Here’s how banks can cash in on cryptocurrency

03/08/18

Banks increasingly avoid crypto, but Grainne McNamara at PwC has come up with a framework banks could use to participate in the digital currency world.

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What's the holdup in small-bank M&A? High asking prices

03/07/18

With interest rates rising, corporate tax rates declining and regulatory relief likely on the way, now is actually a pretty good time to be a bank. That could be why sellers are holding out for more.

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FDIC fines The Bancorp Bank $2M for prepaid card fees

03/07/18

The major prepaid card issuer agreed to the penalty to settle allegations that it had charged higher fees than what was disclosed to customers.

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Core systems contract negotiators expand into fintech assistance

03/07/18

The Golden Contract Coalition, formed in mid-2016 to get community banks better deals with the “big three” core systems vendors, said banks need help with buying from fintech sellers as well.

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OCC’s Otting will be recused from oversight of five banks, agency says

03/07/18

Comptroller of the Currency Joseph Otting will bow out of certain regulatory matters involving CIT and U.S. Bank, where he held leadership roles, and three others.

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CFPB asks industry to weigh in on rulemaking process

03/07/18

The Consumer Financial Protection Bureau issued a request for information Wednesday about certain "discretionary aspects" of the bureau’s rulemaking processes that are not already required by law.

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Is 'too big to fail' over? Markets don't buy it, N.Y. Fed study says

03/07/18

Even as Congress and the Trump administration move to ease post-crisis banking rules they say have gone too far, there's still evidence a central problem of the last crisis hasn't been fixed.

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Mulvaney’s idea for curbing CFPB’s clout: Hand it to other agencies

03/07/18

The Dodd-Frank Act consolidated massive authority under the Consumer Financial Protection Bureau, but acting Director Mick Mulvaney wants the bureau to take a back seat to states and other federal regulators.

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Banks battle retailers over proposal to disclose consumer hacks

03/07/18

Banks and retailers are sparring over whether financial firms should follow a new national standard to quickly notify consumers when they've experienced a data breach.

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Wells Fargo ranks No. 1 in arranging financing for gun industry

03/07/18

Wells has helped gun and ammunition companies access $431 million in loans and bonds since the 2012 Sandy Hook shooting. Other financial firms that are active as bookrunners for gunmakers include Morgan Stanley, TD Securities, Bank of America and JPMorgan Chase.

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