CFPB, DOJ warn lenders against denying credit to immigrants
The Consumer Financial Protection Bureau and the Justice Department warned banks and other lenders that credit applicants cannot be rejected due to their immigration status.
CFTC sues former CEO of bankrupt crypto lender Voyager
The Commodity Futures Trading Commission filed a lawsuit against Stephen Ehrlich in U.S. federal court in New York, claiming he and Voyager ‘fraudulently solicited participation in and operated a digital asset trading and custody platform.’
Can Travis Kelce help Experian sell its new checking account?
The credit bureau is embedding its Experian Boost feature in the new account, which aims to help people strengthen their credit profiles through on-time bill payments.
Bank stocks need more than solid earnings to draw wary investors
Bank stocks are hovering near the lowest level of the year, a mark hit in May following First Republic Bank’s collapse.
Syndicated loans pose systemic risks, regulator warns
Regulators should consider whether additional investor protections are needed for the fast-growing market, Caroline Crenshaw, an SEC commissioner, said in a speech Wednesday.
Channeling Twisted Sister, more bankers are taking regulators to court
Unfair regulations must be challenged, and bankers are increasingly turning to lawsuits to do so, writes Ken Thomas, president of Community Development Fund Advisors.
Santander’s Botin says always looking at bolt-on buys after Metro report
Banco Santander Chairman Ana Botin said she’s is always looking at potential smaller acquisitions, responding to a report that the Spanish lender had been approached about a possible bid for Metro Bank Holdings.
FTX bribes, dating diary, false records: Ellison testimony
Caroline Ellison outlined for a New York jury how she worked with Sam Bankman-Fried to deceive lenders and customers to build his multibillion dollar cryptocurrency empire — and their failed attempts to prevent a spectacular collapse.
How Visa is targeting friction in corporate cash flow
In search of new revenue streams, the card network has researched companies’ working-capital and cash-flow headaches to see where it could play a bigger role.
Ex-Barclays CEO Staley ‘recklessly’ misled watchdog, probe finds
Former Barclays boss Jes Staley has been banned from the U.K. financial services industry after “recklessly” misleading regulators and the bank about his relationship with the late financier and sex offender Jeffrey Epstein.