PPP lenders nearing $10B asset mark fear regulatory nightmare
Several community banks are warning Congress that their participation in the Paycheck Protection Program could cause them to cross a threshold that may lead to, among other things, supervision by the CFPB and a cap on interchange fees.
Banks, consumer groups both got what they wanted in 'mini-CFPB' bill
The California plan to create a new, tougher state regulatory agency is at the finish line after lawmakers agreed to key exemptions for banks while maintaining strong enforcement measures for payday lenders and other firms.
Why Visa and Mastercard are suddenly keen on installment lending
The card networks, along with PayPal and Citi, are responding to competition from the likes of Affirm, Afterpay and other "buy now, pay later" lenders. Should traditional credit card lenders be worried?
Four bankers of failed thrift charged with helping client embezzle funds
The Justice Department alleges that the bankers worked with "higher-ranking bank officials" at Washington Federal Bank for Savings in Chicago to falsify records and hide funds before the bank's December 2017 collapse.
Chase launches its first Mastercard-branded consumer credit card in 5 years
Visa and JPMorgan Chase & Co. are in the middle of a 10-year merchant services agreement that gives Chase merchants certain advantages with the expected goal of favoring Visa card volume. But it's not an exclusive arrangement.
The community banker at the center of the mail-in voting fracas
Mike Duncan had kept a low profile as chairman of the U.S. Postal Service's board of governors until it hired Louis DeJoy as postmaster general. Now he is sharing an unwanted spotlight with the embattled DeJoy.
Some workers have thrived while working remotely but others miss the social interaction of an office, and the recent surge in coronavirus diagnoses means employers will be facing these challenges well into next year.
From the industry's extraordinary response to the coronavirus outbreak to Citigroup promoting Jane Fraser to CEO, these are some of the storylines that defined banking in 2020. First in a two-part series.
Community banks that were pushed past key asset limits by the Paycheck Protection Program say they will be unable to shrink their balance sheets back to normal size by the 2022 deadline, especially if there is a new round of rescue aid.