Zuckerberg fails to assuage lawmakers on Libra

10/23/19

As Congress continues to seek answers about the proposed ccryptocurrency, the appearance by Facebook’s CEO cast further doubt on the project’s future.

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Discover's treating downturn as a matter of when, not if

10/23/19

It has already been modifying more problem loans and investing in efforts to recover charged-off loans, and now the credit card lender is ready to tighten underwriting in case the economy weakens.

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Challenger banks already had trust issues. Then came the service interruptions.

10/23/19

Outages last week at Chime and Varo Money have executives on the defensive.

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Payments system and community banks need FedNow

10/23/19

Congress should get behind the Fed's effort to launch a real-time payments service instead of getting in its way.

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Banking charter remains a long way off for fintechs after court ruling

10/22/19

A regulatory cloud still follows fintech companies following a judge's decision throwing out the Office of the Comptroller Currency’s special-purpose charter.

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House passes bill to crack down on shell companies

10/22/19

The Corporate Transparency Act would require companies to report their true owners to the Financial Crimes Enforcement Network, removing the burden of banks to collect beneficial ownership information about their clients.

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Regions set to replace core deposit system

10/22/19

The company says the upgrade will support future digital investments. It also said Tuesday that third-quarter profits climbed 8% but reported a sharp increase in criticized business loans.

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FHFA's Calabria is open to wiping out Fannie, Freddie shareholders

10/22/19

At a House hearing covering a whole host of housing finance reform topics, Fannie Mae and Freddie Mac's regulator said "if the circumstances" call for eliminating investors, "we will."

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‘It’s time to be cautious’: Fifth Third CEO

10/22/19

Amid concern that an economic downturn is approaching, Greg Carmichael said that banks need to focus on credit quality and not worry about expanding their balance sheets.

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Warren steps into repo turmoil, asks Mnuchin for answers

10/22/19

The Massachusetts senator and presidential candidate warned the Treasury secretary not to use the incident as a rationale for weakening regulations.

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