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WASHINGTON NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans.
February 10 -
Mozido LLC is buying its way into China, giving it a head start as big companies like Apple also eye the country's payments market.
February 10 -
A better way to deal with the "too big to fail" problem would be to impose higher capital requirements or to issue "rescue" bonds to bank investors.
February 10
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Fed Governor says initiatives in Congress would subject the central bank to dangerous political interference with little payoff in transparency or accountability.
February 9 -
The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product.
February 9 -
The Office of the Comptroller of the Currency is trying to send a clearer message to banks about potential red flags by removing low-level recommendations from its exam reports.
February 9 -
An admission of guilt would help investors make informed decisions about the validity of credit ratings and open up the rating business to healthy competition on the basis of quality.
February 9 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week.
February 6 -
Protests by community groups and now a public hearing threaten to delay the completion of CIT's acquisition of OneWest Bank. The deal will probably get approved, and it might not get delayed too long, but all those "probablys" and "mights" are what make the proponents of more big M&A queasy.
February 6 -
The head of the Federal Communications Commission is pushing hard against charging fees for faster Internet access, a stance that's a relief to businesses like Dwolla that use the Internet to develop and deliver payment services.
February 6
