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While some policymakers are open to accommodating fintech companies with looser oversight compared with banks, the New York State superintendent is unapologetic about her tough approach.
July 14 -
The FDIC’s inspector general criticized how vacancies were announced and how applications were reviewed for openings in the Division of Resolutions and Receiverships.
July 14 -
Distressed-mortgage investors are descending on troubled Puerto Rico. What’s luring them is the opportunity to scoop up home loans and foreclosed properties for pennies on the dollar.
July 14 -
The concept of digital payments doesn't often cross paths with the concept of robots moving autonomously through our world. But in a few cases, robots have been created to handle payments and deliver goods.
July 14 -
JPMorgan Chase Chief Executive Officer Jamie Dimon, fresh from a work trip overseas, unloaded on everything that's holding U.S. businesses back.
July 14 -
Wells Fargo's new car loans dropped by almost half in the second quarter, while its automotive portfolio fell to the lowest level in two years after the San Francisco-based company tightened underwriting standards.
July 14 -
As NCUA continues work on creating another avenue for building capital, credit unions need to bone up on what the different terms mean and the potential impact.
July 14
CUNA Mutual Group -
Business lending rose 6% at the Pittsburgh bank, while consumer lending was largely flat.
July 14 -
Citigroup's bond traders and investment bankers are closing in on their rivals at JPMorgan Chase.
July 14 -
Readers slam credit unions’ ever-inclusive membership criteria, weigh in on the OCC’s proposed fintech charter, encourage a rewrite of the CRA, and more.
July 14 -
JPMorgan Chase, Citigroup and Wells Fargo release earnings Friday; Cordray says acting comptroller’s claim that new consumer agency’s rule endangers banks has “no basis.”
July 14 -
The number of channels consumers use to pay their bills is unlikely to decrease anytime soon, so billers that are able to check off every bill payment channel will enjoy a competitive advantage, writes Jim Lester, senior vice president of product management and strategy for biller solutions at Fiserv.
July 14
Fiserv -
The industry and GOP lawmakers face short time frames and other challenges in trying to repeal the Consumer Financial Protection Bureau's arbitration rule.
July 13 -
A community bank gets taken to task by the Equal Employment Opportunity Commission. Tennis player Andy Murray makes his mom — and lots of other women — proud at Wimbledon. Also, the Bank of England's Charlotte Hogg and Morgan Stanley's Naureen Hassan.
July 13
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What's more, loan officers' pay has dropped. At work behind these surprising trends is a blend of economic forces, technological change and pressure on banks and credit unions to pay entry-level employees better.
July 13 -
Artificial intelligence can help wealth managers serve clients better, but some say the technology is too immature to be useful right now.
July 13 -
What's more, loan officers' pay has dropped. At work behind these surprising trends is a blend of economic forces, technological change and pressure on banks to pay entry-level employees better.
July 13 -
Federal Reserve Chair Janet Yellen said the central bank is prepared to issue further enforcement actions against Wells Fargo for its account scandal if “appropriate.”
July 13 -
Tech-savvy mortgage broker Sindeo is back in business, following an acquisition by Renren, a Chinese social media company and an investor in U.S.-based fintech firms including Social Finance and LendingHome.
July 13 -
British bank to pay $5.5 billion to settle mortgage issues, but faces Justice Department fine; Payments company offers restaurants $10,000 to stop accepting cash.
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