Fed eyes interest on excess reserves changes for certain banks

03/06/19

The Federal Reserve said it wants to discourage banks from using returns on Fed account balances as a business model.

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Waters to seek whatever needed in Trump-Deutsche Bank probe

03/06/19

House Financial Services Committee Chairwoman Maxine Waters said she has advised her staff to seek whatever information it needs in investigating Deutsche Bank's ties to President Trump's businesses.

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House Democrats target CFPB politicos, other Mulvaney changes in new bill

03/06/19

The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.

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Wells Fargo speculation, female-friendly fintechs and Most Powerful Women on the move

03/06/19

Is it realistic to think Wells Fargo might get a new female CEO? How one fintech makes women feel welcome, and how another fosters innovation. Plus some of our Most Powerful Women make big moves – two retire, one jumps from BNY Mellon to Amex, one exits a board and another joins one.

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Dear CFPB: Revamp your complaint database

03/06/19

Under the recently appointed Director Kathy Kraninger, the bureau has the opportunity to address numerous problems with its collection and presentation of consumer grievances.

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Goldman unbuttons its collar; PACE loan rules coming

03/06/19

The white-shoe firm is relaxing its “stuffy” dress code for a more “flexible” one; the CFPB plans to toughen rules on energy-saving project lenders.

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Will big banks' suit against NCUA be a bust?

03/06/19

Several megabanks have sued the National Credit Union Administration claiming breach of settlement in a previous case related to mortgage-backed securities, but trends may favor the agency.

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Is Dodd-Frank oversight council still relevant?

03/05/19

The interagency panel formed to head off approaching systemic risks must figure out its next move after having undone designations of nonbank firms.

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GreenSky teaming with Amex to offer home improvement loans

03/05/19

The Atlanta company, which reported fourth-quarter results Tuesday, will test the partnership in five cities as part of an ongoing effort to add new sources of revenue.

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JPMorgan ends financing of private prisons after criticism

03/05/19

The biggest U.S. bank says it will break off its relationship with the private-prison industry after deciding it's too risky.

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