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Equifax chief resigns after data theft; interim successor named

09/26/17

Richard Smith has resigned from the embattled Atlanta credit reporting company and will be replaced by Paulino do Rego Barros Jr., a seven-year company veteran. Board member Mark Feidler, a former telecom executive, was named nonexecutive chairman.

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Is Trump’s FSOC still a regulator? Maybe it never was

09/25/17

The Trump administration has implemented an apparent role reversal for the Financial Stability Oversight Council, leaving the true intended role of the post-crisis systemic risk body unclear.

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CFPB examiners moved through training program too fast, IG says

09/25/17

The Consumer Financial Protection Bureau may have commissioned some examiners before they were prepared, a new report has found.

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Online lending is 'natural evolution of banking': OCC's Noreika

09/25/17

Acting Comptroller of the Currency Keith Noreika on Monday gave a ringing endorsement to online lenders seeking to expand into banking, suggesting they should consider taking deposits and seek out national bank charters as they mature.

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Bankers on high alert for liquidity risk as 3Q draws to close

09/22/17

A slight decline in core deposits in the second quarter stoked worries that tighter liquidity is around the corner. Bankers are exploring responses beyond the typical CD rate special if third-quarter results show the trend is continuing.

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Lawmakers to grill Equifax, Wells CEOs in busy week of hearings

09/21/17

The hearings before the Senate Banking Committee have high stakes for both companies, as lawmakers are expected to ask the CEOs whether they should be fired.

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Yellen signals Wells may face more actions

09/20/17

Federal Reserve Chair Janet Yellen said Wells Fargo’s treatment of customers was “egregious and unacceptable," hinting that more regulatory action was likely.

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Are Cordray’s political ambitions holding up reg relief bill?

09/20/17

Lawmakers may feel differently about some elements in a Senate regulatory relief bill depending on whether CFPB Director Cordray is remaining in office until his term expires in July.

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Equifax credit freezes could threaten demand for consumer loans

09/19/17

The Equifax breach has millions of Americans now thinking about freezing their credit to guard against identity theft. But those who act could be cutting themselves off from the nation's vast credit economy.

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Cordray lied, botched Wells investigation: GOP report

09/19/17

Consumer Financial Protection Bureau Director Richard Cordray allegedly misled Congress about the agency's investigation into Wells Fargo's illegal sales practices and may have rushed a settlement with the bank, according to a report by the GOP.

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