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In attempting to advance a measure dealing with bank merger policy, the three Democratic board members at the Federal Deposit Insurance Corp. were really trying to "wrest control" of the agency, Chair Jelena McWilliams said in a Wall Street Journal op-ed.
December 16 -
Worker shortages at call centers and rising concerns about account fees may have contributed to the industrywide decline, according to the authors of a new J.D. Power study. Capital One, which scored highest, benefited from its strength in digital banking.
December 16 -
The Pennsylvania bank run by Sam Sidhu is updating its platform to support real-time payments for cryptocurrency companies and will offer embedded finance and banking-as-a-service to fintechs.
December 16 -
Morgan Stanley made sweeping changes to its employee benefits including increasing parental leave and allowing some employees to buy its stock at a 10% discount amid intense competition for talent.
December 16 -
Citigroup told staffers in the New York City metropolitan area to work from home again through the holidays if they are able, citing the recent rise in COVID-19 cases in the region.
December 16 -
The tax preparation company, which is building out its own financial services business, says Square's new brand "would improperly capitalize on the goodwill and consumer trust cultivated by [H&R] Block since 1955."
December 16 -
Experts discuss the latest ways firms are defining their value propositions and evolving their customer communications, experience and support.
December 16 -
Kabbage and other firms are extending credit to fund higher salaries at the small merchants that are struggling to hire new employees.
December 16 -
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The Louisiana-based Home has agreed to pay $66.6 million for the $445 million-asset bank.
December 15 -
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FNB Bank in the hard-hit community of Mayfield lost its headquarters during the catastrophic storms. It and other financial institutions are aiding local residents who are now taking stock of the damage.
December 15 -
An industry expert shares key takeaways on how institutions can implement sophisticated technologies to attract a younger generation of customers.
December 15 -
Experts discuss P2P payments, changing consumer needs and key industry trends in this Arizent Leaders forum interview.
December 15 -
Caroline Pham, a managing director at Citigroup, would fill one of two seats on the Commodity Futures Trading Commission reserved for Republican appointees.
December 15 -
Asenso Finance and a community development financial institution, the National Asian American Coalition, have developed a loan aimed at borrowers with limited credit histories. The underwriting relies in part on alternative data and borrowers are required to take financial literacy courses.
December 15 -
HUD official Alanna McCargo takes over the top job at the government corporation, which has had a series of acting leaders since 2017.
December 15 -
Join industry experts to explore how financial institutions can better prepare for future compliance issues associated with the evolving landscape.
December 15 -
Consumer Financial Protection Bureau Director Rohit Chopra has helped assert the authority of the three Democrats — including himself — who serve on the governing body of the Federal Deposit Insurance Corp. GOP lawmakers responded with a bill to strip the consumer agency's head of voting powers on the FDIC board.
December 15 -
The Biden administration faces a growing backlash on social media for refusing to further extend a moratorium on student loan payments.
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