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The American Bankers Association and Bank Policy Institute Tuesday urged bank regulators to delay the finalization of its Community Reinvestment Act rule, saying regulators have not calibrated the rule to account for upcoming capital changes or considered whether courts will find the Consumer Financial Protection Bureau's funding structure constitutional.

Contract closings are at a 4.07 million annualized pace, close to the slowest rate since 2010.

The hedge fund accepted a $639 million offer from the mortgage REIT last month.

Figure, Oportun and Brex are among the fintechs that have dropped their applications for a banking charter.

The job cuts come amid caution about the industry's growth potential in the second half of the year. Some 45,000 positions have been lost in banking and related industries over the last two-plus years.

It notched relatively higher returns after betting on asset-backed securities with a rotation out of mortgage debt and collateralized loan obligations.

The government watchdog's original lawsuit was dismissed by a district court on Feb. 3, after the parties engaged in over nine months of discovery. Two months later, the agency challenged the decision.

The growth in market share comes as the national insurance program has instituted a risk-based pricing regime that's led to some fluctuation in rates.

The share is the largest on record for a second quarter, according to data from Redfin.

The Office of the Comptroller of the Currency granted federally chartered banks permission Monday to close branches in California, Nevada and Arizona affected by Tropical Storm Hilary.

The lender said the unnamed decision makers behind the termination were unaware of the plaintiff's pregnancy.

Key data points have shown price and wage pressures continue to dissipate, which should bolster the case for an end to rate increases, but strong labor-market activity may keep policymakers uneasy.

Demand-driven inflation will continue to be a problem in the U.S. economy until we somehow work through trillions of excess liquidity provided by the Federal Open Market Committee, writes the Chairman of Whalen Global Advisors.

Ransomware attacks are an increasingly significant threat to the home finance industry.

The lawsuit alleges an executive helped his firm's rival create its wholesale division before departing to the competitor with dozens of his colleagues.

Banks pay millions of dollars each year to have their names become part of the lexicon of sports-obsessed Americans. Here's a look at the largest deals, which span pro baseball, football, basketball, hockey and soccer.

While the share is slightly lower than at the start of 2023, the market is not expected to slip back to lower pre-pandemic levels, CoreLogic said.

The decision highlighted conflicts between insurance providers and detractors, with supporters of alternative products underscoring it had no effect on the services they offer, while a major industry trade group critical of the program lauded the outcome.

The bank developed its cloud-based Ally.ai platform within months. Now it has rolled out its first use case: summarizing customer service calls so the agent doesn't have to multitask.

The post-close review timeline gets shorter and new pre-funding checks become required on Sept. 1.