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Zions Bancorp. appears to have found a novel approach to escape the added requirements for banks above the Dodd-Frank Act's systemic $50 billion asset threshold, but other banks in a similar position are more likely to wait for Congress to address the issue rather than following suit.
November 20 -
Federal Reserve Chair Janet Yellen announced Monday that she intends to step down from the Board of Governors after her successor is sworn in when her term expires early next year, ending any speculation that she may stay on.
November 20 -
The report’s authors presented findings that seemed to reflect issues with the peer-to-peer lending industry, but they actually relied on data from a much broader category of loans.
November 17Upstart -
Improving gender equality could significantly boost growth in advanced economies over the coming decades, according to Citigroup Inc.
November 17 -
The federal banking regulators should create a working group that, rather than propose new rules and regulations, would clarify the application of existing rules to blockchain technology.
November 17Baker Donelson -
Readers weigh in on the departure of Richard Cordray, debate whether online lenders are akin to subprime lenders, offer praise of a community banker, and more.
November 16 -
Mick Mulvaney, President Trump’s Office of Management and Budget director, is being considered for interim director of the consumer watchdog after Richard Cordray steps down and until a permanent pick is confirmed.
November 16 -
The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.
November 15 -
The announcement by the head of the Consumer Financial Protection Bureau ends months of speculation about how long he planned to stay at the agency.
November 15 -
The announcement by the head of the Consumer Financial Protection Bureau ends months of speculation about how long he planned to stay at the agency.
November 15