Morning scan

OCC, FDIC propose CRA overhaul; PayPal sues CFPB over prepaid rule


The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards.


BofA adds to holiday cheer; AI could be a savings tool


The bank joins rivals in predicting a better than expected Q4; JPM exec says AI could help create products for savings.


Good quarter for banks?; HSBC settles U.S. tax evasion case


JPM’s CFO says trading, investment banking revenue better than expected; the bank will pay $192 million to settle charges it helped customers hide assets.


Morgan Stanley to cut jobs; big banks making progress on replacing Libor


The Wall Street bank to shed 1,500 spots ahead of an uncertain 2020; smaller and regional banks are lagging behind but expect to increase their focus next year


Goldman's small world; Bitcoin’s woes go beyond price


The bank may extend advisory service to clients with as little as $5,000 to invest; trading of the cryptocurrency has plunged.


Credit card issuers bulk up; Diversity still a challenge for banks


Issuers have started adding metal to their credit cards; banks have been “slow” to add diversity in executive ranks, filings suggest.


OCC takes a shot at Wells; Warren targets bank mergers


The regulator says the bank needs to address employee complaints and pay controls; the presidential hopeful would make it more difficult for banks to combine.


Regulators ease hemp banking rules; alternative credit checks get the nod


Banks will not have to file reports on customers just because they're in the hemp business; making it easier for people with no credit history to get loans.


Will the fintech bubble burst?; banks using customer data for retail offers


The number of fintech startups has declined rapidly; several banks are using customer data to help customize retail offers.


Is Goldman changing its tune?; The rise of credit unions


The bank is likely to tout asset management at its upcoming investor day; credit union assets have exceeded banks' growth in the past decade.