Banks

The Texas economy has grown about twice as fast as the rest of the country over the past decade, according to the Federal Reserve Bank of Dallas. And a new report by the Dallas Fed finds one reason is that immigrants are helping to power the state’s economy. Click the audio player above to hear […]

Mortgage finance giants Fannie Mae and Freddie Mac consider one credit score when determining the creditworthiness of mortgage applicants: FICO.  Some members of Congress want to change that by adding a provision to a bank deregulation bill that would require Fannie and Freddie to also look at applicants’ VantageScore. The company that calculates VantageScores is […]

Fair housing advocates are concerned about a pending vote in the Senate that would relax banking rules on reporting loan data. Click the audio player above to hear the full story. 

As Wells Fargo and JP Morgan Chase report earning this week, analysts are looking ahead and anticipating that the tax bill, regulatory rollbacks, and a sound overall economy with low unemployment will mean a strong year for banks. Click the audio player above to hear the full story. 

The Republican $1.5 trillion tax bill has been delayed because of procedural challenges from the Democrats. But when it does finally go through, one of the big winners will be banks. That’s because most of their business is here in the U.S., so they often pay higher taxes than other industries. A corporate tax rate […]

To boost profits, some banks are focusing on core banking businesses and escaping Fed oversight. Click the audio player above to hear the full story.

A bipartisan group of senators has agreed to take a big step in loosening up some of the bank regulations that were put in place after the 2008 financial crisis under the Dodd-Frank law. They’re backing a deal that would exempt small and regional banks from regulations and testing meant to ensure that financial institutions […]

A vote by the U.S. Senate last night allowing banks to keep using mandatory arbitration clauses in their contracts with consumers — rather than allowing class action lawsuits —essentially preserves the status quo. You might think that more fine print in more and more contracts would mean a lot more arbitration and a bonanza for […]