Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender

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Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender Consumer Bureau Seeks to Undo Settlement and Repay Mortgage Lender

The Consumer Financial Protection Bureau wants to return a $105,000 penalty it collected last fall..
The SEC Has a Lone Democrat, Caroline Crenshaw The SEC Has a Lone Democrat, Caroline Crenshaw

Caroline Crenshaw, the lone Democratic commissioner at the Securities and Exchange Commission, is..
Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty Fed in No Hurry to Adjust Rates Amid Trump Policy Uncertainty

Jerome H. Powell says the Fed is focused on separating “signal from the noise,” as the president..
E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead E.C.B. Cuts Interest Rates Again, With an Uncertain Path Ahead

Vows by European leaders in increase borrowing to ramp up military spending has reshaped the fiscal ..
Donald Trump Is Backed by the Business Elite Donald Trump Is Backed by the Business Elite

Behind closed doors, many top executives voice support for the new administration.
How Consumers Can Protect Themselves With the CFPB on Pause How Consumers Can Protect Themselves With the CFPB on Pause

Rules on bank and credit card fees, medical debt and payment apps are in limbo. One thing you can..
Book Review: ‘Meltdown,’ by Duncan Mavin Book Review: ‘Meltdown,’ by Duncan Mavin

In “Meltdown,” Duncan Mavin describes the grand rise and ignominious fall of a financial behemoth.
Adams Sues Trump Administration Over Clawback of Migrant Shelter Funds Adams Sues Trump Administration Over Clawback of Migrant Shelter Funds

More than $80 million disappeared from a city bank account without warning. New York City wants it..
Powell Hesitant to Cut Interest Rates With Inflation Above Target Powell Hesitant to Cut Interest Rates With Inflation Above Target

Jerome H. Powell, chair of the Federal Reserve, testified before the Senate Banking Committee in..
Trump Media Is Moving Into the Financial Services Industry Trump Media Is Moving Into the Financial Services Industry

The parent company of Truth Social said it had applied for trademarks for investment products that..
Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance. Trump Promised a Cap on Credit Card Interest Rates. Here’s His Chance.

Senators Bernie Sanders and Josh Hawley say they will propose a 10 percent limit on credit card..
Elon Musk’s X Partners With Visa to Provide Financial Services Elon Musk’s X Partners With Visa to Provide Financial Services

The social media company said it would start a peer-to-peer payments service, moving to expand the..
Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests Howard Lutnick, Trump’s Commerce Nominee, Discloses Business Interests

Howard Lutnick disclosed details of complex financial interests, including at least $800 million in ..
Japan Raises Interest Rates to Highest Level Since 2008 Japan Raises Interest Rates to Highest Level Since 2008

After a long period of stagnation, the return of inflation and wage growth is giving the Bank of..
Big Banks Quit Climate Change Groups Ahead of Trump’s Term Big Banks Quit Climate Change Groups Ahead of Trump’s Term

Several large U.S. financial institutions, including the Federal Reserve, have withdrawn from the..
Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case Cookies, Cocktails and Mushrooms on the Menu as Supreme Court Hears Bank Fraud Case

In trying to find the line between false statements and misleading ones in the case of a Chicago..
Biden Administration Moves to Ban Medical Debt From Credit Reports Biden Administration Moves to Ban Medical Debt From Credit Reports

The future of the new rule remains in question, however, with President-elect Donald J. Trump set..
Los riesgos del auge de los préstamos arriesgados en Wall Street Los riesgos del auge de los préstamos arriesgados en Wall Street

Todos, desde Jamie Dimon hasta el Fondo Monetario Internacional, hacen sonar las alarmas sobre el..
I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers

Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1..
Walmart’s fintech races to $2.5B value in omen for banks Walmart’s fintech races to $2.5B value in omen for banks

