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Lawmakers are taking a closer look at the company’s data collection practices and its work on cryptocurrency payments, raising the possibility of more action down the line.
May 17
American Banker -
The U.S. and Europe should continue to harmonize their banking rules, including for foreign banking operations, just as they did in the wake of the financial crisis.
May 17
European Banking Federation -
Financial advisory firm hopes to double in size in three years leveraging Goldman’s resources; bank had about £1 billion worth of orders.
May 17 -
Readers consider a Senate Banking Committee investigation into Facebook's use of consumer data, weigh the value of the CFPB's complaints database, debate legislation that would require big bank executives to testify before Congress annually and more.
May 16 -
National Credit Union Administration Chairman Rodney Hood’s testimony Thursday was reportedly the first time in three years the agency has appeared before the House Financial Services Committee.
May 16 -
The official told lawmakers Thursday that the research underlying the bureau's 2017 payday rule proposal did not support strict underwriting requirements of small-dollar loans.
May 16 -
Craig Phillips, who has been developing the Trump administration's plan to help free Fannie Mae and Freddie Mac from conservatorship, will leave Treasury next month.
May 16 -
Presidential candidates aren't talking much about banking now, but that's likely to change as the Democratic primary heats up.
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Democrats and Republicans on the House Financial Services Committee called for steps to minimize the harm to community banks and credit unions bracing for the new accounting standard.
May 16 -
Edward Rostohar, who was CEO of CBS Employees Federal Credit Union, could face up to 15 years in prison following a $40 million scheme that brought down the institution.
May 16







