Longtime Zions executive LeeAnne Linderman to retire

06/26/18

LeeAnne Linderman, who oversees retail banking for Zions, was the first female chair of the Utah Bankers Association and has mentored and advocated for women in the industry.

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Democrats stick by Waters for banking panel despite controversy

06/26/18

The 13-term California Democrat is in line to chair the Financial Services Committee if her party wrests control of the House in the November election.

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The robots at HSBC aren't bankers. Yet.

06/26/18

At 4 feet tall and with a child's voice, Pepper won't replace tellers, but it can help bank customers interested in applying for a credit card or having issues with an ATM.

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BofA sued for role in alleged $102 million Ponzi scheme

06/26/18

The class-action suit filed on behalf of people who lost money in the scam accuses Bank of America of failing to spot suspicious activity, including deposits of hundreds of thousands of dollars into accounts with small or negative balances.

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Chaos atop CFPB could get worse after appeals court ruling

06/26/18

It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position.

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Court keeps Ocwen records sealed in CFPB dispute over escrow accounts

06/26/18

Ocwen Financial is able to keep the answers to questions from the Consumer Financial Protection Bureau involving the improper handling of escrow accounts confidential, a federal magistrate ruled.

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Can airport branches be more than expensive billboards?

06/26/18

The rents are steep and they don't generate much revenue, but some banks believe that airport branches still have a role to play in their retail strategies — particularly as advice centers.

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BMO Financial cuts first major North American lending deal with cannabis firm

06/26/18

Aurora Cannabis in Edmonton, Alberta, said it recently agreed to a $150M term loan and a $50M line of credit from Bank of Montreal, the largest traditional bank investment into the marijuana industry to date.

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House passes bill allowing telecom, utility payments in credit scores

06/25/18

The legislation, authored by Rep. Keith Ellison, D-Minn., is aimed at helping lower-income consumers build their credit histories.

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Wells Fargo fined by SEC over ‘flipping’ of structured products

06/25/18

The company's brokerage unit agreed to pay $5.1 million to settle claims that employees persuaded clients to sell certain investments before maturity in order to collect higher fees.

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