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Sens. Elizabeth Warren, D-Mass., and Doug Jones, D-Ala., cited research that found algorithmic lending can lead to higher interest rates for minority borrowers.
June 12
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Several prospects, including JPM’s Gordon Smith, are reluctant to take on a thankless job; lower interest rates, quiet trading will yield disappointing results.
June 12
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With campaigning for the 2020 presidential election already underway, it could become increasingly difficult for the industry to move meaningful legislation through Congress.
June 12
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Recent legislation zeros in on letting financial institutions serve cannabis businesses in states where the substance is legal, but banks may stay on the sidelines if the federal ban on pot remains in place.
June 11
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The agency announced the series in April as an effort to encourage public dialogue on policy issues.
June 11
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The bipartisan House effort to delay the Current Expected Credit Loss standard comes less than a month after Republican senators introduced a similar bill.
June 11
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The top Democrat on the Banking Committee suggested the absence of data brokers at a hearing on privacy legislation was "cowardice."
June 11
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NCUA Chairman Rodney Hood met with President Trump while credit unions across the country announced a number of staffing changes and promotions.
June 11
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The president says the Fed is giving China a competitive advantage; bank stocks gained after tariffs on Mexican imports nixed.
June 11
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The number of mergers approved in the first quarter was down significantly but experts are unsure of how long that will last.
June 11
