Senate Dems press CFPB on student loan forgiveness

04/05/19

The lawmakers are questioning the agency about its oversight of student loan servicers involved in a federal loan forgiveness program.

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Real-time-payments monopoly puts financial system at risk

04/05/19

The Fed should continue to play a key role in the new payments system, rather than leaving it in the hands of the country’s largest banks, Thomas Hoenig and Bruce Summers argue.

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‘Straight out of the Reign of Terror’: Comments of the week

04/05/19

Readers react to Sen. Elizabeth Warren's "too big to jail" bill, respond to legislation prohibiting banks from denying service to gun dealers, consider the impact of housing finance reform on small lenders and more.

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Trump says pizza exec Cain is in 'good shape' for Fed seat

04/05/19

President Donald Trump said Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being vetted for a seat on the Federal Reserve Board.

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Trump to nominate Cain to Fed; Dimon calls for mortgage reforms

04/05/19

He would be the second controversial pick by the president to join the central bank in the past few weeks; the JPM CEO said there are too many “onerous and unnecessary” rules.

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Where customers are also lenders: One fintech's payday alternative

04/04/19

To generate revenue, SoLo Funds depends on consumers willing to front funds through its platform.

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Choke Point epilogue: Are banks free to refuse service?

04/04/19

The battle lines drawn over federal efforts to restrict bank relationships with politically risky industries used to be clear cut. Not anymore.

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A 'Marshall Plan for America:' Takeaways from Jamie Dimon's shareholder letter

04/04/19

The CEO of the nation's largest bank urged policymakers to ease capital rules for banks and tackle inefficiencies in the housing markets, while offering bold ideas of his own on education and health care.

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Senate confirms Mark Calabria as head of FHFA

04/04/19

The administration official will serve a five-year term as Fannie Mae and Freddie Mac's chief regulator.

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App from Simple co-founder builds bridges from banks to blockchains

04/04/19

Shamir Karkal’s startup, Sila, is launching an API platform that gives developers a way to connect traditional bank systems to distributed ledgers like Ethereum.

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