TD, Flagstar are closing dozens of U.S. branches
Thirty-eight TD Bank locations and 24 Flagstar branches are set to shut down. Both banks are coming out of tumultuous periods.
10 biggest winners and losers on loan sales in Q4
The biggest loser had a net loss on sale of loans and leases of $908.2 million.
‘Not a political issue’: Compensation stalls amid CFPB turmoil
In 2023, the Consumer Financial Protection Bureau cited Citibank for discriminating against Armenian Americans. The recent turmoil at the agency raises questions about whether the bureau will be able to carry out similar actions in the future.
Senate confirms Bill Pulte as FHFA director
Three Democratic senators joined Republican colleagues to confirm the businessman, who previously voiced his support for easing government regulations.
Maspeth Federal Savings Bank opens new tech center
The Queens, New York-based community mutual bank held a grand opening ceremony to open a new office space exclusively for its tech employees.
New York AG unveils new consumer protection bill
New York Attorney General Letitia James announced new state legislation to ban unfair and abusive business practices, giving state regulators broader authority to crack down on consumer abuses.
Formerly troubled bank released from Fed enforcement action
Hackers breached the New York community bank’s cybersecurity walls in 2022, drawing regulatory scrutiny and causing its CEO to resign.
Stablecoins: What banks, payment companies need to know
While often used to describe a digital asset that hedges against cryptocurrency’s volatility, the reality of stablecoins is much more complex.
Fraud and scams plateaued but got more expensive in 2024
Both consumers and banks reported that the rate of fraud and scams has steadied, according to Fincen and FTC data, but the total cost continued rising.
OPM says union agreements ‘unenforceable’ in mass firings
New guidance from the Office of Personnel Management states that unions’ collective bargaining agreements cannot interfere with mass layoffs carried out by federal agencies.