Trump says Fed should have Draghi as chief instead of Powell

06/26/19

The president said that European Central Bank President Mario Draghi would do a better job overseeing monetary policy in the U.S. than Fed Chairman Jerome Powell.

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It’s time to reconsider job applicants with criminal records

06/26/19

Credit unions and the rest of the financial services sector, in the spirit of recent criminal justice reform, should be more open to hiring workers with low-level criminal convictions.

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Facebook partners not sure about Libra; Northern Trust's exposure

06/26/19

Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund.

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Warren leads Democratic call to reconsider another CFPB hire

06/25/19

Democratic lawmakers argue that Paul Watkins' former employment at a "homophobic hate group" makes him unfit to lead the agency's innovation office. Watkins says he did no advocacy work for that organization.

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Lawmakers spar over whether Fannie, Freddie are SIFIs

06/25/19

There is bipartisan agreement in the Senate that Fannie Mae and Freddie Mac are "too big to fail" but some lawmakers are skeptical that a SIFI designation is appropriate.

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Trump forms White House council to ease barriers to affordable housing

06/25/19

The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.

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Dimon to Bank of America: We're coming for you

06/25/19

"We're going right at Bank of America, folks, in Charlotte, their hometown," JPMorgan Chase CEO Jamie Dimon said to cheers and laughter at a branch opening in midtown Manhattan. "We've been waiting a long time to start the expansion of Chase retail."

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Bank CIO’s mission: Getting out from under bad tech vendor contracts

06/25/19

Brad Goedken wants agreements for HarborOne Bancorp to include better protections, such as cost reductions if a service fails.

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Minority-owned banks' performance has significantly improved: FDIC

06/25/19

The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.

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Citi ties ThankYou rewards to Mastercard tech for instant redemption

06/25/19

Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app.

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