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Ken SweetInc.com |
JPMorgan set aside $3.1 billion to cover potentially bad loans, up sharply from a year earlier, as delinquencies climb among some Americans.
The latest $135.6 million fine is on top of the $400 million fine that Citi paid back in 2020, before Fraser became CEO in 2021.
Goldsmith Romero is also a commissioner at the Commodity Futures Trading Commission, the nation’s financial derivatives regulator.
It seemed like the fate of the bank branch was sealed when the technological gains during the pandemic made it possible to buy a home or car without...
Synapse filed for Chapter 11 bankruptcy protection in April and has shut down its services to some of its fintech or bank partners, including Evolve...
Mastercard is integrating artificial intelligence into its fraud-prediction technology.
The new regulations that were proposed by CFPB would have set a ceiling of $8 for most credit card late fees, which average about $32 now.
The comments came in the JPMorgan Chase CEO's annual shareholder letter, where he often weighs in on broad topics.
The rule would bring the average credit card late fee down from $32. The bureau estimates banks brought in roughly $14 billion in credit card late...
The deal marries two of the largest credit card companies that aren't banks first, like JPMorgan Chase and Citigroup.
The news sent Wells Fargo's stock up sharply as investors speculated that the bank, which has been kept under a tight leash by regulators for years,...
This is the 13th redlining settlement that the Biden Administration has brought against banks since 2021.
“Banks should be competing to provide better products at lower costs, not innovating to impose extra fees for no value,” said CFPB Director Rohit...
"Banks call it a service — I call it exploitation," President Joe Biden said in a statement.
The change could potentially eliminate billions of dollars in fee revenue for the nation’s biggest banks, which were gearing up for a battle even...
Top exec Stan Deal vows "hard look at our quality practices in our factories and across our production system" in email to employees.
JPMorgan's Jamie Dimon, Bank of America's Brian Moynihan, Jane Fraser of Citigroup and Goldman Sachs' David Solomon all argued against a number of...
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