Five big questions about Mulvaney-led CFPB

11/29/17

With leadership of the Consumer Financial Protection Bureau resolved by a federal court, the banking industry is eager to find out what interim head Mick Mulvaney plans to do once he gets a handle on the agency, including whether he will delay pending new mortgage rules.

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FHA premium cut still may not happen after Montgomery is confirmed

11/29/17

Brian Montgomery seems on his way to being confirmed to lead the Federal Housing Administration. But once he gets there, he may find it difficult to be as innovative as he was during his first stint as commissioner — particularly when it comes to reducing FHA premiums.

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Banks resist pressure to raise rates, but for how long?

11/29/17

Online banks have been aggressively raising the rates they pay on consumer deposits, and that is forcing mainstream banks to consider following suit or risk losing valuable deposits to their more nimble competitors.

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RBC posts record annual profit while cutting corporate loans

11/29/17

Royal Bank of Canada showed it can defy expectations even while being more selective in lending.

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What U.S. banks can learn from global AI experiments

11/29/17

Virtual assistants at banks in Israel, Canada and Hong Kong are getting smarter thanks to artificial intelligence.

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Wells Fargo reshuffles board, adds three new members

11/29/17

The $1.9 trillion-asset bank has been facing pressure to shake up a board that failed to head off a reputation-scarring scandal.

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OCC warns Wells Fargo; Mulvaney wins

11/29/17

Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal.

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Winners and losers of CFPB's leadership showdown

11/29/17

Richard Cordray took a big gamble in his final act as head of the Consumer Financial Protection Bureau, attempting to appoint his own interim successor. He lost Tuesday, but he was far from the only one.

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Winner and losers of CFPB's leadership showdown

11/28/17

Richard Cordray took a big gamble in his final act as head of the Consumer Financial Protection Bureau, attempting to appoint his own interim successor. He lost Tuesday, but he was far from the only one.

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Wells Fargo to stop offering car, homeowners' insurance

11/28/17

The San Francisco bank will immediately begin winding down its marketing of personal insurance products and plans to exit the business for good during the first quarter of next year.

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