-
A bill moving through the California Legislature seeks to tame the largely unregulated world of online small-business lending. If passed, it would be the first of its kind nationally, but so far it has failed to satisfy either the industry or its critics.
June 12
-
An affiliate of MatlinPatterson will reduce its ownership to 48% from more than 60% after selling 8 million shares.
June 12
-
With the question of a federal charter still looming, Treasury's last report on changes to the financial regulatory system will focus on nonbanks and new tech startups.
June 12
-
Banks and startups compete for the same clients, as customers want one source for online checking and investment accounts.
June 12
-
The internet-only bank plans to offer businesses a way to quickly open accounts online.
June 12
-
Mick Mulvaney is gutting the consumer watchdog, and it bodes poorly for hardworking Americans.
June 12
Core Innovation Capital -
The largest U.S. labor federation is calling on Santander Consumer USA to end its practice of allowing car dealers to add interest to a vehicle loan unrelated to the borrower's creditworthiness.
June 12
-
Legislation with bipartisan support would raise the threshold for reporting suspicious activity, a goal banks have long sought.
June 12
-
Donegal Group and Donegal Mutual Insurance are selling the holding company for Union Community Bank in Lancaster County.
June 12
-
Only 15% of bank customers at Bank of America use its online investment platform, but the company expects that figure to increase as it opens branches in nine major cities.
June 12
