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Mick Mulvaney, controversy magnet

04/30/18

Since taking office in November of last year, acting Consumer Financial Protection Bureau Director Mick Mulvaney's actions have sparked outrage seemingly at every turn, including several times just last week.

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Wells Fargo, you’re the worst’: Scenes from testy annual meeting

04/24/18

CEO Tim Sloan and board chair Elizabeth Duke fielded tough questions Tuesday on everything from the embattled bank’s culture to its ties to the private prison industry.

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The death of the Basel Committee has been greatly exaggerated

04/24/18

The international standards-setting body is weathering the infatuation with isolationism in the U.S. and elsewhere better than expected.

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House bill aims to improve transparency of CFPB guidance process

04/23/18

The legislation would prohibit the CFPB from penalizing institutions that rely in good faith on guidance from the bureau.

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Mulvaney response to CFPB data security gaps baffles cyber experts

04/23/18

The agency's acting chief said hundreds of data breaches justified a halt on collecting information from firms, but experts question that logic.

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Amid hurricane recovery, Popular rebrands itself

04/09/18

It’s still not business as usual, but the decision to unify its two brands — Popular Community Bank on the U.S. mainland, Banco Popular in the U.S. territories — under a single, simpler name is a welcome sign that Puerto Rico’s largest bank is moving forward after the devastation of Hurricane Maria.

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For ag bankers, fear and loathing over China’s tariffs

04/04/18

China’s threat to impose hefty tariffs on dozens of U.S. imports could weaken demand for soybeans, pork and other agricultural products. Here's what that could mean for farmers, ranchers and the banks that lend to them.

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Consumer delinquencies decline as job market improves

04/04/18

Late-payment rates at banks declined in nine out of the 11 consumer loan categories tracked by the American Bankers Association, including credit cards, auto loans and personal loans.

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Will court ruling on robo-calling help or hurt consumers?

03/20/18

Banks say that an appeals court’s decision to ease restrictions will allow them to warn customers more easily when loans are past due or accounts have been compromised. But consumer groups argue that the decision gives financial firms license to market their products more aggressively and could lead to more harassing phone calls over unpaid debts.

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RBS tally for RMBS settlements reaches $6 billion

03/06/18

Royal Bank of Scotland Group has agreed to pay $500 million to the state of New York after a $5.5B agreement last year with the FHA, and another probe is pending.

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