'So much for the C in CFPB': Comments of the week

06/08/18

Readers react to members of the Consumer Financial Protection Bureau's advisory board getting fired, opine on Sen. Elizabeth Warren slamming deregulation, weigh in on facial recognition technologies and more.

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The internet will be everywhere, in everything. Banks better be, too

06/07/18

Banks will need to evolve further and faster to reach consumers in an interconnected, always online world, according to industry leaders.

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Fed sets dates for public release of 2018 stress tests

06/07/18

The agency will release the results of the Dodd-Frank Act Stress Test on June 21 and the Comprehensive Capital Analysis and Review on June 28.

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Mulvaney’s rationale for firing advisory boards doesn’t hold water

06/07/18

It's tough to explain the bizarre way the CFPB handled the decision to dismiss the members of three advisory councils earlier this week.

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Your bank's been hacked. How soon should investors be told?

06/07/18

That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches.

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Banks reduce municipal-bond holdings for first time since 2009

06/07/18

U.S. banks reduced their holdings of state and local government bonds for the first time since 2009 after the federal government slashed corporate tax rates, according to figures released by the Federal Reserve Thursday.

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Legal filing confirms CFPB's dismissal of PHH case

06/07/18

Acting CFPB Director Mick Mulvaney wrote in a two-paragraph filing that the Mount Laurel, N.J., company did not violate the Real Estate Settlement Procedures Act.

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Which financial apps perform best? J.D. Power gives its grades

06/07/18

The firm graded bank and credit card apps on customer satisfaction, appearance, navigability, and availability and clarity of information.

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Senate Banking panel to vote on two Fed nominees

06/07/18

The panel will vote on economist Richard Clarida to be vice chairman of the Fed board and Michelle “Miki” Bowman to take a seat designated for a community banking expert.

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JPMorgan lab helps fintechs with firsthand knowledge of underserved

06/07/18

The bank’s joint initiative with CFSI awards capital to firms trying to address issues that the startup teams personally experienced.

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