JPMorgan $143M loan loss is said to be tied to Steinhoff

01/12/18

JPMorgan Chase & Co.’s equities business took a big hit from Steinhoff International Holdings NV last quarter.

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'This guy lives in Fantasyland’: Comments of the week

01/12/18

Readers react to the Federal Housing Finance Agency considering changing its credit scoring policy, slam the possibility of enforcing mandatory penalties for data breaches at credit reporting agencies, weigh the possible nomination of a credit union regulator to the CFPB, and more.

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Tech fixes will bring more business to FHA, top HUD official says

01/11/18

Adolfo Marzol, an official at the Department of Housing and Urban Development, is optimistic that technological improvements and other changes can help draw Federal Housing Administration lenders back to the fold.

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The nosiest banker ever, Wall Street’s #MeToo moment and CFPB drama galore

01/11/18

Sundie Seefried is high on pot banking. Hollywood is not so sweet on the former SBA head's bid for Weinstein Co. Another woman takes on Mick Mulvaney in court. And what's shushing women on Wall Street with stories to tell? Arbitration, for one thing.

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Data security takes center stage as state legislatures convene

01/11/18

If Congress doesn’t take the lead on better protecting consumers from data breaches, states are more than ready to offer their own fixes. Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and elder financial abuse.

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More questions for Wells Fargo after exam rating leak

01/11/18

The disclosure of a key part of Wells Fargo's exam rating is fueling speculation that further regulatory action may soon be taken against the megabank and raising renewed questions about its regulator's oversight.

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MoneyGram pilot is important real-world test for Ripple's payments plan

01/11/18

The San Francisco startup behind the cryptocurrency XRP claims it can send money around the world faster, cheaper and with greater transparency.

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Be prepared, Indianapolis bankers: B of A has landed

01/11/18

Bank of America has opened a flagship branch downtown and plans several so-called robo branches across the city. It has used a similar strategy to enter new markets in the past year.

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Despite loss, legal battle against CFPB's Mulvaney isn't over yet

01/11/18

After a significant setback this week in the legal bid to unseat Mick Mulvaney as acting director of the Consumer Financial Protection Bureau, consumer groups are pinning their hopes on a second case they hope will provide a different result.

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Merrill Lynch partners with fintech on texting service

01/11/18

Banks have strictly controlled adviser-client text communications due to regulatory concerns.

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