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Michael Bright co-wrote a paper in 2016 that envisioned making the agency a backstop for the housing finance system, but appeared to distance himself from the proposal at his confirmation hearing. ... Read full article

An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company. ... Read full article

The Fed’s top regulator is reportedly gunning to run the international Financial Stability Board, but the president's trade wars and recent criticism of Europe are impeding that effort and weakening U.S. regulators' hand more generally. ... Read full article

The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president. ... Read full article

The banking industry lost a key battle in the Supreme Court over the use of “disparate impact,” but legal observers see potential for the tide to turn if Judge Brett Kavanaugh is confirmed. ... Read full article

The announcement comes as Fannie Mae promoted David Benson to serve as president of the government-sponsored enterprise. ... Read full article

The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth. ... Read full article

The Federal Housing Finance Agency is suspending its ongoing review of new credit scoring models and will instead move forward with creating a regulatory framework for providers of alternative credit scores to apply and be evaluated for use by Fannie Mae ... Read full article

Leroy Abrahams had previously served as president of the bank's North Central Alabama region. ... Read full article

Europe's new data privacy rules have forced banks to get creative to protect sensitive data from in appropriate access or breaches. ... Read full article

First Green Bank in Florida had to stop holding deposits for licensed marijuana sellers as a condition of making a deal. ... Read full article

Bank of America Merrill Lynch has launched a mobile application to support commercial prepaid card programs and their cardholders. ... Read full article

The Boston bank said the digital lending platform has cut down the time it takes to deliver loan decisions by roughly 40%. ... Read full article

The Conference of State Bank Supervisors says state and federal regulatory coordination on third-party technology service provider exams eliminates duplication ... Read full article

As interest rates rise, banks need to watch how much they are paying on deposits to avoid exceeding rate caps designed to ensure liquidity. ... Read full article

Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending. ... Read full article

The bank also agreed to pay a $5 million fine to settle allegations that it overcharged consumers between 2010 and 2013. ... Read full article

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article