For housing market, tax reform is a wrench in the works

01/04/18

The recently enacted tax reform bill is likely to encourage more consumers to rent instead of buy and tamp down on the rapid rise in home prices.

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Ex-regulator, cybersecurity expert join PNC board

01/04/18

In adding Martin Pfinsgraff, until recently the OCC's deputy comptroller for large-bank supervision, and retired Air Force Brig. Gen. Linda Medler, a cybersecurity expert, the regional bank says it is trying to build a board with expertise in fields of timely interest.

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Can blockchain technology revive peer-to-peer lending?

01/04/18

The people-helping-people model proffered by LendingClub and others quickly foundered, but several startups aim to bring it back with the help of distributed ledger technology.

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Trump administration must back CFPB action against PHH, top Democrat says

01/04/18

Sen. Sherrod Brown called on the Trump administration to support the Consumer Financial Protection Bureau's enforcement action against PHH Corp., which agreed to a $45 million settlement this week related to foreclosure abuses.

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Dodd-Frank is here to stay

01/04/18

The banking industry braced for big changes with the election of President Trump, but the financial reform law has proven its staying power over the past year.

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Jack Ma fails again; mortgage lenders in credit score fight

01/04/18

Billionaire’s bid to buy MoneyGram is his latest setback trying to crack the U.S. market; banks want to stick with FICO while nonbanks want to use VantageScore.

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SunTrust names Ellen Fitzsimmons of CSX as top lawyer

01/04/18

The railroad industry executive will replace Raymond Fortin as general counsel

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Retailers score latest win in fight to allow credit card surcharges

01/03/18

Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.

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Congress to take fresh look at money laundering regs

01/03/18

The Senate Banking Committee's first hearing of 2018 will focus on anti-money-laundering efforts and counter terrorist financing, which could be a precursor to legislative reforms.

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Procedural move will delay top Fed, FHA, FDIC nominations

01/03/18

More than 100 pending Trump administration nominees, including Fed Chair-designate Jerome Powell, must update their financial disclosures and have the White House resubmit their names for consideration by the Senate.

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