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The industry continues to push for an overhaul of the bureau’s leadership structure, but both parties seem uninterested.
May 30 -
In stark contrast to his predecessor, C. Allen Parker said Thursday he accepts regulators' criticism and suggested that the bank may struggle to achieve revenue growth until it moves past its regulatory woes.
May 30 -
The payout resolves a 2017 complaint filed by a male employee who alleged the bank’s parental leave policy was biased against dads.
May 30 -
The industry is so worried that a proposed FCC rule could hamper communications with members that some trade groups are seeking help from an unlikely ally -- the Consumer Financial Protection Bureau.
May 30 -
Many banks have already scaled back home lending or even left the business. With profit margins shrinking, inventories of homes at crisis levels and competition from nonbanks intensifying, that’s unlikely to change.
May 29 -
A burgeoning trade war, the U.K.’s planned exit from the European Union and escalating tension between the U.S. and Iran have weighed on market sentiment in recent weeks, Citigroup CEO Michael Corbat said Wednesday.
May 29 -
Jelena McWilliams said federal bank regulators could begin "within a week or so" to discuss a draft proposal for reforming the Community Reinvestment Act.
May 29 -
Representatives of minority- and women-owned small banks from around the country met to discuss how to expand business opportunities.
May 29 -
More than 66% of the banks reported a jump in net income during the first quarter but new risks are emerging in interest rates and underwriting, the Federal Deposit Insurance Corp. said Wednesday.
May 29 -
Currently, the maximum a federal credit union can charge on most loans is 18%. But a proposal from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez to lower that to 15% on consumer credit could reduce access, experts said.
May 29