Another state creates tech sandbox as federal agencies tread warily

07/03/19

Utah this week became the third state to let companies test cutting-edge financial products without fear of violating licensing and other regulations.

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Customers’ satisfaction with mobile apps is slipping, J.D. Power says

07/03/19

Huntington, Capital One and Citi are tops with consumers, but overall satisfaction scores have declined as users have been overwhelmed by the constant rollout of new features.

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Regulating Libra’s a waste of time

07/03/19

What Facebook really needs is another heavyweight like Amazon or Google to help spur cryptocurrency competition.

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Two Fed nominees likely to support Trump push for easier rate policy

07/03/19

Christopher Waller is a conventional choice drawn from within the Fed’s own ranks. Judy Shelton has spent decades outside mainstream economics. But both are expected to echo the president’s call for lowering interest rates.

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Trump tweets Fed nominee names; Deutsche in selling mode

07/03/19

The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business.

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State AGs oppose CFPB efforts to roll back overdraft rule

07/02/19

New York Attorney General Letitia James said there is “no basis to believe” that the overdraft rule has harmed small banks and credits unions.

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CRA credit for fighting climate change: One Fed bank's suggestion

07/02/19

As policymakers mull ways to update the 42-year-old Community Reinvestment Act, economists at the San Francisco Fed have put forth a novel proposal.

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CFPB filed no fair-lending enforcement cases last year

07/02/19

The CFPB did not file any fair-lending enforcement actions in the 2018 fiscal year and did not refer any Equal Credit Opportunity Act violations to the Department of Justice.

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Is core-banking technology nearing a 'big shake-up'?

07/02/19

Alexander Lopatine, who founded Nymbus and has joined Mbanq, says alternative providers are gaining the confidence of more banks. However, questions remain about their staying power in the fight with traditional vendors.

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Eagle in Md. adds former Wells executive to board

07/02/19

Theresa LaPlaca, one of four new directors at the company, ran an office Wells formed to address issues tied to its sales and reporting practices.

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