Mortgage Blog

Wells Fargo & Co. will pay $1 billion in penalties to regulators, as part of a consent order announced today with the Office of the Comptroller of the Currency and Consumer Financial Protection Bureau.

This new order was leveraged in response to fraudulent auto loan practices at Wells Fargo (NYSE: WFC) in regard to interest rate-lock extensions on home mortgages and collateral protection insurance placed on customers' auto loans. The CFPB previously levied a $142 million fine against Wells Fargo…

Thursday evening, the Kansas City Business Journal hosted a private reception for CFO of the Year nominees. About 100 people attended the event at the Carriage Club.

The CFO of the Year Awards recognizes financial professionals in the Kansas City region for outstanding performance in their roles as corporate financial stewards. Financial executives are instrumental to their organization’s success; their role often incorporates overall strategy as well as finances. The honorees represent outstanding…

A 23-year-old Romanian national has been charged with covertly stealing and using debit card data by placing skimming devices on ATMs inside QuikTrip stores in Olathe and Riverside.

According to a release from the U.S. Attorney's Office for the Western District of Missouri, David Velcu was charged Thursday in U.S. District Court in Kansas City. Velcu, who also uses the alias Luca Antoni, lives in Anaheim, Calif.

The complaint alleges that Velcu used mag strip readers and pinhole cameras to steal…

You’ve invested years building your business. Have you considered what your plan is for when you want to retire? It’s never too early to think about succession planning. It can help you plan a growth strategy, and the preparation you do now will alleviate some of the stress of selling when you’re ready.

Not currently an owner, but have a dream of becoming one? Whether it’s taking over a family business or purchasing the business where you’ve built your career, when your opportunity to…

Pivotal Software Inc., owned by Round Rock-based Dell Technologies Inc., raised $555 million Friday in its initial public offering.

Shares of the the San Francisco-based cloud-computing company climbed nearly 5 percent in their first day of trading to close at $15.73 apiece.

Pivotal (NYSE: PVTL) on Thursday night had priced its 37 million shares at $15 a pop for a market cap of $4.3 billion.

The new stock had an exciting debut on the Big Board, climbing as high as $16.58 per share at the open…

A bill before the California Senate would seek to create limited-service banks and credit unions for the cannabis industry, which is largely banned from using the regular banking system.

Senate Bill 930, which would allow marijuana businesses to write special checks to pay some of their businesses expenses, was approved on a unanimous vote by the Senate Bank and Financial Institutions Committee on Wednesday. The legislation was introduced in January by Sen. Robert Hertzberg, D-Van Nuys.

Under the…

Columbus is a top priority for Fifth Third Bank as the Cincinnati-based company looks to grow, CEO Greg Carmichael said during an interview with Columbus Business First, in which he and the market's top executive also discussed the future of branches, the bank's acquisition strategy and more.

Carmichael, CEO of Cincinnati-based Fifth Third Bancorp (NASDAQ: FITB) since 2015, said the bank's recent growth in Central Ohio has encouraged him that this is a city where it can leverage its market share.

“We're…

KeyBank CEO Beth Mooney said the company decided to sell the insurance division it acquired from First Niagara Financial Group Inc. because it would have been “a hard thing” to expand it across the entire 15-state footprint.

When it comes to shattering the corporate glass ceiling, Bank of America Corp.’s Cathy Bessant knows a thing or two. The chief operations and technology officer shared her thoughts on workforce equality with UNC Charlotte students this week.

The gender pay gap has played big in the news recently, and the financial sector is one of the worst industries as far as equal pay and representation go.

According to the most recently available data from the Department of Labor, women in the industry make 52.5 percent of what men do, and they make up just 26.2 percent of the workforce.

Renee Milyiori works as a financial adviser at UBS Financial Services in Dublin, Ohio.

“We’d go to these lunch meetings and there would be three women in 120…