Organization Root Tag

JPMorgan Chase, SunTrust and PNC are pressuring outside counsel to get more women and minority lawyers to represent them in court even at the risk of alienating the big, traditional law firms that they have done business with for years.

The bureau announced the creation of the Global Financial Innovation Network for regulators to discuss joint policy work and offer a cross-border product testing process.

The mortgage giants Fannie Mae and Freddie Mac would have to draw as much as $78 billion in the event of a serious economic crisis, according to stress test results released Tuesday by the housing regulator.

The biggest impact may be to focus the administration’s efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January.

Shoppers using the retailer’s namesake and Hollister apps will be able to select the popular payment platform as an option when checking out

The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.

UniCredit SpA stopped using Facebook Inc. for advertising, alleging the media giant hasn’t acted ethically, a move other large companies have also threatened to make.

The agency’s decision to offer special-purpose charters for fintech companies raises questions about how those institutions will be overseen and the risks they could pose to the system.

But data privacy is likely to deter banks from partnering with the social media company; the online listings company wants to "reshape" the market.

Zillow claims 35 million renters visit its websites and mobile apps each month in search of a home or apartment. This network of landlords and renters has been built off the back of listing property values, real estate sales, taxes paid, photos and more for homes, condos and apartments.

The bank's predicament suggests that the Trump administration's hard-line stance on immigration can cause headaches for financial institutions.

The unnamed customer, who was on a list of suspects involved with weapons of mass destruction, used an HSBC credit card to make 12 payments in the second quarter, the company told shareholders Monday.

Facebook is seeking customer data from big banks. Executives say it's not clear what the benefit would be, but the drawbacks are easy to tally.

The bureau wants to encourage more innovation without the threat of enforcement, but observers say regulators also need a testing ground to prove they can regulate fintech.

The state became the first in the country to ask federal regulators for a temporary waiver, citing a shortage of available appraisers.

The central bank's survey of loan officers said banks are easing their credit standards for commercial and industrial loans as competition heats up.

Wells Fargo estimates that in 400 instances, borrowers later went through foreclosure who were improperly denied or not offered a mortgage modification.

Clara Green will head the Diversity and Inclusion Center of Expertise at the Alabama bank.

The partnership targets home improvement and some health care merchants that accept American Express. These merchants will be able to drive more sales by providing financing options for large purchases.

Banks aren’t the only ones that need to keep pace with digital innovation — government agencies must also work to stay relevant.