Banking Industry Newsfeeds

Beth Mooney exits, and the CEO boys' club goes on

Saturday, September 21, 2019

How do you keep the all-male CEO club at the biggest banks intact? Let us count the ways. Could a woman be the next CEO at UBS? Maybe. At Wells Fargo? Less likely.

CFPB investigating BofA, fintechs and fraud, Mooney to retire: Top stories of the week

Friday, September 20, 2019

The consumer agency is investigating Bank of America over “potentially unauthorized” accounts; why fintech rollouts are magnets for fraud; KeyCorp’s Beth Mooney to retire next year; and more from this week’s most-read stories.

Hemp protections added to House pot banking bill

Friday, September 20, 2019

Protections for industrial hemp were added to a cannabis banking bill that is expected to get a full House vote next week.

House advances bills to protect workers' credit in government shutdown

Friday, September 20, 2019

The House Financial Services Committee passed a bill that would exclude adverse credit information for consumers impacted by a government shutdown.

Could financial firms do more in response to data breaches?

Friday, September 20, 2019

Democratic lawmakers and consumer advocates say the remedies offered to consumers by firms like Capital One and Equifax are too difficult to access and not particularly helpful.

TD Bank took Epstein money after Deutsche Bank kicked him out

Friday, September 20, 2019

After another global bank cut off convicted pedophile Jeffrey Epstein, his wealth found a home at Toronto-Dominion Bank.

Cross River makes jump to real-time payments. Will other small banks follow?

Friday, September 20, 2019

Increased adoption of The Clearing House’s faster payments system could put pressure on community banks and credit unions awaiting the launch of the Fed’s competing service, FedNow.

There are better times ahead for mortgage finance

Friday, September 20, 2019

While many lenders lately managed their business expecting reduced volume, now they get to capitalize on extremely low mortgage rates. But today's benevolent conditions will not always be with the industry.

Easy credit's latest twist: Loans to companies with no income

Friday, September 20, 2019

By turning to investors outside traditional banking, private-equity firms are finding it easier than ever to get loans to finance their buyouts of corporations that are nowhere close to being profitable.

BancPlus to enter Alabama, Louisiana markets with latest acquisition

Friday, September 20, 2019

The company will gain 34 branches and $1.2 billion in assets when it buys State Capital in Mississippi.

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