New villain in battle over CFPB mortgage rule: Appendix Q

08/12/19

With the agency mulling changes to the “Qualified Mortgage” regulation, mortgage lenders say little-known standards for how they document a borrower’s income would be a good place to start.

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Consumer groups to CFPB: Implement payday rule

08/12/19

Four advocacy groups questioned why the consumer bureau did not ask a judge to lift a stay of the rule's payment provisions.

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USAA walks the diversity talk with latest tech hires

08/12/19

The San Antonio company named Judith Frey vice president of digital banking, Maria Alvarez Mann chief information officer for bank technology and Carri Arnold bank technology officer.

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Venmo adds Instant Transfer link to bank accounts

08/12/19

As the competition mounts to increase adoption rates for person-to-person payment apps, PayPal's Venmo is adding a way for users to quickly move money from the app to their bank account.

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Wells Fargo hires payments vet Colleen Taylor to lead merchant services

08/12/19

Former Mastercard and longtime bank executive Colleen Taylor has joined Wells Fargo, where she will oversee the bank's merchant services strategy.

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Why President Trump has the Fed on the ropes

08/12/19

The Federal Reserve's monetary policies have exacerbated the wealth gap, making the central bank a vulnerable target for Trump. He’s taking full advantage.

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Fed’s hard sell on SOFR; Consumers dialed in on phone banking

08/12/19

A Fed-led working group may pressure Wall Street to adopt SOFR; challenger banks with smartphone-based accounts soar.

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Bankruptcy relief for farmers would compound banks' credit risk

08/11/19

President Trump is expected to sign legislation soon that would expand the number of farmers who could file under the more lenient Chapter 12. Ag lenders are worried because farm bankruptcies recently rose and the trade war with China could worsen.

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6 banking questions for the next Democratic debate

08/11/19

From housing finance to Facebook’s crypto plans, moderators questioning the presidential candidates in Texas next month would have no shortage of financial policy topics from which to pick.

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Regulators may end CRA credit for loans to wealthy: OCC’s Otting

08/09/19

Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers.

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