Banks warily optimistic on mortgages but volatile rates a concern
Some lenders are once again hiring mortgage lenders, but memories of the painful staffing cuts they were forced to make over the past two years remain top of mind.
Private credit markets are a $1.7 trillion ticking time bomb
Huge portfolios of outstanding private credit, issued by lenders completely free of banklike supervision and safety and soundness requirements, are almost certainly of lower quality than banks’ loan portfolios. If they implode, the damage could be extensive.
Shadow banks to face reins on leverage following FSB probe
The Financial Stability Board plans to publish a consultation report next year suggesting how authorities could monitor vulnerabilities and use policy measures to address systemic risk from nonbank financial intermediaries’ leverage.
How CFPB is cracking down on banks before Trump takes office
Enforcement actions from the Consumer Financial Protection Bureau still fresh in the mind of financial leaders have renewed hopes that a second Trump administration will favorably alter the agency’s future.
After Okla. bank failure, Chopra calls for expanded deposit insurance
Consumer Financial Protection Bureau director Rohit Chopra said it is “fundamentally unfair” that uninsured depositors at Silicon Valley Bank and Signature Bank got a reprieve from regulators while those at First National Bank of Lindsay did not.
What bankers got right and wrong about the election
Join Arizent and American Banker experts as they discuss whether bankers and other financial professionals got what they wanted from Trump’s victory at the polls.
How one credit union is tapping into college sports fans’ mania
Elevations Credit Union is paying athletes at the University of Colorado Boulder by way of a new credit card. The annual fee, plus two cents per transaction, will go to a collective that provides financial support to Buffaloes players.
The CFPB wants states to subject banks to data privacy laws
The bureau suggested this week that states should remove the exemptions banks enjoy from data privacy laws. California is a prime candidate to act.
In Burgum, Trump taps zoning reformer for Interior post
The North Dakota governor’s real estate background and affordable housing policies fit with the president-elect’s plan to open up federal lands for new home construction.
Morgan Stanley seeks TRO against top producer who joined Raymond James
Nicholas Takahashi and his team are accused of deliberately trying to poach the clients of a former colleague managing hundreds of millions in assets and producing more than $1 million a year in revenue.