Wells Fargo hires KeyCorp executive to shore up risk management

03/04/19

Maria Teresa Tejada joined the bank Monday as chief strategic enterprise risk officer.

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CFPB moves one step closer to regulating clean energy loans

03/04/19

Following a congressional mandate, the consumer bureau solicited public feedback on Property Assessed Clean Energy loans, which have been deemed risky by the Federal Housing Administration.

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Why small banks can’t keep up; Vanguard steps back

03/04/19

Community banks can’t afford the digital banking services customers demand; Vanguard's "banklike" cash management service couldn't match banks' offerings.

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FDIC crackdown on brokered deposits goes too far: ABA report

03/04/19

A legal memo conducted on behalf of the trade group says the agency’s policy goes beyond statutory intent and places undue restrictions on healthy banks.

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Banks won’t be able to remain on sidelines of privacy debate

03/03/19

The data breach at Equifax and Facebook's scandals have made data privacy a big issue to state and federal lawmakers. Here's why banks need to be worried.

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The states at the forefront of consumer privacy legislation

03/03/19

California and others have passed consumer privacy laws, and lawmakers in Congress are beginning to address the issue.

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In a twist, Wells Fargo gets $240M payout in latest phony-account settlement

03/01/19

The settlement would mark a rare instance where the bank stands to benefit monetarily from a scandal that has severely damaged its reputation and cost it hundreds of millions in penalties.

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Dimon's Square envy, simplified bank switch, still more BB&T-SunTrust: Top stories of the week

03/01/19

JPMorgan's Dimon: Square innovated where we should have; this company simplifies bank switching (and banks pay for it); BB&T-SunTrust deal has Atlanta banks licking their chops; and more from this week's most-read stories.

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Housing groups urge FHFA's Otting to be cautious on GSE reform

03/01/19

The Mortgage Bankers Association, National Association of Realtors and 26 other groups warned the agency not to pursue steps reducing the scope of Fannie Mae and Freddie Mac that could upset the mortgage market.

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More first-time home buyers in the military are using VA loans: CFPB

03/01/19

The conventional market recaptured a lot of the first-time homebuyers it lost during the financial crisis, but service members instead have increasingly stuck with loans insured by the Department of Veterans Affairs.

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