Cordray urges CEOs to give consumers more control over payments, cards

11/21/17

A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.

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BMO Financial fills new chief digital officer role

11/21/17

Brett Pitts joins from Wells Fargo, where he most recently was executive vice president and group head of digital.

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Three things FDIC's Gruenberg doesn't like about Senate reg relief deal

11/21/17

Federal Deposit Insurance Corp. Chairman Martin Gruenberg raised concerns about provisions that would significantly increase the systemic risk threshold for large banks, as well as one that would change the calculation for the supplementary leverage ratio.

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Optimism, pain points in FDIC’s 3Q report card

11/21/17

It was mostly good news for banks in the Federal Deposit Insurance Corp.'s Quarterly Banking Profile, with higher earnings and net interest margins. But there were concerns as well, including slower loan and deposit growth.

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How banks can herd ‘unicorn’ clients

11/21/17

Tech startups differ from a bank’s typical commercial clients; many want a trusted financial adviser.

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CapStar in Tenn. presses Fed to reject investor's change in control notice

11/21/17

CapStar in Tenn. claims Gaylon Lawrence violated the Change in Bank Control Act by building a 10% stake without prior Fed approval. The company is convinced Lawrence's long-term plan includes a hostile takeover.

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HSBC names Google veteran digital head

11/21/17

Mike Warriner joins the bank with a focus on setting its digital platform strategy.

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Bump in interest income makes up for slower asset growth: FDIC

11/21/17

The agency's Quarterly Banking Profile said banks earned $47.9 billion in the third quarter, helped by a 7.4% increase in net interest income from the previous year.

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D.C. misses the point about overdraft: It helps consumers

11/21/17

Legislation and regulatory policy that takes a heavy-handed view of overdraft protection could remove a safe and convenient option for consumers managing their finances.

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HSBC fined a record $51M over Lehman product sales

11/21/17

HSBC's private-banking unit was fined a record $51 million over sales of structured products linked to Lehman Brothers in Hong Kong.

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