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Google flirts with bank charter, digital disruption, Truist fallout: Top stories of the week

06/21/19

Google explored the OCC's fintech charter, then walked away; the biggest changes in digital banking could be just ahead; 'Truist' rebrand prompts lawsuit by N.C. credit union; and more from this week's most-read stories.

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As Libra regulatory storm gathers, a Mastercard exec preaches calm

06/21/19

Libra has only been public for a few days, but it has been enough time for regulators around the world to savage the project and schedule hearings. Jorn Lambert, executive vice president of digital solutions for Mastercard, said the project's objectives are aligned with the regulators' concerns.

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The existential threat of Facebook's digital currency

06/21/19

If Libra becomes a major financial force, the stability of global finance is on the line.

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Did Facebook swipe its Calibra logo from a challenger bank?

06/21/19

The new digital-currency unit at Facebook has a logo that's nearly identical to that of challenger bank Current, which has been around since 2015.

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'The OCC needs to get its house in order': Comments of the week

06/20/19

Readers weigh in on big tech companies walking away from OCC's fintech charter, House committee wanting Facebook to halt Libra, calls to stop Congress from delaying CECL, and more.

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‘Another one?’ Bankers react to Facebook’s digital currency

06/20/19

Community bank executives, payments officials and others said Libra faces an uphill battle amid heavy competition and regulatory scrutiny.

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Banks seen breezing through stress tests; Deutsche under investigation

06/20/19

Banks shouldn’t have trouble this year, but the rules may change next year; U.S. authorities are probing possible AML compliance violations at the German bank.

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'The risk isn't in the banks': Fed's Powell on leveraged lending

06/19/19

Federal Reserve Chairman Jerome Powell says the agency is closely monitoring leveraged lending risks, but suggests further regulations on banks aren’t warranted.

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Senate Banking panel sets hearing on Facebook's Libra

06/19/19

Senators will examine the social media giant’s plan to offer a digital currency. House Financial Services Committee leaders have already criticized the idea.

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Facebook faces blowback; Big changes expected at Deutsche Bank

06/19/19

Digital currency plans spark concerns from global financial regulators and U.S. legislators; departures continue as two top dealmakers seem ready to leave.

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