Schneiderman's shocking departure doesn't get banks off the hook

05/08/18

Several tough critics of the financial industry are said to be on the shortlist to replace New York's attorney general.

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Big banks should bring back U.S. jobs after tax cut: Brown

05/08/18

In letters to the six largest U.S. banks, the Ohio Democrat accused the banking sector of moving call center jobs overseas while reaping benefits from the recent tax cut law.

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Capital One's $17B mortgage sale paves way for stock repurchase

05/08/18

Capital One Financial Corp. plans to repurchase shares following the sale of $17 billion in mortgages to a Credit Suisse subsidiary.

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House caves, will move ahead on Senate reg relief bill

05/08/18

Speaker Paul Ryan said the House will vote on Dodd-Frank reform legislation that originated in the Senate, but additional House reg relief measures are still on the table.

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OnDeck swings to loss, but loan demand surges

05/08/18

The online business lender would have reported its second straight quarterly profit if not for one-time costs tied to layoffs and lease terminations.

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CFPB's payday rule cuts states off at the knees

05/08/18

The agency’s rule restricting short-term loans ignores state discretion and harms needy borrowers, argues Louisiana’s attorney general.

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Credit card use hits all-time high, and debt highest in years

05/08/18

About 175 million Americans now have access to a credit card, and the delinquency rate has gone up along with that, but an expert at TransUnion, which issued the data Tuesday, said the underlying metrics suggest there is no cause for alarm — yet.

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ValuAct’s Citi stake; SEC commissioner leaving

05/08/18

Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.

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Wells turns to JPMorgan executive for chief risk officer

05/07/18

Amanda Norton will lead the charge to improve risk management at Wells Fargo after its phony-accounts and other scandals.

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Meet Mulvaney's 'politicos': Six senior staff remaking the CFPB

05/07/18

The public face of the Trump administration's revamp of the Consumer Financial Protection Bureau is by no means working alone.

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