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The CEO of a big-bank lobbying group recently said that the central bank may be on the verge of pulling a bait and switch on faster payments. But his comments glossed over a lot of the relevant history. ... Read full article

The deal cleared another key hurdle as Financial Services Committee members showed little interest in slowing the formation of Truist Financial. ... Read full article

The brokerage expects customers will use conversational tech to check accounts and perform other financial transactions while stuck in traffic. ... Read full article

Maria Vullo served for three years as New York's top banking regulator. ... Read full article

Second-quarter earnings at the Chicago custody bank were flat as increased interest costs offset better yields and fee income held steady. ... Read full article

The hiring of Tim Wennes was one a series of leadership changes announced Wednesday by the holding company for the bank and the auto lender Santander Consumer. ... Read full article

If the Federal Reserve doesn't maintain an active role, Wall Street megabanks could take over the payments system. ... Read full article

The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision to not hire Andrea Orcel if he sues. ... Read full article

Lawmakers including presidential hopeful Elizabeth Warren have introduced a bill that would put the Federal Reserve in charge of creating its own real-time payments network. ... Read full article

While loan growth continues to outpace that of competitors, Discover says that it has been tightening its standards, given the late stage of the credit cycle. ... Read full article

Visa’s decision on how or if it will participate in Facebook’s Libra will be based on how the social network handles the mountain of criticism and requirements that global regulators and lawmakers are heaping upon it. ... Read full article

KeyCorp, Regions Financial and others have sacrificed short-term profits to avoid being crushed by an anticipated decline in interest rates. ... Read full article

Despite the Senate Banking Committee’s willingness to discuss the issue, Republican support for legislation is still in question. ... Read full article

The eight "systemically important" banks currently file resolution plans annually, but a pending proposal would require them every two years. ... Read full article

The bank is siding with a growing list of groups, including the U.S. trustee, attorneys general from several states and consumers, who object to Ditech's plan to sell its reverse mortgage business. ... Read full article

Policymakers should consider how new data computing can help ensure equal lending, not hinder it. ... Read full article

Earnings at the Cincinnati company fell 25% from the same period last year, largely due to $109 million in expenses tied to its March acquisition of MB Financial. ... Read full article

Several wealth management firms, including Marcus by Goldman Sachs and Wealthfront, have launched banking products to complement their investment services. ... Read full article