Kevin Wack

The marketplace lender's application for an industrial bank charter is under fire from small banks and progressives, who say it could violate the barrier between banking and commerce and shut out middle-class and lower-income consumers.

On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country.

It's not only regulation that is hurting profitability, but also banks' failure to adapt to the internet age, according to a recent study.

Financial firms say the database is unreliable and would like to see it removed from public view. But the industry would also lose access to competitive insights that can be gleaned from the massive trove of consumer complaints.

The online lender, which focuses on high-earning millennials, is offering assurances that it will also serve Americans who make less money. But the company has not convinced critics, who say the plans are inadequate.

The old record was set just before the Great Recession, and what may be most remarkable is that it took nearly nine years to reach a new milestone.

The deposit insurer has stayed out of the debate over how to regulate the online lending industry. But that may be about to change.

The JPMorgan Chase CEO was in rare form at the Milken Institute conference, speaking without a filter on a range of controversial topics.

The Treasury secretary on Monday reiterated an aggressive timetable for tackling the future of Fannie Mae and Freddie Mac, an issue that has long flummoxed Congress.

Low scores make it harder for banks to get regulatory OKs to expand, but Wells is in retrenchment mode anyway.