USAA’s new CEO tasked with fixing regulatory issues
The San Antonio-based insurer and bank has named Juan Andrade as its next CEO. The company’s bank has suffered a series of regulatory penalties.
Los Angeles banks react, give back as wildfires continue
As the flames continued to spread, banks closed more branches while others donated to relief efforts.
Fed’s Bowman preaches pragmatism for regulation, supervision
Seen by many as a logical pick for the Federal Reserve’s next vice chair for supervision, Gov. Michelle Bowman wants the institution to focus on safety and soundness issues, tailoring and transparency.
New hires accelerate Eagle Bancorp’s turn to C&I
The Bethesda, Maryland-based company called its success in luring a team from Capital One as its most “newsworthy” move to date executing a strategy aimed at diversifying its lending operation.
Debt collectors sue the CFPB for ‘overreach’ on medical debt
Debt collection trade group ACA International and Specialized Collections Systems, a Houston-based debt collector, filed a lawsuit against the Consumer Financial Protection Bureau alleging its medical debt rule is outside its authority.
How AI is changing banking jobs: Rise of the ‘AI whisperer’
Rumors that generative AI would kill banking jobs so far seem greatly exaggerated, but the technology is spawning new job titles.
House banking committee leadership takes shape
Rep. Bill Huizenga, R-Mich., will take the No. 2 spot on the House Financial Services Committee, while Reps. Bryan Steil of Wisconsin, Dan Meuser of Pennsylvania and Mike Flood of Nebraska are elevated to subcommittee leadership.
Los Angeles wildfires’ insured losses risk exceeding $10B
The wildfires add pressure to California’s home insurance market, which has faced a growing crisis in recent years.
Banks’ reactive approach to fraud is no longer sufficient
To effectively reduce fraud, banks must transition to proactive, integrated strategies encompassing robust risk management and asset liability management.
How much damage will the Los Angeles fires do to homes?
A trio of blazes in SoCal have destroyed over 2,000 homes and structures in neighborhoods with average property values well above the national average.