Retail & Commercial

Instead of fighting to own customer data, banks need to embrace a new model: becoming personal data banks that help customers do more than manage money.

The Federal Reserve Bank of New York’s latest Survey of Consumer Expectations reveals that consumers’ earnings and household income expectations for the coming year declined slightly from April to May while credit availability perceptions compared to last year and the coming year remained unchanged.

Debt collectors, credit card companies and mortgage lenders have borne the brunt of the Consumer Financial Protection Bureau's public enforcement actions over the past four years, yet banks have paid the most in penalties and restitution, according to a new study released by an agency insider.

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

WASHINGTON — Congress may end up revisiting a long-fought battle over debit interchange fees after Rep. Randy Neugebauer, R-Texas, introduced legislation Tuesday that would eliminate current caps that were part of a contentious addition to the Dodd-Frank Act.

Bank of the Ozarks in Little Rock, Ark., has launched a subordinated debt offering that was well telegraphed to the market but that is smaller than some had anticipated.

The FTC and the Florida Attorney General’s office have charged a web of related defendants with bombarding consumers with illegal robocalls in an attempt to sell them bogus credit card interest rate reduction and debt relief services.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

Renaud Laplanche, the LendingClub founder who stepped down as its leader in a shakeup last month, sold off part of his stake in the company, according to a regulatory filing.

A growing number of marketplace lenders and other fintech companies say they no longer use FICO scores or are using them in a limited way. The open question is whether their alternative methods will be more effective.