Banking

Officials of the National Association of Realtors were ecstatic about the Federal Housing Administration's lower owner-resident requirements for condo loans – until they read the fine print.

A community banker on the president-elect's economic advisory council says none of his tax reforms target the mortgage interest deduction.

Banc of California in Irvine has delayed filing its third-quarter 10-Q as it continues to probe purported improper transactions that may have involved directors and senior executives.

Mobile phones are only going to become a bigger part of how banks interact with their customers, so several institutions are looking to enhance that experience. They are focusing on better ways of opening accounts, verifying identities, interacting with customers and offering new services and features. Here are some of the improvements announced this year.

Dover Federal Credit Union, Dover, Del., is joining a growing number of companies across the Blue Hen State to designate special parking spots for veterans of the U.S. military.

The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: A record Single's Day; Pinterest adds reviews to boost payments; India's ATM crisis; banks build an AML blockchain.

While remittances may pose higher risks than services like bill pay, they are absolutely necessary in an age of unprecedented migration. It's high time state and federal regulators update the rules to help inspire banks to re-risk.

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.

The Federal Trade Commission filed a lawsuit against NetSpend on Thursday, alleging that the prepaid card issuer deceived consumers in its advertising.

CEO Tim Sloan, who took over from John Stumpf last month as the bank tries to put a phony-accounts scandal behind it, apologized to employees who may have faced such retribution.

Midland States Bancorp in Effingham, Ill., has launched an efficiency push after a period of expansion that reached another milestone Thursday.

The bank's decision, announced Wednesday is an indication many in the industry believe the rule isn't going away, despite speculation that the incoming Trump administration could delay or kill it.

Citigroup has made some of its application program interfaces available for third-party developers.

The historic election has presented an opportunity for a comprehensive overhaul of the housing finance system after eight years of gridlock.

Banks have been waiting on Justice Department guidelines on how to make their websites compliant with the Americans with Disabilities Act, but many are being advised to take action now or face lawsuits from disabled customers.

Goldman Sachs' latest class of partners includes 19 women, which is as high as that number has ever been; a Trump adviser says Janet Yellen isn't going anywhere, for now; and what the election taught us about the depth of the gender divide. Also, Thasunda Duckett, Margaret Keane and Christine Lagarde.

The president-elect's policies on taxes, offshoring, surveillance and other issues will affect bank technology officers and their vendors in a variety of ways. The positives may slightly outweigh the negatives.

Bankers can't start spending their tax cuts under the Trump administration yet because there are so many X factors — including what exactly the new president would seek to steer through Congress. But they sure have fun thinking about what they'd do with the billions of dollars in savings that are possible.

A Trump presidency might very well accelerate recent efforts to adapt banking regulation to the rise of fintech.

Meta Financial in Sioux Falls, S.D., has agreed to buy the tax advance and consumer lending business of Specialty Consumer Services in Hurst, Texas.