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Where Goldman, Citi, JPMorgan are putting fintech investment dollars

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Large U.S. banks are directing their venture capital dollars to fintechs in capital markets, wealth management and "future-proofing."

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CFPB poised to reinstate tough stance on payday lenders

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A recent statement by acting Director Dave Uejio is the clearest signal that the agency plans to revive strong underwriting standards that the Trump administration eliminated.

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Refi slowdown means no more 'lazy mode' for mortgage lenders

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Over the past year, bankers have been able to sit back and field calls from borrowers eager to take advantage of low rates. Now, with rates rising, many in the industry will likely adopt a more aggressive approach.

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H&R Block entering crowded field of challenger banks

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Six years after unloading its bank unit, the tax preparation chain wants to diversify by launching a digital account targeting low- and moderate-income households. How will it differentiate itself from upstarts like Chime, Varo and Green Dot?

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Two bankers banned from industry in closely watched trade secret case

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In an enforcement action that could have reverberations across the sector, the Fed imposed tough penalties on a pair of Wyoming bankers who took confidential information to their new employer.

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Will Senate vote on CFPB chief come down to tiebreaker?

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The full Senate could deadlock on Rohit Chopra's nomination as the Banking Committee did. If that happens, Vice President Kamala Harris is expected to cast the decisive vote in his favor.

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Edinburg Teachers Credit Union placed into conservatorship

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The Texas-based institution is the third credit union to be taken over by regulators this year.

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Former Partners FCU chief to lead new technology CUSO

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John Janclaes spent more than 15 years at Partners Federal Credit Union but has moved on to help launch a new credit union service organization from Nymbus.

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Calls intensify for Congress to intervene on Libor

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The heads of the Federal Reserve and Treasury are urging passage of legislation that would replace Libor with the Secured Overnight Financing Rate in certain contracts. That would spare banks litigation over trillions of dollars of contracts when Libor expires in 2023.

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Banks added jobs in 2020. Are layoffs ahead?

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The economy is poised to rebound, meaning loan demand and hiring will pick up, some observers say. Others argue that banks have plenty of reasons to cut jobs given industry consolidation, the growth of digital banking and expectations that low interest rates will persist.

(Full story here.)
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