JPMorgan recruits top academic for AI efforts

05/09/18

Manuela Veloso, head of the machine learning department at Carnegie Mellon University, will join the bank in July.

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Mulvaney guts CFPB’s student lending office

05/09/18

The CFPB's acting director announced new political hires and more plans to overhaul the agency in an email Wednesday.

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Trump attack on Cordray shows Ohio governor race may turn on CFPB

05/09/18

The former CFPB director won the state’s Democratic primary Tuesday night, and his tenure at the agency is likely to be a key issue in the general election.

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Small bank's redlining settlement a cautionary tale in fighting the government

05/09/18

After a long battle with the Justice Department over redlining charges, KleinBank caved as legal costs soared.

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Rod Rosenstein signals era of big corporate penalties is ending

05/09/18

Deputy Attorney General Rod Rosenstein thinks some companies are overpaying for their crimes, and he wants that to stop.

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'Where everyone is going': How analytics is changing the customer experience

05/09/18

Citigroup, Synchrony and other banks are using so-called "journey analytics" to spot weaknesses along the entirety of a customer's interactions with the bank.

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The card-issuing war that’s ignoring the digital revolution

05/09/18

As the gig economy and prepaid cards draw more people into mainstream banking, the card providers are increasingly competing with one another instead of simply moving people away from cash.

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Lawmakers edge closer to filling two Fed vacancies

05/09/18

The Senate Banking Committee will consider the nominations of Richard Clarida and Michelle "Mick" Bowman to the Federal Reserve next week.

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Deutsche Bank mulling 20% reduction in U.S. workforce: Report

05/09/18

The German banking giant isn’t targeting a specific level of cuts in the U.S. and the final figure will depend on each business line’s decisions, a source said. The U.S. makes up about one-tenth of its global workforce.

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Three questions as House reg relief vote nears

05/09/18

The House affirmed this week that it would move forward with a vote on a Senate bill overhauling parts of Dodd-Frank, but how far lawmakers push additional relief proposals is still unclear.

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