Senate barely confirms Kathy Kraninger as new CFPB director

12/06/18

Kraninger's nomination was lauded by industry groups, but vigorously opposed by consumer groups and Democratic lawmakers.

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FDIC seeks industry help in effort to revive de novo banks

12/06/18

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

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CFPB fines mortgage lender over claims it deceived veterans

12/06/18

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

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Brown, Rubio float bill to protect small-business borrowers

12/06/18

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

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Crypto asset startup founded by ex-BNY Mellon banker raises $8 million

12/06/18

Trustology protects private keys to digital assets the way parking valets look after car keys.

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We can do better on de novos

12/06/18

A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.

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Wells fires district managers; Canadian banks back away from U.S. buys

12/06/18

This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions.

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How Waters will keep pressure on CFPB

12/05/18

Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular.

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Capital One under no pressure to buy Walmart loans, CEO says

12/05/18

Amid negotiations with Synchrony Financial over the potential purchase of a $10 billion portfolio, Capital One's Richard Fairbank indicated Wednesday that he is willing to walk away.

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How can banks stay relevant in a digital world?

12/05/18

Michael Hanley, former head of digital for the World Economic Forum, and Anthony Thomson, the creator of Atom Bank, share their thoughts on the future.

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