The familiar fingerprints on the Fed's stress test changes

12/12/17

In contrast to initiatives at other agencies, where Trump appointees are poised to go in a significantly different direction than their Obama-appointed predecessors, the stress test work appears aligned with the vision set out by former Fed Gov. Daniel Tarullo.

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JPMorgan strikes deal with Kroger for Chase Pay

12/12/17

Kroger Co., the largest U.S. supermarket chain, will begin offering JPMorgan Chase & Co.’s Chase Pay mobile wallet in certain markets beginning next year.

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Mulvaney unfit to lead CFPB: Schneiderman, 16 state AGs

12/12/17

Past statements by Office of Management and Budget Director Mick Mulvaney about the Consumer Financial Protection Bureau should disqualify him from leading the agency, according to New York Attorney General Eric T. Schneiderman and 16 other state AGs.

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Mission-oriented neobank gains $47 million in funding

12/12/17

Rather than charge set fees, Aspiration offers customers name-your-fee accounts and donates to charities based on the amount of money it makes.

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FHA borrowers pay steep price to keep reverse mortgage program afloat

12/12/17

The fundamental conclusion of the Federal Housing Administration’s fiscal year 2017 actuarial review is that the financial problems of the FHA Home Equity Conversion Mortgage program keep getting worse.

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Ally taps PNC's LaClair to serve as next CFO

12/12/17

Jenn LaClair will replace Chris Halmy, who is retiring. She most recently headed up PNC's business bank.

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Bitcoin bulls beat bears; SEC chief warns on cybercurrency risk

12/12/17

Price of digital currency jumps 24% in first day of futures trading; Jay Clayton tells buyers to beware, then halts an initial coin offering.

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10 financial services players to watch in 2018

12/12/17

Some are in new roles or replacing legends, others are embracing new strategies or eyeing big deals and at least one is currently out of banking — but could soon resurface. Here are the industry executives to keep an eye on in 2018.

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Democrats file new court brief opposing CFPB's Mulvaney

12/11/17

Over 30 current and former Democratic lawmakers filed a new amicus brief Monday supporting Consumer Financial Protection Bureau Deputy Director Leandra English to be reinstated as acting director of the agency.

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JPMorgan Chase card executive takes reins of branch banking

12/11/17

Pamela Codispoti, credited with launching the popular Chase Sapphire Reserve credit card, has been put in charge of the company’s network of more than 5,200 branches.

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