BofA to end payments joint venture with First Data next June

07/30/19

Bank of America said it will end a payments joint venture with First Data next June when a contract between the two companies expires.

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A GSE plan before the election has risks — but so does doing nothing

07/29/19

Some believe the administration will delay action on Fannie Mae and Freddie Mac to avoid any political fallout. Others say the window for reform is closing.

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Capital One systems breached by Seattle woman, U.S. says

07/29/19

Capital One Financial Corp. lost data from as many as tens of millions of credit card applications after a Seattle woman hacked into a cloud-computing company server, federal prosecutors in Seattle said.

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Mnuchin's former bank agrees to $100M redlining settlement

07/29/19

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which was run by Steven Mnuchin prior to him becoming Treasury secretary.

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What's next for OnDeck after breakup with JPMorgan?

07/29/19

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership.

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JPMorgan, Citi among banks facing $1 billion FX-rigging suit

07/29/19

It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions.

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Ex-N.Y. regulator Maria Vullo on fintech fight, Facebook's crypto plan

07/29/19

The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC.

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Former CFPB official 'may have abused his authority': Inspector general

07/29/19

Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.

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JPMorgan Chase ends business loan partnership with OnDeck

07/29/19

The decision is a blow to OnDeck, which said Monday that it intends to pursue a bank charter, either by applying for one or by buying a bank.

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CECL: A solution in search of a problem

07/29/19

The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.

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