In rebuke of CFPB, states look to get tough on debt collectors

01/15/20

In another sign of state officials trying to outdo the Consumer Financial Protection Bureau, governors in California and New York want greater authority to license and oversee the debt collection industry.

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Inside Union Bank's development of a new core system

01/15/20

The bank was burned by a core replacement project that failed in 2011. This time, it's using its PurePoint unit as a test lab and co-developing the software.

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Lawyer picked to defend CFPB before high court backs agency structure

01/15/20

The Supreme Court appointed Paul Clement to represent the agency after the bureau’s current director questioned its constitutionality.

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Trump asks JPMorgan's Erdoes to say 'Thank you, Mr. President'

01/15/20

A smiling President Donald Trump thanked some of the biggest U.S. companies for about 10 minutes on Wednesday at the White House, where he was celebrating his trade deal with China. When it came to JPMorgan Chase, he asked for reciprocation.

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Goldman curtailed personal lending after launching Apple card

01/15/20

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.

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Citi slightly improves raw pay gap numbers

01/15/20

In the year since it voluntarily disclosed its own data, Citigroup has shown an improvement in its median pay for female and minority employees, the firm said Wednesday.

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U.S. Bancorp counting on fee businesses to drive growth in 2020

01/15/20

A tough fourth quarter seemed to foreshadow challenges in the year ahead for the nation’s fifth-largest bank.

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BofA chief emphasizes 'responsible growth' to counter rate pressure

01/15/20

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities.

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PNC learns the downside of paying cash bonuses to new customers

01/15/20

CEO William Demchak said the bank has witnessed "a lot of mischief" among customers who open checking accounts to collect bonuses and then never use the accounts again.

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Wells Fargo loses another patent lawsuit to USAA

01/15/20

Wells was ordered to pay USAA $102.8 million for infringing on its mobile deposit patents. It follows a separate lawsuit loss in November also related to patents.

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