquisition for U.S. Consumer Services at American Express
Newcomers to the U.S. tend to have a hard time getting credit cards because they lack credit history here. Amex has deployed technology from a fintech, Nova Credit, that could change this.

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Is the end of Libor a threat to financial stability?
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Concerns over banks' level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.

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Capital One's triple whammy
Capital One signage is displayed outside a bank branch in New York.
The credit card issuer, which recorded an 11% decline in net income last quarter, took one-time charges in connection with a U.K. sales scandal, the start of a new partnership with Walmart and a recent data breach.

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Regulators shutter banks in Kentucky and Ohio
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Louisa Community Bank and Resolute Bank were closed on Friday, raising the year's total to three failures.

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Home lending fintech Figure expands into student loan refis
Details on student loan refinancing at Figure
Figure Technologies, which has made $600 million in home equity loans in the past year, says its next move will be refinancing student loans.

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Capital One subpoenaed by N.Y., feds over taxi loans
Capital One branch
The company is under law enforcement scrutiny for loans that helped propel a boom and bust in the taxi medallion market in New York City.

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Nothing comes easy for CFPB in payday lending rule
CFPB Director Kathy Kraninger
The restriction on how often a borrower's account is debited was supposed to be relatively straightforward, but one lender is trying to fight that provision.

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JPMorgan Chase plucks fintech specialists from rivals
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The company has recruited bankers from Wells Fargo, Deutsche Bank and smaller firms to expand its corporate banking team that serves financial technology clients.

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The changing shape of bank-fintech partnerships
Bank account openings, via mobile devices
Startups are increasingly expanding into new areas with their bank partners in an effort to broaden their customer base and bring products to market faster.

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CFPB chief mentions payday 'research,' and heads turn
CFPB headquarters
A remark by Director Kathy Kraninger during a congressional hearing has renewed a fierce debate over how the agency uses academic studies to support rulemakings.

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