C.G. Kum, who has been the Los Angeles company’s CEO the past five years, plans to retire in May.
The new guidelines are a prelude to a much larger effort by regulators to modernize implementation of the Community Reinvestment Act.
Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump’s leading candidate to become director of CFPB, according to sources.
Bank of America is in expansion mode and wants to add 10,000 retail and other workers who better reflect the communities it operates in.
No plan will be implemented as long as Fannie Mae and Freddie Mac remain in conservatorship, but a capital framework for the companies could still have a substantive impact.
From a major CFPB deadline to a long-anticipated fintech report, there’s a lot to watch for in the days to come.
Lenders urged by state officials to back troubled conglomerate’s debt sale
Wells Fargo on the receiving end of USAA’s long-standing intellectual property threat; millions are mad about Erica, Bank of America’s virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week’s most-read stories.
Blue Lion Capital, which has been a vocal critic of the Seattle company’s strategy, also wants management to consider selling its MSR portfolio.
The agency has provided new information about changes large and midsize banks are making in the wake of the Wells Fargo scandal, but Senate Democrats continue to press for more details.