Banks drag feet on CECL as critical phase nears

10/27/17

Many institutions have delayed planning for a big change to reserve accounting despite a belief that they should start testing systems and methodologies next year.

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Santander Consumer dives back into subprime auto as others flee

10/27/17

The Dallas consumer lender says it plans to boost subprime originations again after retooling its portfolio and taking stock of the economy.

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Barclays, U.S. are said to renew talks over toxic mortgages

10/27/17

Barclays and the Justice Department, engaged in a legal battle over the suspected fraudulent sale of mortgage securities a decade ago, have revived discussions about reaching an out-of-court settlement, according to people with knowledge of the situation.

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How the CFPB rule was killed; Wells hung out to dry by storm

10/27/17

Small banks targeted a handful of GOP senators; bank may lose more than $450 million, mainly due to its Puerto Rico auto finance unit.

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Asset managers should not be labeled 'shadow banks': Treasury

10/27/17

The term "shadow banking" is a pejorative, implying insufficient regulatory oversight, said Treasury in a report issued Thursday on asset management.

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Additional credit rating gives CommonBond a leg up on banks

10/27/17

The tighter spreads on the fintech student lender's latest securitization should help offset a rise in the underlying benchmark rates, keeping its funding costs low — and helping it compete more effectively.

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Silicon Valley profits jump on 16% loan growth

10/26/17

Quarterly results at the Santa Clara, Calif., company got a boost from stronger lending to venture capital and private-equity firms.

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Inside Cordray’s ill-fated gamble on CFPB arbitration rule

10/26/17

The stunning defeat of the Consumer Financial Protection Bureau's arbitration rule didn't have to happen, according to critics and former agency officials.

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There's a better way to identify SIFIs than size: Office of Financial Research

10/26/17

The Dodd-Frank Act’s $50 billion threshold for determining which banks are systemically important should be scrapped and replaced with an indicator test, according to the Office of Financial Research.

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'This all has the stench of truth about it': Comments of the week

10/26/17

Readers weigh in on Amazon as a bank threat, claims that big banks are poor fintech partners, whether there are too many banks in the U.S. and more.

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