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Pressure to raise rates on deposits offset strong loan growth at the Salt Lake City company. ... Read full article

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending. ... Read full article

A group of senators on the Banking Committee sent a letter to the central bank chairman grilling him on the agency's efforts to develop a real-time payments system. ... Read full article

The timing of the settlement serves as a warning to other companies of the risks they face in an increasingly data-focused economy. ... Read full article

Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger? ... Read full article

Banks and third parties must work together to safeguard data being shared when a customer uses mobile apps. ... Read full article

Equifax Inc. agreed to pay up to $700 million to resolve U.S. federal and state investigations into the 2017 hack that compromised some of the most sensitive information of more than 140 million people. ... Read full article

It's one of the first wealth management firms to share documents with clients through Box. ... Read full article

Firm will pay $700 million to settle issues stemming from data breach; don’t expect JPM CFO Jennifer Piepszak, or anyone else, to be named heir apparent. ... Read full article

Weighing in on interest rate and other uncertainties facing all banks, Citizens Financial CEO Bruce Van Saun emphasized investments in point of sale, digital banking and other initiatives meant to enhance revenue down the road. ... Read full article

The agreement with authorities including the Federal Trade Commission and state attorneys general — and possibly the Consumer Financial Protection Bureau — may be announced as soon as Monday. ... Read full article

The Birmingham, Ala., company warned in its earnings call that moves by the central bank could make it harder to lower costs. ... Read full article

During his time with the company, Hogg directed its transformation from Interbank to Mastercard and helped expand the card brand's global presence. ... Read full article

After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers. ... Read full article

Lawmakers from both parties strongly criticized Libra this week, but largely steered clear of proposals to stop it. ... Read full article

A bill by Rep. Patrick McHenry, R-N.C., would give the CFPB authority to oversee cybersecurity efforts at the credit bureaus. ... Read full article

Lenders have learned that automated wealth management tools enhance financial advisers' interaction with clients and can bring in more business. ... Read full article

Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.” ... Read full article