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The lawsuit against Navient Corp. demonstrates that despite the recent appointment of more industry-friendly regulators in Washington, financial services companies still face significant legal threats from state capitals.
October 5
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Equifax Inc. has seen no evidence that the cyberattackers who got access to sensitive information on 145 million U.S. consumers worked for the company, former Chief Executive Officer Richard Smith said.
October 5
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The world of short-term lending was shaken up Thursday as one regulator issued a rule cracking down on payday loans while another made it easier for banks to offer an alternative product.
October 5
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American Banker’s Most Powerful Women in Banking and Finance gathered Wednesday to celebrate honorees and to mix and mingle over cocktails at Milk Studios, with a panoramic view over Manhattan.
October 5
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Metropolitan in N.Y. plans to use its IPO proceeds to fuel CRE and commercial loan growth
October 5
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While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.
October 5
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Small-business credit is poised for a shakeout. In the coming months, partnerships between banks and fintechs will increase, and credit models will be refined.
October 5
Celent -
The company will pay $66 million for the parent of BloomBank.
October 5 -
The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many banks and credit unions don't know it exists.
October 5
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At 1.56%, the delinquency rate on consumer loans remains well below historic averages, the American Bankers Association said Thursday.
October 5
