House bill would require Fed to report annually on cyber efforts

09/24/19

Rep. Patrick McHenry, the top Republican on the House Financial Services Committee, proposed having the central bank update Congress on measures to strengthen its own cybersecurity as well as that of institutions under its watch.

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U.S. Bank embraces open banking with data-sharing agreements

09/24/19

The bank has developed APIs to feed customer data directly to seven fintechs and data aggregators, including MX and Finicity.

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Experimenting with digital currencies; Questioning SOFR

09/24/19

Some countries are toying with digitizing their currencies; NY Fed chief defends SOFR despite recent concerns about repo market volatility.

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Are customers getting enough control over their data?

09/24/19

Andres Wolberg-Stok at Citi and Sam Taussig at Kabbage debate openness, privacy, control, and how much say consumers should have over their banking information.

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How Supreme Court could decide CFPB constitutionality question

09/23/19

If the court agrees to hear the case, its conservative majority could make it easier for a president to fire a CFPB director, though other outcomes are possible.

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Kabbage founders launch startup to connect small businesses with gig workers

09/23/19

The startup, Drum, provides a marketplace for small businesses to offer promotions to influencers who can help them drum up business.1:54 PM?

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Biggest banks sit out industry climate-goals pledge

09/23/19

Only three of the world's 10 biggest banks joined the coalition of 130 global financial firms in agreeing to align their business with international efforts to address climate change and other environmental issues.

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House Republicans urge OCC to reverse effects of Madden ruling

09/23/19

All of the GOP members on the House Financial Services Committee called on the regulator to consider "administrative decisions" to offset the impact of the 2015 decision.

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Streamlined Volcker Rule could encourage some banks to take bigger risks

09/23/19

The revised trading rule is seen as a credit negative for banking industry.

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Fannie, Freddie can keep profits; CBD firm seeks national bank

09/23/19

Building capital will help the mortgage agencies move toward the private sector; Virtual Wellness needs to assure banks it's safe to do business with them.

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