Comerica sues CFPB over investigation into prepaid card program
The Dallas-based bank is accusing the Consumer Financial Protection Bureau of “pursuing an aggressive and overreaching investigation” into its role in a Treasury Department prepaid card program.
Fewer cardholders are becoming late on their payments: New York Fed
The reduced pace of consumers moving into delinquency adds evidence to the thesis that households are facing lower financial stress.
Fed survey points to peak loan charge-offs, lower losses in 2025
Senior loan officers polled by the Federal Reserve reported that they further upped their standards for approving credit for customers. But they also signaled that concerns are easing and credit quality is poised for improvement.
Elder fraud is rising. So is the pressure on banks to catch it.
Recent multimillion-dollar elder fraud cases are leading to lawsuits and possible regulatory action.
Best Banks to Work For 2024 with less than $3B of assets
The majority of banks on American Banker’s Best Banks to Work For 2024 list are small banks with assets of less than $3 billion.
Klarna files draft registration for IPO
The Swedish payments company ends months of speculation about whether Klarna would list. Analysts valued the company last month at about $14.6 billion.
How banks are prioritizing mental health in the workplace
Amid growing awareness of mental health needs in the workplace, some banks are doubling down on benefits that go beyond traditional employee assistance programs. What’s behind banks’ heightened focus, and what’s the long-term strategy for investing in this area?
Regulators should stop trying to ‘whack’ so-called junk fees
Bank fees don’t arise from a naked profit-grab, but from an effort to offset current or expected losses. Eliminating one kind of fee just pushes banks to find an alternative method of recouping those losses.
Credit unions embrace alliances to stay relevant in payments
Credit Union Service Organizations such as Prizeout, have seen increased interest as credit unions get on board with automation.
20 U.S. banks with the most construction loans
The top five banks have combined construction loans of more than $71 billion.