OCC goes it alone on first step toward CRA overhaul

08/28/18

The Office of the Comptroller of the Currency issued more than 30 questions for the public as it begins an effort to modernize the Community Reinvestment Act.

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Bank of Montreal's U.S. push rewarded with record profit

08/28/18

Bank of Montreal set a profit record for its U.S. business, thanks in part to Donald Trump's tax cuts and lower provisions for bad loans.

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Why Quarles is a no go at FSB; Employee thrashes CFPB on his way out

08/28/18

Randal Quarles was considered for Financial Stability Board chair spot; the outgoing student loan ombudsman says the agency puts lenders before consumers.

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Bell Bank employees embrace ideal of 'North Dakota nice'

08/27/18

Inspired by the book "How Fargo of You," Bell Bank has an awards program that recognizes employees with a talent for the little touches that matter to customers.

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Mitek CEO to depart in leadership shuffle

08/27/18

Jim DeBello will leave his post as CEO of digital capture and mobile identity company Mitek, one of a handful of high-level personnel moves at the company.

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Biggest U.S. banks slash muni-bond holdings after tax cut

08/27/18

JPMorgan Chase, State Street, Wells Fargo, Citigroup and Bank of America decreased their holdings of tax-exempt bonds by nearly $16 billion in the first half of 2018, according to quarterly filings with the U.S. Securities and Exchange Commission.

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There's no harm in OCC's single-agency approach on CRA — for now

08/27/18

Unilateral approaches to bank regulation are risky, but the OCC's plan to seek public comment independent of the other agencies could help shed light on a CRA debate that is now being waged internally.

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CFPB's student loan ombudsman resigns in scathing letter to Mulvaney

08/27/18

Seth Frotman, whose student lending unit had been gutted in May, said the bureau's current leadership "has abandoned its duty to fairly and robustly enforce the law.”

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GSE reform could increase costs to borrowers: CBO

08/27/18

The Congressional Budget Office has found that restructuring the mortgage market would save the government billions of dollars but may increase the cost of housing.

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Lending rebound fades; Wells cuts jobs in mortgage unit

08/27/18

Small and midsize banks are most at risk as commercial loan volume fails to ignite; the cutbacks are partly the result of lower origination volume.

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