How Trump’s budget affects CFPB, GSE fees, other bank priorities

02/12/18

The Trump administration’s 2019 budget highlights the administration’s goal of reining in the post-crisis regulatory apparatus, with proposed cuts for several agencies including the Consumer Financial Protection Bureau.

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Banking’s response to #MeToo: Training employees to speak up

02/12/18

Strong policies against sexual harassment appear to be a factor in shielding banks from the public shamings that have occurred in other industries, but even they know they can’t get too complacent. Some are ditching old training sessions and trying new things like coaching witnesses on how to report demeaning behavior.

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CFPB chief search complicated by GOP’s tenuous Senate hold

02/12/18

The statutory clock on Mick Mulvaney serving as acting head of the Consumer Financial Protection Bureau is under a year, but the administration's path to getting a full-time director confirmed by the Senate has never looked rockier.

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Well-run banks prioritize the communities they serve

02/12/18

Wells Fargo’s troubles show that the bank needs to rebuild trust with consumers and the diverse neighborhoods where it operates in order to succeed.

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Wells mess continues; Equifax details stolen data

02/12/18

Bank makes errors in refund program; credit bureau now says tax IDs, email addresses and driver’s license were compromised in last year’s hack.

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The warning signs in consumer credit data

02/11/18

U.S. consumers are borrowing more than ever to buy homes and cars, pay for college and even finance every day purchases. Is it a display of confidence in the U.S. economy or are many households living far beyond their means?

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Will multistate licensing plan be enough to woo fintechs?

02/09/18

Fintech firms and industry watchers hope the pilot program will help fix a balkanized chartering system, but getting enough states on board to expand the plan's reach could be a challenge.

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What happens to CFPB if Mulvaney becomes Trump's chief of staff?

02/09/18

Leadership of the CFPB was thrown into turmoil Friday with reports that President Trump is considering naming acting Director Mick Mulvaney to replace White House Chief of Staff John Kelly.

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Wells rocked, crypto regulation and POS lending: Top stories of the week

02/09/18

Fallout from the Fed's blow to Wells Fargo; a call for calm in the rush to regulate cryptocurrencies; point-of-sale lending has its day; and more.

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Behind BMO chief's plan to accelerate U.S. growth

02/09/18

Darryl White sees an opportunity for Bank of Montreal to take more market share in the United States, and he’s betting on investments in mortgage lending, commercial banking and capital markets to get there.

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