Latest for Feed
Updated: 5 min 59 sec ago
Sens. Elizabeth Warren, D-Mass and Mark Warner, D-Va., are set to introduce a bill that would force credit reporting bureaus to pay $100 per customer whose personal information was compromised.
The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.
The elimination of a key deduction that had worked as a cap on CEO salaries, combined with investor pressure to maintain performance incentives, could lead to an upward drift in compensation for top executives of many banks.
The House Financial Services Committee held a hearing on five bills, three of which are included in the deal negotiated between Senate Banking Committee Chairman Mike Crapo, R-Idaho, and moderate Democrats.
The company will pay $321 million for Crestmark Bank, a commercial lender that focuses on asset-based lending, equipment finance and government-guaranteed loans.
Examiners are sometimes critical if a bank does not file enough suspicious activity reports, rather than concentrating on the true riskiness of a bank's activities, according to lawmakers and industry representatives.
The Senate Banking Committee will have two additional members in 2018 as it adds Sens. Jerry Moran, R-Kansas, and Doug Jones, D-Ala.
Lower taxes mean more earnings, higher capital levels and perhaps a psychological boost for buyers.
The Boston mutual touted Deborah Jackson's role in promoting social justice and sustainability causes.
Despite impending data requirements, many small banks are still struggling with automating loan risk calculations.
Kodak’s latest moment has it joining the cryptocurrency frenzy.
Sen. Mark Warner, D-Va., said Tuesday that policymakers need to take a hard look at cryptocurrencies. Senate Banking Chairman Mike Crapo agreed the issue was ripe for a hearing.
J. Mark McWatters of the National Credit Union Administration will have no favorites among community financial institutions.
The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.
Calling the move "depressing," Chairman Ken Laroe said the decision to stop working with medical marijuana firms came after certain investors objected. Recent moves by the federal government cemented the call.
The company tapped a new president for the business, which it will also rebrand, after hiring a team from Scottrade Bank in Missouri.
Laurie Maggiano, the Consumer Financial Protection Bureau's program manager for servicing and secondary markets, died on Sunday.
Criticism of payday lenders is deserved and Congress should not throw out the CFPB's short-term lending measure.
Jamie Dimon, the JPMorgan Chase chief executive officer who earlier called the cryptocurrency a "fraud," said Tuesday he wishes he hadn't dismissed the technology in such broad terms.
A House bill would create a database to track true ownership of corporations; Wall Street regulator wants banks to improve disclosure of risks to consumers.