This fintech is taking anti-bank marketing to extremes. It may pay for it

12/19/18

Good Money just raised $30 million and is a year away from launching, but already is raising concerns for its trash-talking of established players.

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Square to make another bid for bank charter

12/19/18

The payments processor was among numerous firms earlier this year to withdraw an ILC charter application over questions about its plan.

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Tough standards for biggest banks not going away: Fed’s Powell

12/19/18

Federal Reserve Chairman Jerome Powell demurs on regulatory relief for largest banks while saying he is “open” to countercyclical buffer.

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Kraninger’s move to ditch CFPB name change is a savvy one

12/19/18

Kathy Kraninger's unexpected decision is small, but symbolically important. Here's why.

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N.Y. bank regulator Vullo to depart

12/19/18

Maria Vullo is stepping down as head of New York's banking and insurance regulator after three years in which she created a national model for cybersecurity regulations at banks and fought back against federal attempts to chip away at payday-lending rules.

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'BCFP' no more: Kraninger scraps plan to rebrand CFPB

12/19/18

Kathy Kraninger's first official action as head of the Consumer Financial Protection Bureau is to reverse course on acting chief Mick Mulvaney's effort to rename it the Bureau of Consumer Financial Protection, which consumer groups and others had sharply criticized as confusing and costly.

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FDIC’s interest rate restrictions need a rewrite

12/19/18

The agency’s rate cap for banks that are less than well capitalized contains several flaws and poses problems for community banks.

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JPMorgan stock downgraded amid doubts over banks' growth prospects

12/19/18

Atlantic Equities’ John Heagerty cut his recommendation on JPMorgan Chase to neutral, saying the bank now “offers the least upside” to price targets among the major banks.

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OnDeck to offer equipment financing to small businesses

12/19/18

The online lender will roll out the business early next year with a focus on loans of less than $100,000.

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Barclays’ penalty for whistleblower case; 1MDB case expands

12/19/18

Bank hit, but CEO Jes Staley escapes NYS fine for trying to unmask a whistleblower; Malaysia will pursue criminal complaints against Goldman in other countries.

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