Acting Comptroller of the Currency Keith Noreika on Monday gave a ringing endorsement to online lenders seeking to expand into banking, suggesting they should consider taking deposits and seek out national bank charters as they mature.
A year ago, then-Wells Fargo CEO John Stumpf testified before two committees. It went so poorly Stumpf later resigned, and the bank is still struggling to repair the damage. Here's how Equifax CEO Richard Smith can avoid the same fate.
Equifax observed an increasingly well-worn ritual of scandal-ridden firms by jettisoning CEO Richard Smith: apologize, promise to do better in the future, and sacrifice your top executive in the hopes it will ward off action by Congress and regulators.
New York State Department of Financial Services
The Fearless Girl sculpture represents much to many. For Maria Vullo, superintendent of the New York State Department of Financial Services, it is a reminder of herself as a girl finding her voice and as an adult using her voice to fight for what she believes is right.
In our Most Powerful Women rankings, you'll read about a lot of impressive female leaders. But there are still more standouts we'd like to introduce you to. These five offer proof that big changes are possible in just a short time.
The Consumer Financial Protection Bureau’s final rule on arbitration clauses may be bad news for alleged corporate wrongdoers like Equifax and Wells Fargo, but surely for the victims of such wrongdoing — and for consumers, generally — it is good news indeed.