Why Scotiabank is building 'digital factories'
Shawn Rose of ScotiaBank
The Toronto-based bank has hired 1,200 people across five countries in North and South America to focus on digital features.

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'Absolute scam': Complaints about credit monitoring plans flood CFPB
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Regulators have long warned the credit bureaus about deceptive marketing that causes consumers to sign up unwittingly for paid monitoring services. But the practice has persisted, according to complaint data.

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Bank of America's Merrill Edge goes to zero-dollar trades amid price war
Exterior of Bank of America Merrill Lynch building.
The move follows similar offers from other major brokerages in the last two weeks, as the wealth management industry races to woo clients with the lowest-priced products possible.

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A survival guide for small regionals
Midsize players like BankUnited, BOK and Fulton Financial plan to rely on selective M&A, catering to niches overlooked by big banks, aggressive recruitment of commercial lenders and other strategies to stimulate revenue growth.

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OCC lacks legal power to create fintech charter, court rules
OCC building
The judge sided with the New York State Department of Financial Services, which had sued the OCC over the proposed charter.

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Banking charter remains a long way off for fintechs after court ruling
Office of the Comptroller of the Currency
A regulatory cloud still follows fintech companies following a judge's decision throwing out the Office of the Comptroller of the Currency's special-purpose charter.

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Regions set to replace core deposit system
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The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans.

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14 years after Walmart, banks face a new ILC bogeyman
Rakuten
The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks.

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What Supreme Court case means for CFPB's future
Brett Kavanaugh
Will the justices go further than answering constitutional questions about the bureau's leadership structure?

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Don't mess with rules curbing derivatives risk
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A regulatory proposal to ease the initial margin buffer on certain derivatives trading could be harmful to the economy.

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