2020-05-21
The FHFA says the two government-sponsored enterprises need at least $240 billion of capital before they can go private; Transunion says more than 3% of consumer loans it tracks are in financial hardship.
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2020-05-21
Jennifer Roberts, the company's head of business banking, details a process to have units work one-on-one with customers to get Paycheck Protection Program funds deployed faster.
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2020-05-20
Lawmakers are working to head off a wave of pandemic-related personal credit downgrades. But there are bigger problems with how credit risk is assessed that are harder to solve.
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2020-05-20
The comptroller of the currency, expected to step down Thursday after two and a half years on the job, ruffled feathers and won some fans in pushing through CRA reform, cutting costs and trying to reshape the agency’s examiner culture.
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2020-05-20
The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen.
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2020-05-20
The global e-commerce site is rolling out a suite of banking tools for its growing U.S. user base later this year that will help them bank and manage their businesses all in one spot.
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2020-05-20
With the pandemic fueling anxiety about public transportation and dense urban offices, financial firms in Manhattan are looking elsewhere for space to let workers spread out and avoid commuting into the city.
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2020-05-20
The much-anticipated proposal, which would not go into effect until after Fannie Mae and Freddie Mac are privatized, reflects Director Mark Calabria’s aggressive efforts to get the companies on a strong financial footing.
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2020-05-20
Four federal agencies offered guidance Wednesday on how to offer products that compete against payday loans without incurring Washington's wrath.
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2020-05-20
The Toronto company is testing new software from Cinchy that lets its technology teams visualize how datasets spread across departments might work together to make client referrals or collaborate with fintechs.
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2020-05-20
The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.
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2020-05-20
Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.
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2020-05-20
By James M. Berent, Esq.Bernstein-Burkley Kit F. Pettit, Esq.Bernstein-Burkley With nearly everything being impacted by COVID-19, it’s not a surprise that real estate taxes are also going to be affected.
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2020-05-20
The Small Business Administration gave lenders some direction for closing out Paycheck Protection Program loans. Bankers say it's an encouraging start, but they want more protection from liability and a concession on nonpayroll expenses.
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2020-05-20
Some staff will be sitting at different desks, and in some cases different floors, when they return to work, according to the memo sent to employees Wednesday.
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2020-05-20
The sellers will continue to service the loans and retain the fees they receive from the Small Business Administration.
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2020-05-20
Comptroller of the Currency Joseph Otting’s regulation reforming the Community Reinvestment Act lacks performance metrics criticized in an earlier proposal. But neither the FDIC nor the Fed is supporting the final plan.
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