CFPB delays compliance date for key part of payday lending rule

06/07/19

The CFPB issued a final rule late Thursday to delay the compliance date for mandatory underwriting provisions of the 2017 payday lending rule.

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Regions to buy health care asset management firm

06/07/19

Highland Associates has $26 billion in assets under management on behalf of not-for-profit medical endowments and foundations. Regions Financial is following the lead of other regionals, which have been scooping up investment firms that specialize in health care.

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Can Fannie, Freddie be overhauled without Congress?

06/07/19

The Federal Housing Finance Agency has far more authority to upend the status quo than most realize, according to a new report.

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Credit union shopping spree funded by taxpayers

06/07/19

As credit unions buy up community banks, policymakers should take another look at ending the industry’s tax exemption and regulatory breaks.

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New role for blockchain; why so many bankers run

06/07/19

Digital Asset Holdings eyes blockchain for 'smart contracts'; readying for a marathon is like competing for a big client.

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Wells Fargo to pay $385 million to settle auto insurance scam

06/07/19

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit.

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6 policy responses to leveraged lending fears

06/06/19

Options include legislation to study the risk of leveraged loans, more aggressive action by the Financial Stability Oversight Council and additional capital buffers. Policymakers may also choose to do nothing.

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$17B gone: The biggest-ever advisory team exit and the bank that lost it

06/06/19

For First Republic Bank in San Francisco, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money.

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$17B gone: The biggest-ever advisory team exit and the bank that lost it

06/06/19

For First Republic Bank in San Francisco, “the pain index is likely somewhere between excruciating and traumatic,” says one expert. But few realize how much the bank got for its money.

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Where did JPMorgan Chase's Finn experiment go wrong?

06/06/19

The bank launched Finn in an effort to attract millennials. But there were problems with how it implemented the digital-only brand, experts said.

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