Judge suspends compliance deadline for CFPB payday rule

11/07/18

Reversing a previous order, the Texas judge granted part of the bureau's request to stay the effective date and allow time for the agency to work on changes to the rule.

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Backed by banks, Tester wins narrow victory to keep Senate seat

11/07/18

Tester is the only Democratic supporter of the recent regulatory relief package sitting on the Banking Committee to win re-election this fall.

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Siding with landlords and lenders, Calif. voters reject expanded rent control

11/07/18

Real estate and mortgage industry groups outspent proponents three-to-one to defeat Proposition 10, a measure to allow California municipalities to set local rent control laws.

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Fintechs interested in OCC charter despite lawsuits: Otting

11/07/18

The head of the agency developing the special-purpose federal license said the process is moving forward “independent” of legal challenges mounted by state regulators.

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Purge of moderate Dems will haunt financial industry

11/07/18

The Senate is losing several key backers of last spring’s regulatory relief bill in the wake of the midterm elections.

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JPMorgan backs fintech seeking to disrupt trillion-dollar market

11/07/18

One of the world's biggest banks wants to boost profits by cutting out voice brokers acting as middlemen in the largest derivatives market.

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Divided Congress = gridlock for financial services policy

11/07/18

The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.

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Wells admits wrongful foreclosures; Goldman lawyers up

11/07/18

The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal.

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Should industry fear Waters-led banking panel?

11/07/18

The presumptive chair of the House Financial Services Committee will likely take the panel in a sharply new direction and have a new bully pulpit to criticize the Trump administration.

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What Democrats’ House takeover means for banks

11/07/18

The focus since the 2016 election on easing rules, tax cuts and expanding access to credit is about to be turned on its head.

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