Policymaking

GOP senator asks Treasury, Fed for virus-aid details

04/17/20

The head of the Senate panel overseeing Federal Reserve and Treasury Department efforts to boost the U.S. economy urged the agencies to remember their disclosure requirements.

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Banks join calls to shield stimulus checks from debt collection

04/16/20

In some cases, financial institutions are required by court order to divert funds to private creditors. But the industry has added its voice to a consensus for a legislative update to ensure Americans receive their full amount.

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Let fintechs make SBA loans

03/27/20

Online lenders can help the agency distribute loans faster as it gets set to deploy emergency funding to small businesses.

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Fed opens liquidity lines with more central banks

03/19/20

The expansion of the dollar swap lines allows foreign central banks to meet the needs of companies and financial institutions rushing for dollars as the global payments system undergoes severe strain due to the coronavirus.

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Takeaways from ex-Wells Fargo board members’ visit to Congress

03/11/20

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

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Wells Fargo boosts minimum wage in most of its U.S. markets

03/04/20

The bank's announcement comes a week before CEO Charlie Scharf and two board members will testify on Capitol Hill.

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A profit letdown for banks in 2019

02/25/20

The FDIC’s Quarterly Banking Profile said lackluster net interest income, likely resulting from lower short-term interest rates, drove a decline in fourth-quarter and full-year earnings.

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Election 2020: Is nightmare scenario closer to reality for banks?

02/23/20

Bernie Sanders’ rise to front-runner status for the Democratic nomination worries many bankers, but their opinions diverge on his electoral chances and whether a Sanders presidency would pose a direct threat.

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Wells Fargo CEO to testify before House lawmakers in March

02/21/20

The hearing will be one of three held by the House Financial Services Committee to scrutinize the bank next month.

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PNC gets sued, LendingClub buys bank, regulators spar: Top stories of the week

02/21/20

Tech firm accuses PNC of stealing trade secrets; online lender LendingClub agrees to acquire Radius Bank; questions arise whether regulators are turning more partisan; and more from this week's most-read stories.

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