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Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's numbers may do little to change their minds.
April 16 -
Expanding SBA funding and providing additional Community Reinvestment Act credit could help boost female entrepreneurs.
April 16
Invest in Women Entrepreneurs Initiative -
Comptroller of the Currency Joseph Otting took office only late last year, but he is wasting little time in tackling a series of hot-button topics, including easing anti-money laundering regulations and lowering national bank fees.
April 15 -
A 28% increase in lease assets helped offset stagnant growth in traditional auto lending.
April 13 -
Regulators should revise existing rules to encourage banks to offer short-term loans to customers who run into financial emergencies.
April 13
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Acting CFPB Director Mick Mulvaney took heat from Democrats on whether he planned to take the agency's consumer complaint portal private while responding to Republican fears that its data collection activities pose a data security risk.
April 12 -
As upstart companies mature, they face pressure to develop deeper relationships with their customers. That is leading some to offer to a wider range of products, including deposit accounts.
April 12 -
The Treasury Department’s long-awaited report on modernizing the Community Reinvestment Act was heavy on glittering generalities but light on specifics, which explains why the report punted the real job of making needed reforms.
April 12
K.H. Thomas Associates -
Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.
April 12 -
The government is pushing up mortgage prices to dangerous levels by easing credit standards in a market where supply is low but demand is high.
April 12
American Enterprise Institute’s Housing Center -
The consumer lender Oportun is rolling out a product designed to combat overdraft fees.
April 12 -
Critics argue that Community Reinvestment Act standards need to be more transparent, but creating more objective measures would require regulators to favor some types of loans over others.
April 11
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The Seattle bank's improved loan yields offset higher expenses tied to Bank Secrecy Act remediation. Washington Federal had to delay a pending acquisition after issues emerged with its anti-money-laundering compliance.
April 11 -
Questions about the CFPB’s structure, high-profile enforcement actions and the acting director’s rift with Elizabeth Warren could dominate two days of hearings on Capitol Hill.
April 10 -
For $29 a month, MoneyLion customers will receive a checking account with no minimum balance requirement and will have access to a large a network of ATMs, as well as low-interest personal loans and financial advice.
April 10 -
A $1 billion penalty being bandied about; Deutsche’s problems may be too big to eradicate.
April 10 -
Upgrade's new product, unveiled Tuesday, is aimed at consumers who are expecting a big expense but may not need to borrow all the money at once. Unlike a home equity line of credit, the loan can be approved in minutes because there is no need for collateral or an appraisal process.
April 10 -
The lawsuit, filed in the U.S. District Court for the Western District of Texas, alleges that the CFPB rule is "arbitrary, capricious, and unsupported by substantial evidence."
April 9 -
Comptroller of the Currency Joseph Otting laid out an ambitious regulatory reform agenda Monday, telling a group of community bankers that he is committed to CRA upgrades, new flexibility in BSA compliance and other measures.
April 9 -
Loosening lending standards can actually increase the odds that banks get sued for discrimination.
April 9


















