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.
The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers say the bureau should have been more explicit as the nation wrestles with systemic racism.
An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.
Capping a series of appearances on Capitol Hill this week, the Federal Reserve chair and Treasury secretary emphasized that they don’t have the authority to reallocate CARES Act funds to assist small businesses on their own.