Dems demand fair-lending docs from CFPB's Mulvaney

02/16/18

Democratic lawmakers are objecting to acting CFPB Director Mick Mulvaney's decision to strip the fair-lending office of enforcement powers.

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Mueller indictment says Russians used PayPal to buy Facebook ads

02/16/18

A sophisticated campaign by Russian actors seeking to manipulate the 2016 U.S. presidential election through social media included stealing the identities of Americans and using accounts at PayPal to aid their effort.

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Hensarling blasts FHFA for allowing GSE affordable housing payments

02/16/18

The House Financial Services Committee chairman is calling out Fannie Mae and Freddie Mac's regulator for authorizing payments to two housing trust funds while the mortgage giants have their own financial struggles.

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Silicon Valley Bank recruits new class for fintech accelerator

02/16/18

Four of the startups are focused on business and consumer bill payments, and a fifth offers student loan repayment assistance as an employee perk.

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U.K. regulator's big idea: Take innovation sandbox global

02/16/18

The Financial Conduct Authority is seeking input on whether it should expand its fintech testing ground to include startups and regulators from around the world.

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Banks' underground data vault is evolving — will it use blockchain next?

02/16/18

Banks scrapped a plan to create a shared data bunker for customer data in favor of a backup buddy system. Some argue a move to blockchain should be next.

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Here's how new Fed chief Powell is changing things up

02/16/18

Jerome Powell is the first Federal Reserve chairman in more than a decade to have any background in the private sector. That could explain changes he's implemented in his first weeks on the job.

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Citigroup lifts Corbat's pay 48% to $23 million for '17

02/16/18

Citigroup Chief Executive Officer Michael Corbat received $23 million in compensation for 2017, a 48 percent increase from a year earlier and the biggest pay package he's received since taking the top job.

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Don’t reinvent the wheel on housing finance: Restore Fannie and Freddie

02/16/18

As the debate over housing reform heats up, policymakers should give careful consideration to a plan that recapitalizes the government-sponsored enterprises.

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U.S. Bancorp, a big bank untouched by scandal — until now

02/15/18

The bank’s unsullied image took a hit when it admitted to misleading regulators regarding its efforts to combat money laundering.

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