Bankshot

Wells Fargo's latest troubles suggest tougher stance by OCC

12/06/18

An eight-month-old consent order appears to be forcing the San Francisco bank to grapple more deeply than it did previously with the many failures that led to its account-opening scandal.

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Mulvaney's misfire: CFPB name change could cost industry millions of dollars

12/04/18

An internal agency analysis says changing the name of the bureau to the BCFP, as Mulvaney wants, could cost banks, credit unions and mortgage firms $300 million. It doesn’t have to be this way.

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The one banking bill Congress might actually pass next term

12/03/18

The financial industry is not expecting movement on a lot of legislation given a divided Congress, but one measure is beginning to attract widespread attention.

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Trump can't fire Jerome Powell. Will he try anyway?

11/29/18

The president’s escalating criticism of the central bank might be bluster. But it raises questions about how far he might go and what would happen if he tried to act.

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Regional banks are spending heavily on tech. Is it enough?

11/20/18

Are midsize banks in position to disrupt, or are they investing billions in technology because they can’t afford not to?

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Beware the tidy narrative about Operation Choke Point

11/08/18

Payday lenders argue that banks cut ties with their industry due to pressure from biased and hostile regulators. But the reality, in some cases, may be more nuanced.

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Purge of moderate Dems will haunt financial industry

11/07/18

The Senate is losing several key backers of last spring’s regulatory relief bill in the wake of the midterm elections.

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Synchrony has a lot to lose in fight with Walmart

11/02/18

After the retail giant filed an $800 million lawsuit against its former credit card partner, shares in Synchrony plunged. Now analysts fear its relationship with Sam’s Club may be in jeopardy.

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Prudential is no longer a SIFI. Now what?

10/17/18

The administration says it wants to focus on risky activities as opposed to individual nonbank firms. But there are big questions with that.

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Banks are running out of time to regain public trust

09/14/18

The industry risks losing more business to fintech startups and facing increased attacks in Washington if they can’t shore up their reputation.

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