‘Mini CFPB’ won’t solve California’s bank regulation problems

05/03/19

The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark.

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Facebook plans crypto-based payments system; Sloan was a keeper

05/03/19

Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells.

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N.Y. regulator’s suit to stop fintech charter gets green light

05/02/19

The Office of the Comptroller of the Currency had sought to dismiss the case, but a court ruling suggested that the state regulator’s claim may have merit.

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OCC official provides more detail on financial innovation pilot

05/02/19

The head of the agency's innovation office said the program will be available only to OCC-regulated institutions.

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After JPMorgan Twitter bungle, how should banks talk about personal finance?

05/02/19

When a tweet drew backlash from customers and politicians on Monday, it brought into question how banks should couch their messages on social media.

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OnDeck lowers revenue target after charge-offs climb

05/02/19

The online small-business lender said it tightened its underwriting standards during the first quarter as credit quality worsened.

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CFPB turns its reg relief focus to HMDA

05/02/19

The Consumer Financial Protection Bureau proposed steps to ease Home Mortgage Disclosure Act requirements, just days after announcing it was retiring a platform to let users analyze raw mortgage data.

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Trump: Stephen Moore out as potential Fed nominee

05/02/19

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

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Synchrony appoints executive to oversee venture investments, M&A

05/02/19

Brian Doubles, who had been chief financial officer, will continue to report to CEO Margaret Keane in the newly created role.

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Fiserv hit with lawsuit from small Pennsylvania credit union

05/02/19

The tech company denied allegations from Bessemer System Federal Credit Union regarding security issues and other problems with Fiserv's services.

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