Trump administration

Trump kills CFPB arbitration rule; Blockchain MIA

11/02/17

Rule that would have made it easier for banks to be sued is repealed; a survey says the technology isn’t a priority for bank CIOs.

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Trump signs resolution killing CFPB arbitration rule

11/01/17

With little fanfare, President Trump officially nixed the rule prohibiting financial firms from including mandatory arbitration clauses.

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Big banks pay up; Paytm eyes U.S.

10/31/17

Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand.

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Cordray's personal appeal to Trump: Save the arbitration rule

10/30/17

CFPB Director Richard Cordray sent a letter to President Trump Monday asking him to veto a Republican resolution to nullify the bureau's arbitration rule.

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Powell as Fed chair? Five things bankers should know

10/30/17

If President Trump picks Federal Reserve Board Gov. Jerome Powell as its next chair, it may represent the best of all worlds for bankers — a policymaker who will continue the central bank's monetary policy but be open to regulatory changes.

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Treasury plan to weaken capital rules has real economic costs

10/30/17

The political pendulum appears to be swinging toward significantly lower capital requirements, but that threatens to undo the gains banks made in the wake of the financial crisis.

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Trump’s plan for the Fed; Dimon’s timely dealing

10/30/17

President Trump is expected to announce his Fed chair nominee this week; three deals earned JPM's boss almost $100 million.

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Warren fights uphill battle against Montgomery’s FHA nomination

10/26/17

Brian Montgomery appears headed for easy confirmation for another stint as commissioner of the Federal Housing Administration, despite objections by Sen. Elizabeth Warren that he is too close to the financial services industry.

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Warsh vs. Quarles said to be renewed by Trump Fed search

10/25/17

The race to be the next Federal Reserve chairman is rekindling an old feud between Kevin Warsh, one of the Trump administration's finalists, and Randal Quarles, the newest Republican appointee to the Fed board, according to several people familiar with the matter.

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Senate votes to kill arbitration rule; banks pay up

10/25/17

Pence breaks tie to overturn rule prohibiting mandatory arbitration; depositors receiving higher rates in effort to retain them.

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