Compensation
Compensation
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Despite assurances by Director Kathy Kraninger that the agency is cracking down on discrimination, it hasn't sent a Department of Justice referral on a fair-lending violation in two years.
December 16 -
Chris Maher, CEO of OceanFirst Financial, shares how employees’ roles have already changed and his bank’s efforts to help them navigate AI and other emerging technologies.
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Fintechs want access to customers’ financial data, but banks are resisting, on security concerns; Deutsche Bank may cut bonus pool 20% after 14% drop last year.
December 16 -
Mike Mercer had planed to work as part of the combined League of Southeastern Credit Unions until a least 2023, but recently approached the league's board with an early retirement request.
December 13 -
From appointments to prestigious committees to new members of the executive team, local honors and more, here are some of the latest personnel moves from across the industry.
December 12 -
The rapid pace of technological change will force financial services companies to invest in more efficient digital offerings for clients, eliminate jobs and retrain staff to focus on higher-value work, according to an Accenture report.
December 12 -
The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.
December 12 -
JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.
December 11 -
The Wall Street bank to shed 1,500 spots ahead of an uncertain 2020; smaller and regional banks are lagging behind but expect to increase their focus next year
December 10 -
BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.
December 9 -
BMO Harris Bank in Chicago recently became the first financial institution to offer a Mastercard that allows transgender and nonbinary people to use their preferred names. Members of that community often experience disproportionate financial hardship, in part because of employment discrimination.
December 9 -
The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.
December 9 -
Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest.
December 6 -
The National Credit Union Administration recently made it easier to hire job applicants with small criminal offenses in their past, but some in the industry still have concerns.
December 6 -
In some cases bankers' willingness to close branches and cut staff is a testament to their company's strength.
December 5 -
The CFPB has promised an equal-access rule for small-business lending for nearly a decade. But Apple’s recent discrimination inquiry into its credit card could force the agency’s hand.
December 3 -
The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.
December 3 -
The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.
December 3 -
The bank will continue to hold cash in sweep accounts until 2031, although at a lower rate; capital requirements could lead big banks to hold off lending.
November 27 -
Democratic Senators Elizabeth Warren and Sherrod Brown want the Consumer Financial Protection Bureau to examine allegations of bias against women who applied for an Apple credit card underwritten by Goldman Sachs.
November 26


















