American Banker

DECEMBER 11, 2024

Workers in the bank's conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.

Groups 73

Groups Management Industry Compliance 73

TheGuardian

DECEMBER 11, 2024

Two lenders can challenge October decision that undisclosed commission paid to car dealers is unlawful The supreme court has granted permission for two car lenders to appeal against a landmark ruling on motor finance commission payments that has left firms fearing a potential 30bn compensation bill. The decision gives Close Brothers and the MotoNovo owner FirstRand a chance to overturn a shock ruling by the court of appeal in October which said that paying secret commission to car dealers witho

Payments 74

Payments Groups Industry 74

American Banker

DECEMBER 11, 2024

Institutions like BMO Financial Group and Bank of Nova Scotia saw earnings bogged down by increased loan loss provisions and higher tax rates.

Taxes 78

Taxes Groups Industry 78

The Financial Brand

DECEMBER 11, 2024

This article Credit Card Delinquency and Balance Growth Will Moderate in 2025 appeared first on The Financial Brand. Card debt will continue to rise to new record levels, but not as fast. And serious card delinquencies will rise more slowly than at recent highs. This article Credit Card Delinquency and Balance Growth Will Moderate in 2025 appeared first on The Financial Brand.

Cards 31

Cards Branding 31

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American Banker

DECEMBER 11, 2024

Leonardo Ayala, who was a retail banker at a TD branch in Florida, faces criminal charges in connection with money-laundering activities.

Florida 74

Florida Retail Compliance Regulation 74

American Banker

DECEMBER 11, 2024

Annualized inflation increased to 2.7% in November from 2.6% the previous month, providing further evidence that the economy remains strong despite restrictive monetary policy.

Policies 67

Policies 67

American Banker

DECEMBER 11, 2024

Norwegian fintech Vipps' consumers can use iPhones to make digital payments following Apple's settlement with regulators. Klarna gets hit with a money-laundering fine and more in our weekly global payments roundup.

Apple 59

Apple Regulation Fintech Payments 59

American Banker

DECEMBER 11, 2024

Financial institutions are adopting AI technology into virtually every aspect of the business. Analysts and fintechs share a framework for protecting data and bank reputations.

Data 41

Data Fintech Technology 41

American Banker

DECEMBER 11, 2024

The bank has hired an advisory firm to assess a potential sale, a capital raise or a strategic partnership after a prior merger fell through.

Connecticut 36

Connecticut National Capital Community Bank 36

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American Banker

DECEMBER 11, 2024

A report by the Federal Deposit Insurance Corp.'s Office of Inspector General revealed deficiencies in the FDIC's preparedness for large bank failures.

FDIC 36

FDIC Report Policies Compliance 36

American Banker

DECEMBER 11, 2024

Misconceptions about the risks of private credit must not be allowed to affect important policy decisions about an industry that provides vital support to a vast swath of the American economy.

Policies 34

Policies US Industry Compliance 34

American Banker

DECEMBER 11, 2024

In testimony before the Senate Banking Committee Wednesday morning Consumer Financial Protection Bureau Director Rohit Chopra said that he has no plans to resign ahead of President-elect Donald Trump's inauguration, suggesting he will wait to be fired instead.

Policies 28

Policies Compliance Regulation 28

American Banker

DECEMBER 11, 2024

President-elect Donald Trump may opt to bypass Democratic suggestions for minority party seats on the Federal Deposit Insurance Corp.'s board of directors, setting up potential conflicts with Senate leadership over regulatory appointments.

FDIC 65

FDIC Leadership Policies Compliance 65

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American Banker

DECEMBER 11, 2024

Republicans seek to pass sweeping legislation that renews Trump's 2017 tax overhaul and eliminates taxes on tips, overtime pay and Social Security benefits.

Meeting 36

Meeting Taxes Security 36