Economy

Gov. Jerry Brown’s administration sent letters Wednesday to 20 nonbank lenders that charge triple-digit annual percentage rates to try to determine if their use of online referrals is steering borrowers into larger loans than they want or need.

The student loan servicer called the move a "temporary step back" in what it had expected to be a lengthy process.

Terminal provider paycosmos has launched its "ISO in a Box" payment platform, saying the software provides everything an independent sales organization needs to support agents and acquire merchant contracts.

The House of Representatives passed two bills that would tie appraisal waivers for Small Business Administration loans to bank rules for commercial real estate loans, despite objections from the Appraisal Institute about its members being cut out of transactions.

Bank of America's Anne Walker and Anne Finucane share some advice for aspiring leaders looking to find a mentor.

As the House Financial Services Committee prepares to hold a hearing Thursday on oversight of the Federal Housing Finance Agency, the exact focus of the hearing remains somewhat in flux.

The bank seeks to answer the threat posed by disruptors with quick online loans and a card that rewards small businesses for more kinds of spending.

The senator’s bill to reform the 40-year-old law and expand housing investments could gain clout as Democrats look to pick up congressional seats and she eyes a presidential run.

Disruption in the banking industry has inspired the rise of some unconventional corporate titles. MUFG's Ranjana Clark talks about what it means to be a CTO and what new technology she thinks is most exciting.

HSBC's Julia Britton and Diane Reyes share the best advice they have for emerging leaders looking to work their way up to the senior ranks.

The legislation would help small-business owners better evaluate financing options by requiring updated disclosures.

Fiserv will buy the business, once known as Elan ATM and Debit Processing, for $690 million.

The STATES Act allows the industry to resolve conflicts between state and federal laws by granting legitimate cannabis companies access to the financial system in marijuana-legalized states, writes Heather Peterson Altepeter, CEO of the National Merchants Association.

A proposal to let certain thrifts operate like national banks blurs the line even further between the two institution types.

USAA will be eliminating 265 home sales and lending positions, but it already has offered nearly 100 of the affected workers different jobs within its mortgage unit.

The CEOs of Fannie Mae and Freddie Mac are stepping down because the job they were hired to do — return the GSEs to profitability — is done. But attracting top-flight candidates to lead the mortgage giants into a new phase may not be easy.

As the Cincinnati bank seeks to regroup after the fatal shootings at its headquarters, the incident underscores the need for preparedness at banks and credit unions of all sizes, workplace safety experts say.

European banks are testing rings, watches and bracelets that are linked to credit and debit accounts; European regulators appear keener on increasing competition than U.S. counterparts.

At Ally Bank — a pioneer in online banking — Diane Morais, president of consumer and commercial banking products, is in charge of fending off the competition.

Teresa Tanner expanded beyond her human resources role at Fifth Third to take on other duties. Her new responsibilities include fostering a culture of innovation.