World’s biggest bitcoin exchange launches in U.S. as currency nears $10K

11/28/17

Japan’s bitFlyer is expanding to the American market, even as U.S. banks remain wary of cryptocurrencies.

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Judge rules against CFPB's English, says Mulvaney in charge

11/28/17

District Judge Timothy J. Kelly ruled Tuesday that Office of Management and Budget Director Mick Mulvaney was the legal interim head of the Consumer Financial Protection Bureau, denying a request by Deputy Director Leandra English to block the appointment.

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Ex-OCC chief says bank holding companies may be obsolete

11/28/17

On his last day at the agency, Keith Noreika called for scaling back the Bank Holding Company Act, arguing that it burdens banks with duplicative regulation and restricts their economic potential.

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Citi adds another tech executive

11/28/17

Jayne Opperman is the third new tech hire the bank has made this month.

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At CFPB, bitter feelings about final Cordray maneuver

11/28/17

Employees at the Consumer Financial Protection Bureau are privately questioning why outgoing director Richard Cordray abruptly tapped a 34-year-old chief of staff with no enforcement, supervisory, or legal experience to head the embattled agency after he resigned.

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SBA launches program to let banks fast-track disaster relief

11/28/17

The pilot could help the agency improve its image after past criticism of slow responses to catastrophes.

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Citigroup’s new strategy in Latin America shows progress

11/28/17

Jane Fraser, chief executive of Citigroup Latin America, explains how changes the company has made to its business model in that region are working so far.

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How Fed's Powell would reshape banking regs

11/28/17

In his nomination hearing, Jerome Powell was quick to assure Republican senators of his regulatory relief credentials. But Democrats still fear that he and other Trump appointees might upend the Dodd-Frank Act.

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Fannie, Freddie loan limits get a bump thanks to rising home prices

11/28/17

Conforming loan limits for mortgages bought by Fannie Mae and Freddie Mac will increase for the second consecutive year in response to the rapid rise in home prices, the Federal Housing Finance Agency said.

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Montgomery's FHA nomination clears committee, headed to full Senate

11/28/17

The Senate Banking Committee voted to advance the nomination of Brian Montgomery to serve as commissioner of the Federal Housing Administration, despite ongoing criticism from some Democrats that he is too close to the financial services industry.

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