Proposed N.Y. de novo has lofty capital goal and ambitious growth plan

08/14/18

Organizers of Piermont Bank said in their application with the FDIC that they want to raise $100 million and eventually operate in several urban coastal communities.

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Synchrony, Lowe's sign multiyear extension of credit card deal

08/14/18

The card issuer Synchrony will continue to manage three cards for the national hardware chain. The timing is good as Synchrony recently lost a deal issuing cards for Walmart.

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Citi shuffles consumer unit; fintechs embrace subprime cards

08/14/18

Anand Selva, a long-time Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans.

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Wells Fargo was hit with more scandal. But does anyone care?

08/13/18

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.

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HUD seeks to ease fair housing rule's burden on local governments

08/13/18

The Trump administration has argued that the Affirmatively Furthering Fair Housing rule, issued in 2015, was too prescriptive.

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Citigroup's credit-card chief to exit in consumer bank shake-up

08/13/18

Citigroup Inc. is restructuring its consumer-banking operation in a shake-up that includes the departure of its global credit-card chief.

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Wells Fargo is eyeing a piece of the $1.4 trillion student-debt pie

08/13/18

Wells Fargo & Co. is considering whether to jump-start its shrinking student-lending business by catering to borrowers holding U.S. government loans.

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Nonbank threat rises; Betting on M&A

08/13/18

Private equity firms are making loans to midsize businesses and online banks are winning deposits by paying 2% interest; Goldman hires a veteran M&A banker.

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CFPB imposes judgment against K.C. payday lending group

08/10/18

The agency's settlement with Robert Moseley, Sr., and Robert Moseley, Jr., was enforced by the U.S. District Court for the Western District of Missouri.

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CFPB path to unwinding payday rule riddled with legal land mines

08/10/18

The bureau is expected to choose an option that could trigger court challenges after a judge yet again refused to halt the rule’s compliance date.

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