Financial institutions

In an exclusive survey of bankers nationwide, American Banker found that regulatory relief and ensuring fintech companies faced banklike rules were the two top priorities for the industry this year — while taxing credit unions and restructuring the CFPB took a back seat.

College Ave Student Loans, an online lender in Wilmington, Del., announced Thursday that it has raised $20 million in equity financing.

WASHINGTON – Large banks will simulate their ability to weather both deflation and a recession among the annual economic scenarios provided by the Federal Reserve Board on Thursday for the central bank’s 2016 stress tests.

Presidential candidates' arguments to stop the Federal Reserve from paying interest on banks' excess reserves betray a poor understanding of monetary policy and why the Fed began the practice. Here's why.

Chargeoffs jumped 13% at the Dallas lender, and its warning that they could increase further because of deterioration in subprime auto lending set off alarm bells about the broader consumer finance market.

Banks that prioritize structural changes in their compliance process will make risk frameworks more effective and sustainable over time.

American International Group’s announcement Tuesday that it plans to split off its mortgage insurance business takes the prospect of a broader breakup off the table in the short term, but some observers think the firm may still break itself up eventually.

American International Group announced $3.6 billion in new costs to fill a reserve shortfall and said it will hold an initial public offering for its mortgage insurer and sell an adviser network as Chief Executive Peter Hancock seeks to boost returns and protect his job after criticism from activist investor Carl Icahn.

Bank of New York Mellon has become a big believer in reverse mortgages, particularly home equity conversion mortgages insured by the Federal Housing Administration.

Regulators and alarmists are targeting a key source of financing on which some of the best-known American companies rely.

The way the Consumer Financial Protection Bureau is regulating the auto finance industry's relationships with dealers is simply wrong — both legally and ethically — according to Blair Evans of Baker Donelson. It's also directly counterproductive to its goal of protecting consumers, she says.

Progressives' push for a more drastic overhaul of the industry ignores post-crisis changes that have had an undeniably positive effect.

Opus Bank in Irvine, Calif., is the latest bank to partner with an online lender, announcing an agreement Thursday to refer certain small-business customers to OnDeck Capital.

LendUp, which makes subprime consumer loans online and over mobile phones, announced Wednesday that it has raised $50 million in equity funding, plus an additional $100 million in debt financing.

BlueVine, a Palo Alto, Calif., firm that is aiming to modernize the invoice-financing business, announced a new fundraising round on Wednesday.

LoanHero, an online lender specializing in consumer loans at the cash register, announced that it has raised $2.5 million in seed funding.

Online lenders like Aprenita, Payability and Pollen VC have all launched within the last 13 months to fill a need they say is not being met by traditional banks, and only partially by venture capitalists and invoice-financing companies.

International events like the Davos economic forum should remind business leaders of the importance of being stewards and of having workforce diversity.

An international regulatory body said this week that they are looking at setting new, enhanced leverage ratio requirements for the largest global banks, a move that echoes the higher standards in the U.S.' supplemental leverage ratio and demonstrates why going beyond international accords can influence the rest of the world.