-
The Department of Justice announced a $4.9 million settlement Tuesday with CommerceWest Bank of Irvine, Calif., over charges that the bank knowingly worked with a third-party processor making illegal withdrawals from consumer bank accounts.
March 10 -
The Consumer Financial Protection Bureau needs to improve its practices related to employee diversity and the inclusion of women, according to a report issued this week by the Office of the Inspector General of the Federal Reserve.
March 10 -
Banks can expect to incur higher costs in several areas during the implementation of a settlement agreement to improve the accuracy of credit reports. But they might benefit in the long run by getting better information on borrowers.
March 10
-
A coalition of midsize banks is preparing to oppose a bill eliminating a key Dodd-Frank Act threshold unless the language is further tweaked.
March 10 -
Federal Reserve Chair Janet Yellen, who has voiced concern over proposals to increase congressional influence over U.S. monetary policy, will meet with the powerful chairman of the Senate Banking Committee on Tuesday.
March 10 -
Thomas Depping would have been content to keep making small-business loans through his Houston-area bank, but regulatory pressure led him to give up his charter and form a nonbank lender with the same business model.
March 10 -
Lawmakers supported the credit union tax exemption at an industry conference on Tuesday, downplaying efforts to take another look at the issue this year as part of comprehensive tax reform.
March 10 -
Lucrative sale of a subprime lending unit. Big credit card deal. Clear business plan. It's looking like a good year for Citi provided it passes the CCAR stress test this week and fills a key executive post.
March 10 -
Seeking a uniform process for card-not-present transactions in the Single Euro Payments Area throughout Europe, the European Payments Council has created a blueprint for an interoperable card and terminal infrastructure.
March 10 -
The Subsidy Reserve Act would bring into the open the financial benefits of being "too big to fail" benefits the big banks claim to be nonexistent.
March 10
