REDWOOD CITY, Calif.–Several more fintechs are either entering the banking business or expanding the offerings they already have.
Fresh Today
WASHINGTON–The White House next week is expected to put forward a nomination for a full-time director of the Bureau of Consumer Financial Protection. If no one is nominated, Acting Director Mick Mulvaney would need to leave the post by June 22.
ALEXANDRIA, Va.–The banking industry may have filed a lawsuit over NCUA’s latest field of membership rule, but that hasn’t stopped the agency from moving forward with additional plans for FOM.
WASHINGTON—Funding for the Treasury Department’s Community Development Financial Institutions Fund has been included in the Financial Services and General Government (FSGG) Appropriations Act for Fiscal Year 2019, which was passed by the House Appropriations Committee.
WASHINGTON—House Financial Services Subcommittee Chairman Blaine Luetkemeyer (R-MO) told regulatory agencies in a letter that their issued guidance should not be held by examiners as "binding obligations on the institutions they supervise."
NEW YORK–Small business lending at credit unions is stagnating, according to a new analysis of the market, even as it is improving at banks.
ALEXANDRIA, Va.– Federally insured credit unions across the country generally saw continued positive trends in the first quarter of 2018, with Oregon and Washington seeing the highest media loan growth rates, and Hawaii, Arkansas and New Jersey (the only state with a decline in growth) seeing the lowest median loan growth rates.
LOMBARD, Ill.– Americans are generally overconfident in their financial acumen and the vast majority have never attended a financial education program, although many think such a program would be extremely or very valuable, according to new research from Raddon, a Fiserv company.
AUSTIN, Texas–U.S. District Court Judge Lee Yeakel has denied a request by Mick Mulvaney, acting director of the BCFP, to delay the effective date of new rules around payday loans.
WASHINGTON—What qualifies as an Automatic Telephone Dialing System? Only equipment that has the “capacity to dial numbers without human intervention,” according to a letter sent by NAFCU to the Federal Communications Commission (FCC).