Skip Hove, former FDIC acting chairman and Nebraska banker, dies at 84

08/20/19

Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father.

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Appeals court upholds most of credit union membership rule

08/20/19

A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.

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What's left of the Volcker Rule after the final rewrite?

08/20/19

After two regulatory agencies adopted final revisions to the rule, Dodd-Frank defenders expressed concern that the amendments to the proprietary trading ban undermined the post-crisis statute.

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Lukewarm reception for FDIC plan to ease deposit rate limits

08/20/19

The agency is trying to update its rate-cap policy for institutions that fall below "well-capitalized." But it remains to be seen if the proposed changes fully address community bankers' concerns.

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As Wells Fargo seeks new CEO, toll on stock hits $24 billion

08/20/19

Analysts and big investors say they cannot advocate buying more shares until the bank installs a leader with the authority to lay out a plan for the future. However, speculation about potential candidates has quieted.

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HSBC presses its advantage as contactless-only issuer

08/20/19

As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage.

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Apple Card adds Uber rewards in wider launch

08/20/19

Apple is expanding the list of merchants where Apple Card users may earn 3% cash back, starting with Uber.

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Regulators scrap proposed Volcker Rule compliance standard

08/20/19

The agencies had proposed an "accounting prong" as an alternative means to determine which proprietary trades are banned, but their final rule heeded industry concerns that that would be worse than the current approach.

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Postal banking won’t deliver for USPS

08/20/19

Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.

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Warren: Trump DOJ settlements let big banks off easy

08/20/19

Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department.

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