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Regulators are likely to scrap the Office of the Comptroller of the Currency’s divisive rule and instead pursue an interagency framework. But stakeholders commenting on a Federal Reserve draft plan say several aspects of the OCC regulation are worth keeping.
April 4 -
Where Goldman, Citi, JPMorgan are putting their fintech investments; CFPB poised to reinstate tough stance on payday lenders; refi downturn means no more 'lazy mode' for mortgage lenders; and more from this week's most-read stories.
April 2 -
Top executives from the 49 companies that earned a spot in this year's ranking of the Best Fintechs to Work For cite the need for nimble shifts in business strategy, leadership style and recruiting tactics among the lessons they took away from the challenges of the coronavirus crisis.
March 31 -
Top executives from the 49 companies that earned a spot in this year's ranking of the Best Fintechs to Work For cite the need for nimble shifts in business strategy, leadership style and recruiting tactics among the lessons they took away from the challenges of the coronavirus crisis.
March 31 -
Despite Japan being a heavily cash-based economy, e-commerce has created significant opportunities for banks and mobile wallet providers.
March 31 -
Activist investors are pressuring big banks to further curtail lending to the fossil-fuel industry, undergo so-called racial-equity audits and disclose more about their lobbying practices and financing of nuclear weapons manufacturers.
March 30 -
Exploring whether PPP runoff will expose revenue weakness at banks; Citi, BNY Mellon earn top grades for transparency on how they pay women and employees of color; three new candidates emerge to head OCC; and more from this week's most-read stories.
March 26 -
The country has lots of smartphones, few plastic cards, and it's just starting to get rid of cash.
March 26 -
Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more.
March 22 -
Challenger bank TomoCredit rolls out first credit card that doesn't use FICO score; the first penalty for pot banking violations lands on a credit union; blame Treasury, IRS for delay in stimulus payments, banks say; and more from this week's most-read stories.
March 19 -
Many consumers pay for this entertainment by credit card, but the prevalence of new streaming services — and other factors such as rewards programs — are starting to influence users' payment habits.
March 19 -
A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.
March 18 -
2021's Most Influential Women in Payments honorees demonstrate how a diverse background and a unique perspective can prove crucial in difficult times.
March 15 -
Since late last year, a number of large and regional banks have either replaced their CEOs or announced plans to do so in the coming weeks. Here's an introduction.
March 14 -
The Federal Reserve announced it would extend the Paycheck Protection Program Liquidity Facility until June 30; CFPB delays mandatory compliance date for a new Qualified Mortgage standard; Mehrsa Baradaran emerges as top contender to lead OCC; and more from this week’s most-read stories.
March 12 -
Since romance frauds generate more than 10 times the money for scammers per event than other types of fraud, 2020 saw a substantial boost in the use of this tactic.
March 11 -
Square, LendingClub and SoFi are among the upstarts that once positioned themselves as outsiders but now seek to challenge banks more directly. Here's how they're doing it.
March 10 -
Some nominees poised to take their agencies in a new direction appear headed for Senate confirmation while an intraparty squabble has delayed the administration’s choice to lead the Office of the Comptroller of the Currency. Here’s the roster update.
March 9 -
As the lockdown subsided and stores began to re-open, the habits of the British shopper had changed, forcing banks and merchants to adjust.
March 9 -
Lending slowed, credit allowances mounted and return on assets as well as other performance ratios weakened, according to year-end figures from the credit union regulator.
March 8