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CFPB Proposes Ban of Medical Bills on Credit Reports

CFPB Proposes Ban of Medical Bills on Credit Reports

CFPB estimates the proposed rule will result in 22,000 additional mortgage approvals
HSBC Completes Acquisition of Citi’s Retail Wealth Portfolio

HSBC Completes Acquisition of Citi’s Retail Wealth Portfolio

A $3.6 billion portfolio has been integrated into HSBC’s wealth and personal banking operations
Consumers Explore Services Beyond Primary Banks

Consumers Explore Services Beyond Primary Banks

Even satisfied customers are using financial services from various providers
Banking CEOs embrace AI amid workplace challenges

Banking CEOs embrace AI amid workplace challenges

The rapid implementation of AI within banking and financial markets institutions has caused a decline in workplace culture
CFPB releases open banking standards

CFPB releases open banking standards

The new rules will outline the requirements for recognition in the industry
Jefferies: TD fines could reach $4 Billion

Jefferies: TD fines could reach $4 Billion

Toronto Dominion Bank could face fines of $4 billion relating to money laundering charges in the United States
Swiss Regulator Seeking Increased Authority

Swiss Regulator Seeking Increased Authority

Regulator is seeking ability to name and shame banks in breach of rules
Digital Payment Options Emerge as Top Payment Methods

Digital Payment Options Emerge as Top Payment Methods

More than half (57%) of consumers plan to spend most of their income online in 2024
Large Banks Unaware of Risks from CRE Exposure

Large Banks Unaware of Risks from CRE Exposure

Impact of CRE exposure on community banks has overshadowed the risk to larger banks
Bank Profits Rose by 79% in Q1

Bank Profits Rose by 79% in Q1

Community bank profits also increased by $4.3 billion
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