BankThink

CFPB's English expected to sue Trump administration to block Mulvaney appointment

11/26/17

A lawsuit by CFPB Deputy Director Leandra English against the Trump administration is expected to challenge Mulvaney's appointment on two counts: that the president would directly control an independent agency and that it violates the succession plans laid out in the Dodd-Frank Act.

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Legal clash looms over CFPB leadership

11/24/17

There is a possibility that there could soon be two individuals declaring themselves the rightful leader of the Consumer Financial Protection Bureau.

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Cordray out at CFPB, names own acting successor

11/24/17

CFPB Director Richard Cordray abruptly announced Friday that he would leave at the end of the day, giving the reins of the agency to a new deputy director.

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Dimon says he'd raise his own taxes to get corporate rates cut

11/22/17

The U.S. needs to cut corporate tax rates to keep businesses from moving abroad, even if that means raising rates for wealthy individuals and removing the carried interest tax break for investment managers, said JPMorgan Chase Chief Executive Officer Jamie Dimon.

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CFPB’s constitutionality question doesn’t end with Cordray’s departure

11/22/17

The outcome of a case testing the president's power to fire a CFPB director will come too late to impact Richard Cordray, but may affect President Trump's interim and final picks to lead the agency.

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Calls intensify to separate reverse mortgages from FHA fund

11/22/17

The Federal Housing Administration's recent actuarial report has added more fuel to the fire over concerns about reverse mortgages, including their effect on the overall FHA insurance fund and a rise in foreclosures.

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Group files application to form national bank in New York

11/22/17

New York Venture Bank would be run be a former Square 1 executive and would feature former CFPB deputy director Raj Date on its board.

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SBA rule change could boost already surging 7(a)

11/22/17

A decision to slash the equity required for most change-in-ownership loans could help the small-business lending program top its recent record.

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Welcome to open mic night at a Citi fintech unit

11/22/17

Borrowing from the startup world and some popular TV shows, Citigroup is encouraging employees to pitch innovative ideas to a panel of senior execs who could give them the green light to start work.

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Regulators must finish the job of penalizing Wells Fargo

11/22/17

The most immediate threat to the safeguards underpinning a well-functioning banking sector involves the failure of regulators to hold banks accountable.

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