BankThink

Court throws out New York regulator's suit against OCC fintech charter

12/12/17

A district court judge said the state’s suit against Office of the Comptroller of the Currency is premature because the agency has not finalized its fintech charter nor has any firm applied for it.

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The familiar fingerprints on the Fed's stress test changes

12/12/17

In contrast to initiatives at other agencies, where Trump appointees are poised to go in a significantly different direction than their Obama-appointed predecessors, the stress test work appears aligned with the vision set out by former Fed Gov. Daniel Tarullo.

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JPMorgan strikes deal with Kroger for Chase Pay

12/12/17

Kroger Co., the largest U.S. supermarket chain, will begin offering JPMorgan Chase & Co.’s Chase Pay mobile wallet in certain markets beginning next year.

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Mulvaney unfit to lead CFPB: Schneiderman, 16 state AGs

12/12/17

Past statements by Office of Management and Budget Director Mick Mulvaney about the Consumer Financial Protection Bureau should disqualify him from leading the agency, according to New York Attorney General Eric T. Schneiderman and 16 other state AGs.

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Mission-oriented neobank gains $47 million in funding

12/12/17

Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.

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Think/Rethink: Leaders talk about leading

12/12/17

Every one of the executives recognized in our Most Powerful Women rankings has faced the kind of professional challenges that can launch someone into the C-suite — or get someone bounced from consideration.

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What makes Birmingham fertile ground for a new bank

12/12/17

A group has filed an application for form a bank in Birmingham, a city with a large pool of bankers and a steadily growing economy.

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FHA borrowers pay steep price to keep reverse mortgage program afloat

12/12/17

The fundamental conclusion of the Federal Housing Administration’s fiscal year 2017 actuarial review is that the financial problems of the FHA Home Equity Conversion Mortgage program keep getting worse.

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Citi adds speed and markets as cross-border battle heats up

12/12/17

Banks and fintechs are competing heavily to modernize cross-border payments, and Citi is using its upgraded treasury unit add speed to its own international cross-border digital payments capabilities in more than 60 countries.

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Ally taps PNC's LaClair to serve as next CFO

12/12/17

Jenn LaClair will replace Chris Halmy, who is retiring. She most recently headed up PNC's business bank.

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