Retail & Commercial

While it is true that more consumers complain to the Consumer Financial Protection Bureau about their mortgages, the data still reinforces the idea that overdraft fees are more high-cost credit than protection.

American Banker readers share their views on the most pressing banking topics of the week. Comments are excerpted from reader response sections of AmericanBanker.com articles and our social media platforms.

PayPal Holdings Inc. said federal regulators are investigating the company's Venmo free peer-to-peer payment service in connection with potential unfair trade practices.

The Consumer Financial Protection Bureau will propose changes in late July to its mortgage disclosure rule to provide "greater certainty and clarity" to the mortgage industry.

KeyCorp will sell 18 branches as part of an agreement with the Justice Department and the Federal Reserve Board to complete its purchase of First Niagara Financial Group.

Green Bancorp in Houston says it has developed a strategic plan to eliminate its energy loan exposure.

The American Bankers Association is laying the legal basis for a lawsuit to challenge Congress' decision to cut dividend payments made by the Federal Reserve to its member banks.

CIT's bread-and-butter business — commercial banking — weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?

A ninth-grader challenges Bank of America's CEO; the San Francisco Fed has a lot of interest in fintech; FinCEN's Jennifer Shasky Calvery is leaving, possibly for a banking job; Wells Fargo's Secil Watson talks up a new biometrics option; and Sallie Krawcheck appreciates Carla Harris' career advice. Plus, Kelly Ripa and the 49ers.

Bank of New York Mellon and Northern Trust are charging money market investors more fees after previously cutting them major breaks in the low-rate environment.