Big shift in store for Walmart's largest banking partner

07/09/18

Woodforest National in Texas has relied heavily on hundreds of in-store branches and overdraft fees to boost revenue. That is starting to change.

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How one wellness program begat another at Fifth Third

07/09/18

After the Cincinnati bank started a personal assistant service for new mothers, it learned new parents needed help with budgeting, and that motivated it to team up with a Goldman Sachs firm to establish a financial wellness program for all its employees.

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More white knuckles for lenders as flood insurance deadline approaches

07/09/18

Once again, congressional inaction on reauthorizing the National Flood Insurance Program is prompting concerns about what a lapse in coverage could mean for loan closings.

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CFPB challenger quits; NYSE tech chief joins digital exchange

07/09/18

Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.

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Bankroller of California privacy law warns opponents will gut it

07/09/18

Echoing the set of restrictive rules known as GDPR enacted earlier this year by the European Union, the state legislation — which does not take effect until 2020 — will almost certainly be the subject of intense lobbying from business giants that vacuum up all the data.

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Manafort mortgage bought bank CEO spot as Trump adviser: prosecutors

07/07/18

A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort.

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Banking agencies signal relief for regional banks

07/06/18

The Fed, the FDIC and the OCC said Friday that they have begun implementing changes for regional banks under the new regulatory relief law passed in May.

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This month could be a turning point in fintech regulation

07/06/18

Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.

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Battle over control of CFPB is about to end

07/06/18

Leandra English, who sued President Trump and Mick Mulvaney last year claiming to be the rightful director of the CFPB, said Friday that she plans to resign and drop the litigation.

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Fintech vulnerability, Square bails, new blood among CROs: Top stories of the week

07/06/18

One firm's inability to access bank data shows how fragile fintechs can be; payments processor Square quietly withdraws bank application; turnover of chief risk officers is on the rise; and more from this week's most-read stories.

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