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The Consumer Financial Protection Bureau is approaching supervision of debt collectors much like it did with mortgage servicers and auto lenders earlier this year, saying it plans to hold banks responsible for third-party actions.
July 14 -
JPMorgan Chase's leaders on Friday rebuffed questions about the widespread problems in their credit card debt collections operations and about what they are doing to fix them.
July 12 -
Satirical newspaper The Onion claimed that Federal Reserve Board Chairman Ben Bernanke is a big fan of "Pacific Rim," a movie about giant robots fighting giant monsters.
July 12 -
The CFPB is taking aggressive action against the debt collection industry, emphasizing it plans to hold banks responsible for third-party actions.
July 12 -
Andrew Olmem, a long-time staffer on the Senate Banking Committee, has joined the law firm Venable as a partner.
July 12 -
JPMorgan Chase, reporting a 31% increase in its second-quarter net income driven by investment banking, also reported that its credit-card business is stabilizing.
July 12 -
Eliot Spitzer wants to return to New York politics, and says he's gunning for the dual chairman/CEO roles at banks including JPMorgan Chase. CEO Jamie Dimon and others responded diplomatically on Friday.
July 12 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
July 12
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Bitcoin exchange Coinbase will offer instant purchases for users that supply identity information, with others having to wait four days for transactions to complete.
July 12 -
The Consumer Financial Protection Bureau finalized clarifications, which were first proposed in April, to its ability-to-repay and mortgage servicing rules Wednesday.
July 12
