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The industry continues to push for leniency as the clock ticks toward adoption of the drastic change to how banks account for expected loan losses. ... Read full article

Its noninterest expense rose 17% from a year earlier, in part because of costs stemming from its recent overdraft protection settlement with federal regulators. ... Read full article

The retailer is ending its nearly two-decade credit card relationship with Synchrony Financial; Mulvaney says the bureau will first negotiate, not sue, to settle disputes. ... Read full article

As a House staffer, Dino Falaschetti tried to repeal Treasury’s Office of Financial Research. He should not be put in charge of it. ... Read full article

Readers respond to Mulvaney's changes to the CFPB's consumer board, weigh a proposal regarding fair lending, react to adoption of pot banking regtech and more. ... Read full article

Synchrony Financial said its credit-card deal with Walmart won't be renewed and will expire next year. The largest issuer of store cards said Thursday that it's evaluating whether to sell the $10 billion in balances or retain the portfolio and ... Read full article

The Vatican's recent criticism of credit default swaps is reigniting a debate about the use of such financial products. ... Read full article

The person-to-person network also saw $28 billion in payments in the quarter and it added more bank members. ... Read full article

The California company also benefited from higher interest rates and double-digit loan growth. ... Read full article

A smaller tax bill and a double-digit growth in card loans offset weakening credit quality at the Riverwoods, Ill., company. ... Read full article

John Turner, who became CEO of the Alabama company this month, has promoted John Owen to COO. Its Turner’s second executive appointment this week. ... Read full article

First Hawaiian, which is currently being spun off from BNP Paribas, has hired Ravi Mallela as chief financial officer. ... Read full article

Wells Fargo is considering a sale of commercial real estate broker Eastdil Secured, according to a person briefed on the matter. ... Read full article

Whoever succeeds current Director Mel Watt will have a front-and-center role in efforts to reform Fannie Mae and Freddie Mac. ... Read full article

The Detroit company is facing stiffer competition in the battle for online deposits, but it has benefited from a key rival's retreat in auto lending ... Read full article

President Trump isn’t the first commander in chief to try to exert influence over the central bank, and history shows the clashes can end badly. ... Read full article

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase. ... Read full article

Forrester principal analyst Alyson Clarke explains why the two nonbanks fared well in a recent survey of 110,000 Americans. ... Read full article