O'Rourke urges credit card lenders to stop backing gun sales

09/12/19

The Democratic presidential candidate said on Twitter that credit cards "have enabled many of America’s mass shootings."

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Republicans sought power to fire CFPB chief. Democrats may benefit.

09/12/19

The Supreme Court may be closer to examining a key restraint on a president's ability to change CFPB leadership.

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Libor is ending. We aren't ready

09/11/19

The most widely-referenced interest rate benchmark will cease to function after 2021, and the financial system is still coming to grips with that complicated reality.

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Stress detector, employee sidekick, fraud fighter: AI's new uses

09/11/19

Credit decisions were a natural place to start with artificial intelligence, but now banks and credit unions are taking the technology to all parts of their businesses.

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Why BOK Financial gave its robo adviser human backup

09/11/19

In addition to launching an automated investing app, the bank created a dedicated adviser unit to provide personal service to customers when they need it.

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FHFA's Calabria details next steps on GSE reform

09/11/19

The regulator for Fannie Mae and Freddie Mac suggested that a finalized capital framework for the two mortgage giants could be published by the end of the year.

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PNC not interested in bank acquisitions, CEO says

09/11/19

The Pittsburgh company is sticking with its plan to grow though expanded lending and branch openings in new markets, William Demchak told investors and analysts Wednesday.

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House passes five bipartisan financial services bills

09/11/19

The legislation takes aim at third-party bank service vendors, the backlog of FHA appraisals, rural housing assistance and other issues where there is broad agreement.

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Trump adds to pressure on Fed, seeking rates of zero ‘or less’

09/11/19

President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower cost.

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JPM prepping for zero rates; N.J. to pressure banks on guns

09/11/19

Dimon doesn’t expect it to happen, but the bank is getting ready just in case; the state will require banks to disclose their relationship with gun sellers.

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