Walmart Inc. is pouring more firepower into its fledgling financial venture, scoring a $2.5 billion ..
How Crypto Insiders Turned ‘Debanking’ Into a Political Storm How Crypto Insiders Turned ‘Debanking’ Into a Political Storm

Concerns that crypto companies are being purposely cut off from the global banking system have..
Payments Are Going Digital, but Many Seniors Still Rely on Cash Payments Are Going Digital, but Many Seniors Still Rely on Cash

“We’re putting another burden on the elderly that we don’t have to,” one researcher said.
Bitcoin Price Surges to a Milestone: $100,000 Bitcoin Price Surges to a Milestone: $100,000

The price of a single Bitcoin rose to six figures for the first time, an extraordinary level for a..
Fed Minutes Show Options Are Open on Interest Rate Cuts Fed Minutes Show Options Are Open on Interest Rate Cuts

Minutes from a Nov. 6-7 meeting showed that Federal Reserve policymakers saw the labor market..
Academy Bank taps tech to boost Gen Z credit knowledge Academy Bank taps tech to boost Gen Z credit knowledge

Academy Bank Gen Z clients are reporting challenges with credit knowledge, and the bank is..
Trump Taps Investor Scott Bessent as Treasury Secretary Trump Taps Investor Scott Bessent as Treasury Secretary

The hedge fund manager will be responsible for steering President-elect Donald J. Trump’s..
Inside look: Ally developing multicloud hybrid strategy Inside look: Ally developing multicloud hybrid strategy

Ally Financial does not aim to be 100% cloud native — it is instead opting for a multicloud hybrid..
The Finastra breach: 3 security takeaways The Finastra breach: 3 security takeaways

Identity-based attacks are on the rise as evidenced by London-based tech provider Finastra’s..
High-Yield Savings Accounts Are Still a Good Deal High-Yield Savings Accounts Are Still a Good Deal

Interest rates have been falling, but deposits are earning more than inflation.
42% of FIs plan to invest in customer ID solutions in 2025 42% of FIs plan to invest in customer ID solutions in 2025

Financial institutions are prioritizing investments in digital solutions to combat cybercrime in..
Clearview FCU to save 6K working hours through RPA Clearview FCU to save 6K working hours through RPA

Clearview Federal Credit Union has seen positive returns on its automation processes and aims to..
Mastercard’s Tharani joins Bank Automation Summit 2025 speaker faculty Mastercard’s Tharani joins Bank Automation Summit 2025 speaker faculty

Sabrina Tharani, senior vice president of fintech and venture partnerships at Mastercard, will join ..
Ally saves $30M annually through automation Ally saves $30M annually through automation

CHARLOTTE, N.C. — Ally Financial is deploying AI to boost efficiency and modernize processes to..
Just 40% of financial institutions satisfied with cloud investment Just 40% of financial institutions satisfied with cloud investment

Many financial institutions are not satisfied with the investments made in their cloud..
Citizens digital tools offer intuitive experience Citizens digital tools offer intuitive experience

Citizens Bank continues to focus on building out its in-house solutions, adding digital tools to..
Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates

A strong economy is giving Federal Reserve officials room to move “carefully” as they lower..
Howard Lutnick Is Scouting Trump’s Nominees. Some Will Oversee His Interests. Howard Lutnick Is Scouting Trump’s Nominees. Some Will Oversee His Interests.

Howard Lutnick, co-chair of the president-elect’s transition team and a Wall Street financier, is..
Digital offerings draw younger clients to FIs Digital offerings draw younger clients to FIs

Younger bank clients are seeking more digital offerings from financial institutions as interest in..
5 questions with … John Frerichs of JPMorgan Chase 5 questions with … John Frerichs of JPMorgan Chase

Chase for Business is innovating to meet the evolving needs of its small- to medium-sized business..
Why Bond Yields Are Rising After Trump’s Victory Why Bond Yields Are Rising After Trump’s Victory

Yields on government bonds — which underpin all kinds of borrowing in the economy — are rising. But ..
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