Democrats reiterate concerns about head of CFPB innovation office

08/15/19

Sen. Elizabeth Warren, D-Mass., and three House members are seeking more details about Paul Watkins' past work with an organization the Southern Poverty Law Center says is an anti-LGBTQ hate group.

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Unfazed by Capital One breach, KeyBank begins migration to cloud

08/15/19

The bank is moving a large analytics program and a massive amount of data into Google's public cloud, which its tech chief says is more efficient, secure and better able to handle spikes in demand.

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Lender risk from CFPB underwriting rule tested in Ohio case

08/15/19

The industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.

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Nonbank players are ready for CECL — are banks?

08/15/19

The accounting standard is coming regardless of a delay. It will bring some nonbank lenders to the forefront of banking competition.

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HSBC USA launches digital lending platform, admits to playing catch-up

08/14/19

The LendingClubs and SoFis of the world have a big head start, but HSBC's U.S. unit says its partnership with the fintech Avant will help it close the gap in online personal loans.

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Why Senate Republicans are sitting out pot banking fight

08/14/19

The 2020 election is shaping up to be a key yardstick for legislation expanding cannabis firms’ financial services access.

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Mortgage servicer AmeriNat refiles for industrial bank charter

08/14/19

The company withdrew an earlier bid to become an ILC after regulators identified problems with its application. It is seeking a Nevada bank charter because it wants to add deposit management services and expand into small-business lending.

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Racial divide exposed in lending to the smallest of small businesses

08/14/19

Black and Hispanic owners of one-person businesses are more likely to be discouraged from applying for financing, and they’re less likely to receive financing when they do apply for it, than their white counterparts, according to a new report from the New York Fed.

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HUD to loosen restrictions on FHA insurance for condo loans

08/14/19

The Department of Housing and Urban Development will remove some barriers to government-insured condominium lending next month, including a post-crisis measure housing industry groups have long pressed for a change to.

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FTC misled consumers about Equifax settlement, Warren says

08/14/19

The Massachusetts Democrat is questioning a claim by the agency about the amount of redress available to those affected by the credit bureau's 2017 data breach.

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