Economy

To tackle alternatives to payday lending, regulators and the industry should consider these three ideas for pilot programs instead of the Consumer Financial Protection Bureau trying to fix what it cannot.

Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.

Several small and midsize banks generated large year-over-year loan growth despite a belief by some outsiders that a slowdown was looming. Bankers may have to spend coming months assuring investors that they can keep booking loans while adequately managing risk.

WASHINGTON — Michael Wilson officially assumed the titles of president and chief executive of the merged Federal Home Loan Bank of Des Moines on Monday, a little sooner than expected.

Community banks are at a crossroads as they face a threat from alternative lenders and the need to stay true to the traditional bank model. What they should do?

The heat of battle can forge some unlikely bonds, as demonstrated by MasterCard and Western Union’s collaboration with the four-year-old mobile financial service provider bKash, giving the incumbents a foothold in omnichannel payments and making them a bigger threat to other newcomers.

Senate Banking Committee Chairman Richard Shelby, R-Ala., is seeking input from the Government Accountability Office and the Congressional Budget Office on the future of policies dealing with Fannie Mae and Freddie Mac.

WASHINGTON — Several Democratic senators are calling for the Government Accountability Office to investigate whether financial technology companies are properly regulated.

Carver Federal Savings Bank in New York announced a loan program for small businesses on Monday.

Minneapolis Federal Reserve Bank President Neel Kashkari on Monday expanded on his views about the state of financial regulation while casting doubt on the "total loss absorbing capacity" concept for bailing in failed banks.

The idea of financial institutions resembling utilities has caught on with some industry observers for reasons other than reducing systemic risk.

The National Association of Realtors is teaming up with a coalition of environmental groups, taxpayer advocates and insurance companies to push Congress on flood insurance reforms.

The Chargent payment processing software on the Salesforce AppExchange has integrated with Bank Centric Payments to create a new gateway option and bolster “real time” transaction processing.

Dime Community Bancshares has agreed to sell its headquarter building in Brooklyn for $12.3 million.

Freedom Mortgage of Mount Laurel, N.J., has agreed to pay $113 million to settle government allegations that it failed to comply with Federal Housing Administration requirements for originating and servicing FHA-insured loans.

The Department of Housing and Urban Development is continuing to reject calls to slash the annual premium for the Federal Housing Administration despite a renewed push by the National Association of Realtors. But some predict the FHA may eventually cave in.

The $5 billion settlement between Goldman Sachs and the Department of Justice sounds significant, but here's why it's not real accountability.

The National Credit Union Administration quietly announced Thursday a meeting to discuss a reproposed executive compensation rule — one of the last and most important unfinished regulations in Dodd-Frank.

Democratic presidential hopefuls Bernie Sanders and Hillary Clinton both emphasized during a late Thursday debate that they are prepared to break up megabanks that pose a systemic risk to the U.S. economy, but also showed there are differences in how they approach "too big to fail."

Even while the FHFA finally embarked on a principal reduction plan, critics argued it was a dangerous idea that made Fannie Mae and Freddie Mac less safe while helping relatively few people.