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Proposal would simplify the rule prohibiting proprietary trading; Fiat Chrysler, which accounts for about a third of the unit’s business, may go solo.
May 31 -
Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.
May 30 -
It's gotten a lot harder to borrow money from the raft of fintech firms looking to bring online lending into the mainstream.
May 30 -
A broader cross-section of hires and added training could help financial institutions avoid problems with algorithm-based discrimination in lending.
May 30Davis Wright Tremaine -
Just two months ago, Comptroller Joseph Otting seemed to signal that the OCC might be open to letting national banks rent their charters to payday lenders. Now he is clarifying that it won’t happen.
May 29 -
An OCC initiative to get more banks to make short-term loans that rival those of payday lenders isn't enough of an enticement.
May 29 -
Comprehensive analysis of the banking industry's first big legislative victory since the crisis; lawsuits target banks with websites in violation of the Americans with Disabilities Act; what a homegrown app for millennials has to teach Wells Fargo; and more from this week's most-read stories.
May 25 -
While industry officials welcomed a bulletin from the Office of the Comptroller of the Currency encouraging banks to develop alternatives to payday loans, they are making no commitments to offer such products.
May 24 -
The economy has been expanding for nine years, but one credit union economist believes the tide could be about to turn – and soon.
May 24 -
The NCUA board is considering adding as many as two additional payday alternative loan options for credit unions, and regulators have clarified a rule on severance claims after involuntary credit union liquidations.
May 24