Policymaking

O'Rourke urges credit card lenders to stop backing gun sales

09/12/19

The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."

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CFPB to hold symposium on behavioral economics

09/06/19

The event is the bureau's second in a series on consumer protection policy. The first dealt with the agency's authority to penalize firms for unfair, deceptive or abusive acts and practices.

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Bank industry earnings set yet another record in 2Q: FDIC

09/05/19

Higher net interest income and securities gains boosted quarterly profit to $62.6 billion, which was 4% higher from a year earlier. But potential trouble signs from lower interest rates may emerge.

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HUD plows ahead with effort to restrict down payment assistance

09/04/19

The Trump administration is not backing down even after a federal court blocked guidance that would have limited the operations of national housing funds.

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New front opens in fight over Fed's real-time payments network

08/29/19

Community banks and tech companies that are happy the central bank is building a next-generation system are not as pleased with its four- to five-year timeline. But big banks see the slow rollout as an opportunity to expand their own instant payment network.

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GOP senator seeks hearing on Fed independence after Dudley op-ed

08/28/19

Sen. Thom Tillis of North Carolina called for the panel to hold a hearing on what he termed the danger that the Federal Reserve will meddle in the 2020 presidential election.

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Former FDIC chair joins Fannie Mae's board

08/21/19

Sheila Bair, who holds board seats at several other organizations, will sit on Fannie's compensation, corporate governance and risk policy committees.

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Warren wants answers from Wells Fargo on closed-account fees

08/21/19

After a news report said the bank kept alive accounts customers thought they had closed, Sen. Elizabeth Warren told acting CEO Allen Parker in a letter that Wells is "still fundamentally broken."

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HUD to loosen restrictions on FHA insurance for condo loans

08/14/19

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry groups have long pressed for a change to.

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Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

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