Compensation
Compensation
-
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