Supreme Court to hear CFPB constitutionality case in March

11/26/19

The high court scheduled oral arguments on March 3 in the lawsuit dealing with a president's ability to fire the head of the Consumer Financial Protection Bureau.

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Industry's 3Q strong despite ‘nonrecurring events’ at 3 banks: FDIC

11/26/19

Profits dipped 7% from a year earlier but banks still earned nearly $60 billion, the agency said in its Quarterly Banking Profile.

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Sens. Warren, Brown ramp up attacks on Apple Card over bias claims

11/26/19

Democratic Senators Elizabeth Warren and Sherrod Brown want the Consumer Financial Protection Bureau to examine allegations of bias against women who applied for an Apple credit card underwritten by Goldman Sachs.

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How faster payments can connect 'islands of processing' between banks

11/26/19

Interoperability has become a top priority in the minds of those advancing faster payments.

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Citigroup hit with record U.K. fine for incorrect reporting

11/26/19

The Bank of England fined Citi $57 million for failing to properly report capital and liquidity levels at its European investment bank and other global operations.

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Why small businesses need regulators' proposed 'Madden' fix

11/26/19

Bank regulators are considering a bypass to the 2015 court ruling governing loan sales that would ultimately offer more credit options to entrepreneurs.

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9 big items on regulators’ to-do list (including CRA reform)

11/25/19

A proposal to modernize the Community Reinvestment Act could be just a snippet of what regulators try to accomplish as they wrap up 2019.

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Will banks be swept into CFPB's debt-collection rule?

11/25/19

Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.

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Rural areas suffer brunt of U.S. bank branch closings: Fed report

11/25/19

More than half of U.S. counties lost access to bank branches between 2012 and 2017, with rural counties that have less educated and minority residents especially hurt, the central bank said.

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OCC gives banks another break on their assessment fees

11/25/19

A 10% cut next year, which will be identical to the fee reduction this year, is projected to save the industry about $85 million next year.

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