In crowded fintech space, BBVA searches for diamonds in the rough

11/14/18

The Spanish bank’s investment arm, Propel, is jointly working with the venture capital firm Anthemis Group to find promising startups.

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FDIC takes first step toward altering small-dollar lending policy

11/14/18

The FDIC is seeking comment on how to encourage small-dollar lending at banks, signaling a course change from guidance it issued five years ago restricting such loans.

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Dems' grilling of Fed's Quarles a preview of what could come

11/14/18

On the verge of controlling the Financial Services Committee, House Democrats criticized proposed changes to the Federal Reserve Board's post-crisis supervision program.

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Otting touts OCC to foreign banks seeking U.S. presence

11/14/18

In a speech in Japan, the comptroller of the currency urged overseas institutions to consider a “single regulatory framework” instead of applying to multiple states.

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Mary Meeker's audacious goal, Wells Fargo's gender drama and Goldman's new partners

11/14/18

Wells Fargo explains to the "girls" that there really is no gender bias, but that guy is retiring, OK? Rana Yared is one of Goldman Sachs' 18 new female partners. And Mary Meeker sets a huge target for the venture capital firm she'll create to invest in tech startups.

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Can an exec from Amazon reboot Simple?

11/14/18

The online-only bank hopes new leadership can help it overcome its rocky past three years.

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FDIC’s rate caps threaten efforts to serve the underbanked

11/14/18

The agency’s flawed methodology for determining interest rate caps on certain accounts poses risks for banks offering free, low-deposit checking and the financial system more broadly.

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Goldman on the hot seat; lending standards flat or easing

11/14/18

Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting.

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Prosper branches out, shifts strategy as it launches second product

11/14/18

The online lender will roll out its first new product in 12 years, a home equity line of credit. But it's taking a different approach than with its original offering.

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Brown defends CFPB independence, calls for focus on small-town issues

11/13/18

As he weighs a possible presidential bid, Sen. Sherrod Brown, D-Ohio, touched on a likely campaign theme Tuesday, saying both political parties have done a poor job dealing with rural concerns.

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