Regions to sell insurance business to BB&T

04/06/18

BB&T is the nation's fifth-largest insurance broker. The deal, expected to close in the third quarter, would further expand its reach in the Southeast and Texas.

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Dear Congress: We can't wait on reg relief

04/06/18

Small financial institutions are eager to see the Senate’s reform bill signed into law, but House efforts to amend the legislation risk stalling the effort.

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State AGs look to fill CFPB void; Dimon's glass-half-full on JPM

04/06/18

Several states have created their own operations aimed at shoring up what they see as oversight holes created by the CFPB; JPMorgan CEO’s annual letter (47 pages, this one) runs the gamut.

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'The starting line of a very bad path’: Comments of the week

04/05/18

Readers react to Mick Mulvaney’s proposal to restructure the Consumer Financial Protection Agency, opine on Community Reinvestment Act reform ideas, weigh in on emojis in digital banking and more.

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FSOC to consider whether Zions is still systemically important

04/05/18

The Financial Stability Oversight Council will hold an executive session next week to consider whether Zions Bancorp. should still be considered a systemically important financial institution.

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Wells Fargo execs, directors got the boot. Will its auditor be next?

04/05/18

KPMG has been the bank's auditor since 1931. Critics say it's time for a change.

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NCUA’s Metsger hammers federal judge’s field-of-membership ruling

04/05/18

National Credit Union Administration Board Member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

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Mulvaney thwarts Warren inquiry, citing CFPB structure

04/05/18

The agency’s acting director uses a reply letter to the senator not to answer her questions but to underscore that Congress lacks the ability to compel answers to such questions.

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What are the ethics of AI for bankers?

04/05/18

Cathy Bessant, chief operations and technology officer at Bank of America, shares her thoughts on how companies can prevent human foibles and biases from creeping into their software and the need to build an ethical framework for AI software development and use.

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JPMorgan has 'a responsibility' to recruit ex-cons, Dimon says

04/05/18

In addition to his highly publicized comments on trade and other political issues, the CEO of JPMorgan Chase used his annual letter to underscore the importance of job training for low-wage workers and call attention to an FDIC proposal that encourages banks to hire workers who have been convicted of minor crimes.

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