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Companies using only a person’s name and not other identifiers to screen job and tenant applications can produce inaccurate information, according to the bureau. The agency's advisory opinion said such practices violate the Fair Credit Reporting Act.

Under the country's buyout rules, Carlyle now has until Dec. 2 to announce whether or not it will make a firm offer for the company.

Financial institutions say it would require them to overhaul their payments technology, deprive them of revenue and force them to pass added costs on to merchants and consumers.

As installment lending becomes more popular, regulators in the U.S., Europe and Australia are considering new restrictions or taking action against lenders.

Senior congressional Democrats are concerned that the Financial Crimes Enforcement Network — an arm of the Treasury Department — is dragging its feet on a rulemaking to require corporations to report their beneficial owners.

The $323 million acquisition would give the Indiana bank a presence in affluent Oakland County and in Ann Arbor and Grand Rapids.

OceanFirst Financial in New Jersey has agreed to pay $186 million to buy Partners Bancorp, which owns two banks that operate in the Washington suburbs and surrounding areas.

Daily edition for November 04, 2021

Digital upstarts like Square, Stripe and PayPal are invading community banks' turf by appealing to local merchants with a mix of electronic payments and lending. Small banks are fighting back by leaning into digital services while maintaining their personal touch.

Accrue Savings is introducing a savings account that is tied to specific retailers, allowing customers to gradually accumulate the amount they need to buy an item and earn cash rewards for making progress toward their goals.

The speed of money movement represents the future - success for those who deliver, challenges for those who don't

Federal Reserve Chairman Jerome Powell defended the central bank’s work to examine the effects of a warming planet on the financial system, but said decisions such as whether banks should lend to fossil fuel companies are best left to “elected representatives.”

The small Pennsylvania regional signed up four cryptocurrency services companies as customers this week. CEO Sam Sidhu says the bank's new platform is helping it win business in this highly specialized market.

Hunt, who joined the CBA in 2009, has been a vocal critic of the federal student loan program and the Consumer Financial Protection Bureau’s leadership structure. He plans to leave the trade group next summer.

The establishment of a climate risk division at the New York State Department of Financial Services is the latest in a series of moves by state and federal banking agencies aimed at requiring regulated companies to reckon with the impacts of global warming.

Acting Comptroller of the Currency Michael Hsu previewed but provided little detail about the “high-level … supervisory expectations” for large institutions. His statement was one of several by regulators to coincide with an international climate change summit.

The Burlington-based institution has extended its charter to provide services to all counties in Vermont.

Amid a spate of deals in 2021, community banks are actively recruiting from merging rivals that are focused on closing and integrating acquisitions.

New York and other states have been far ahead of federal policymakers when it comes to crafting a supervisory structure for cryptocurrencies. The recent White House report on stablecoins ignored their work, and that was a mistake.