ICBA opposes Square's ILC application

10/11/17

The Independent Community Bankers of America is formally opposing a bank charter application by payments processor Square, accusing it of trying to “avoid” certain “legal prohibitions and restrictions.”

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Goldman, JPM's new bubble play: A way to bet on next bank crisis

10/11/17

Less than a decade after the last major banking crisis, Goldman Sachs and JPMorgan Chase are offering investors a new way to bet on the next one.

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Yoga and YouTube: A top Wells exec's tips for relieving workplace stress

10/11/17

Diane Schumaker-Krieg has traveled the globe urging stressed Wells Fargo colleagues to carve out time for art, exercise and other rejuvenating activities. She says happiness correlates to career success.

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Inside payday lenders’ plan to scuttle CFPB rule

10/11/17

The payday lending industry is planning to use the same playbook employed by the financial services industry in its fight against the CFPB's arbitration rule.

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First Horizon buys commercial mortgage servicer

10/11/17

The Tennessee bank said it has bought Professional Mortgage in Greenville, S.C., which services about $1.1 billion of commercial mortgage loans for 23 correspondent life company lenders.

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OCC's Friend to step down as chief counsel

10/11/17

Amy Friend, who helped implement the Dodd-Frank Act while at the OCC, will retire from government service on Nov. 11, the OCC said Wednesday.

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Aggressive marketing, less red tape drive SBA boom

10/11/17

Efforts to make it easier for smaller businesses to apply for SBA loans, coupled by concerted expansion efforts among key regional and community banks, contributed to the third consecutive record for 7(a) lending.

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FDIC's Hoenig warns of deposit insurance downside: Moral hazard

10/11/17

The Federal Deposit Insurance Corp.'s No. 2 said deposit insurance helps prevent bank runs, but can also make banks more prone to taking on risk that can cost the public.

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Payday lenders are finding ways around Google’s ad ban

10/11/17

The tech giant won praise from consumer groups for its decision to ban ads for high-cost consumer loans. But the policy contains a big loophole, and advertisers have found multiple ways to exploit it.

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Regulatory playing field for banks, nonbanks is anything but level

10/11/17

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.

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