CFPB

Stress test results, FDIC's ambitious agenda, banks' biggest risk: Top stories of the week

06/22/18

How the big banks fared in the Fed's latest round of stress testing; what's on new FDIC chair Jelena McWilliams' plate; why banks' biggest risk factor may be employees who don't speak up; and more from this week's most-read stories.

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Court says CFPB structure is unlawful; Stress tests aced

06/22/18

Judge says agency should not exist; the Fed says the largest banks are “strongly capitalized” and could withstand a severe crisis.

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'This is right out of Trump's playbook': Comments of the week

06/22/18

Readers weigh in on Comptroller of the Currency Joseph Otting's comments about discrimination, opine on President Trump’s pick to head the Consumer Financial Protection Bureau, respond to new anti-money-laundering legislation and more.

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Another judge says CFPB structure is unconstitutional

06/21/18

The Consumer Financial Protection Bureau's structure is an infringement on the authority of the executive branch, a New York federal judge said Thursday.

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PayPal's expansion plans; Deutsche pays for FX issues

06/21/18

The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million.

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Mulvaney unfazed as immigration policy clouds CFPB nomination

06/20/18

The acting agency chief defended the “zero tolerance” policy while praising the permanent CFPB nominee suspected of having been involved in implementing it.

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CFPB nominee likely connected to Trump’s ‘zero-tolerance’ immigration policy

06/19/18

Kathy Kraninger, a top official at OMB and nominee to head the CFPB, likely had a role in setting President Trump's "zero-tolerance" immigration policy, according to former OMB officials.

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Trump’s CFPB pick clears up what, exactly?

06/19/18

The selection of an obscure OMB official as CFPB director raises more questions than it answers about the future of the agency.

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Dems suggest CFPB nominee had role in ‘zero-tolerance’ border policy

06/19/18

Sens. Elizabeth Warren and Sherrod Brown sought details on whether an OMB official was involved in the policy of separating children from their parents.

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The 'tyranny of success'; Wells to revamp wealth unit

06/19/18

Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.

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