Economy

Federal Reserve Chair Janet Yellen faced tough questions from lawmakers on Wednesday covering a range of issues, including small bank burden, executive compensation, and living wills at a hearing focused solely on banking regulation.

Nationstar will provide servicing-released option for fledging Chicago's MPF Government MPF program.

Luther Burbank Savings, in Santa Rosa, Calif., has established three home loan programs aimed at helping low- and moderate-income borrowers afford to buy homes in nine California counties.

Uber Technologies is drafting plans to offer banking services to its drivers as part of an effort to fend off ride-sharing competition, according to a report by Quartz.

While Texas has been among the strongest housing markets in the country over the past few years, the recent decline in oil and gas prices is affecting its housing market at a time when an overall sluggish economy can't pick up the slack.

Reimaging the digital experience for retail customers has been the rage for several years now, but a handful of companies are turning their attention to rethinking the digital experience for small business deposit accounts.

There is a time, a place and a customer base for pseudonymous cryptocurrency. For regulated financial institutions, other types of shared ledgers — those whose validators are legally accountable for certain terms of service — may provide unique utility.

WASHINGTON — The House Financial Services Committee debated a bill Tuesday to remove a key Dodd-Frank Act size test that subjects any bank with over $50 billion in assets to heightened rules.

Freddie Mac Chief Executive Donald Layton insisted Tuesday that the government-sponsored enterprise showed "very strong fundamentals" in the third quarter, despite reporting a $501 million loss due to an accounting mismatch with its use of derivatives.

Freddie Mac posted a third quarter loss of $501 million, its first quarterly loss in four years, but the government-sponsored enterprise will not request a draw from the U.S. Treasury.

Nearly two-thirds of small businesses create a formal plan for growth. But ISOs aren't always privy to the details.

Google, Amazon, Apple, PayPal and Intuit have joined forces to promote policies they say will foster greater innovation in financial services.

Revenue growth outpaced rising expenses at OnDeck Capital during the third quarter, allowing the fast-growing small-business lender to turn a profit.

Though the deadline for compliance is more than two years away, lenders are already warning that they do not have enough time to comply with a new rule that requires institutions to report additional data to regulators on home loans.

Banks undergoing annual Federal Reserve assessments should feel emboldened to challenge "matters requiring attention," and the Fed should hear them out.

Los Angeles-based marketplace lender AssetAvenue has named a new chief executive.

The Federal Reserve Board issued a proposal Friday to require the largest and most systemically risky banks to issue additional capital and unsecured debt to absorb losses in a failure, a move that experts say could ultimately make the banks less complex and easier to resolve in a crisis.

Now the question is: will online portals become a significant source of financing for U.S. small businesses, or will red tape get in the way?

Apple Pay hasn't gone too far with consumers in its first year, but it has nevertheless established a solid footing with merchants, banks and two generations of its own handsets. And Apple has many powerful rivals that are eager to surpass it.

The administration apparently intends to leave office without addressing Fannie Mae and Freddie Mac's capital bases and therefore the tight credit conditions.