bitcoin

JPM settles with CFPB; CBOE looks to trade bitcoin futures

08/03/17

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange.

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OCC begins Volcker revamp; Bitcoin Cash flops in debut

08/02/17

The regulatory agency is expected to start asking for public feedback on changing the rule on proprietary trading by banks; bitcoin offshoot is worth about a tenth of the original.

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Steep fees call into question bitcoin’s promise for the underbanked

08/01/17

As an open network, bitcoin is in one sense the most inclusive financial system imaginable. But for now, transfers of the cryptocurrency are priced like a luxury good.

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SEC hasn't quashed blockchain innovation. Let's keep it that way

08/01/17

Digital blockchain tokens can be naked instruments for profit-sharing among investors, but other types are directly linked to building network infrastructure. Their creation and sale must be unimpeded by regulation.

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OCC backs off arbitration rule; bitcoin knockoff set to trade

08/01/17

Acting Comptroller Noreika says he will defer to Congress to determine whether the rule requiring mandatory arbitration should be killed; Bitcoin Cash to start trading but is causing confusion in the digital currency market.

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Yet another Wells scandal; bitcoin exchange busted

07/28/17

The bank forced hundreds of thousands of auto loan borrowers to take out insurance they didn't need, putting some into delinquency; a Russian man is arrested and charged in $4 billion money laundering scheme.

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Raft of AML violations lands bitcoin exchange a $110M fine

07/27/17

The fine for BTC-e was the Treasury’s first action against a money-services business located in a foreign country, and the second against a virtual currency exchange.

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American Express connects to Abra’s bitcoin wallet

07/25/17

American Express is giving its card customers an easy way to transact in cryptocurrency.

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CFPB nixes arbitration; ‘Friendly’ regulator nominated to Fed

07/11/17

Agency rule would make it easier to sue banks, but Congressional Republicans likely to fight it; Trump nominates Randal Quarles as Fed’s vice chair for supervision.

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Summer reading list for bankers 2017

06/30/17

Apologies to those yearning for escapism, but it is hard to escape turmoil — in financial services, in the economy and in civilization — in this year’s reading list. That said, these weighty topics promise to stimulate the mind: How AI will disrupt employment; dystopian imaginings and real-life histories of societal shifts; the necessity of collaboration; bitcoin’s path from obscurity to relevance; the need for leaders to make sacrifices; and more. Recommendations are courtesy of American Banker readers, editorial staff and BankThink contributors.

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