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Four questions as Senate vote nears on CFPB arbitration rule

10/24/17

The GOP appears to have barely enough votes to roll back the contentious CFPB rule, and floor debate was expected to begin Tuesday with a final vote possible at any time. But victory was not assured, and the fallout could be significant for all sides.

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CIT Group's profit rises as Alemany continues streamlining

10/24/17

Net income at the Livingston, N.J., company climbed 67% due to a variety of one-time items tied to its ongoing restructuring.

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Fight to kill CFPB arbitration rule could rest on whose data is right

10/23/17

With days ticking down for lawmakers to overturn the Consumer Financial Protection Bureau rule, some are now questioning the statistics used to challenge the bureau’s data.

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Treasury says CFPB arbitration rule hurts consumers

10/23/17

The Treasury Department released an 18-page report saying the rule would “impose extraordinary costs” including legal fees mostly for lawyers that bring class-action lawsuits.

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State's economic strength boosts Bank of Hawaii profits

10/23/17

Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter.

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Mortgage deduction alternative emerges in tax reform talks

10/20/17

Some housing groups are warming to an idea that they say could help more Americans benefit from housing-related subsidies than the mortgage interest deduction.

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SunTrust overcomes mortgage slowdown with strong consumer loan growth

10/20/17

SunTrust’s yields have improved as it has increased its credit-card and student lending and made more online personal loans through its LightStream subsidiary.

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Amazon’s grocery expansion a threat to CRE, banks fear

10/19/17

With online retailers beginning to challenge the dominance of brick-and-mortar grocery stores, CRE loans to strip mails anchored by them look riskier.

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East West Bancorp's profit jumps 20% on strong loan growth

10/19/17

The $36.3 billion-asset bank reported double-digit growth in C&I loans, commercial real estate loans and specialty loans to the private-equity, entertainment and energy industries in the third quarter.

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Mortgages, tech expense create drag at Umpqua

10/19/17

Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations,

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