2017-03-29
Low scores make it harder for banks to get regulatory OKs to expand, but Wells is in retrenchment mode anyway.
Read More from: BankThink
2017-03-29
First Bank, based in New Jersey, will pay about $27 million for Bucks County Bank in a deal that is expected to close in the third quarter.
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2017-03-29
Data and analytics tools can help banks detect financial patterns that may indicate that human trafficking is occurring.
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2017-03-29
The subprime auto lender funded loans through a group of car dealers that it knew had track records of high default rates and fraud, authorities in Massachusetts and Delaware said.
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2017-03-29
The exchange, founded by a bitcoin pioneer in 2014, is facilitating more than $50 million worth of transactions each month, as the "gold rush" in blockchain-based assets takes hold.
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2017-03-29
New York State Department of Financial Services Superintendent Maria T. Vullo speaks out on cybersecurity regulation, cracking down on bad actors in the industry and the OCC's fintech charter.
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2017-03-29
Technology innovation and the level of consumer understanding about fintech options are critical missing pieces of Community Reinvestment Act policy.
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2017-03-29
James Lockhart, former director of the FHFA, is replacing Wilbur Ross, who resigned when he became Commerce secretary, on the New Jersey company's board.
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2017-03-29
The U.S. Supreme Court ordered closer scrutiny of a New York law that bars merchants from imposing surcharges on credit card purchases, giving a group of retailers a partial victory by saying the measure might violate their free-speech rights.
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2017-03-29
The OCC’s draft fintech charter requirements are far from perfect. States can seize this chance and collectively create a better regulatory environment for fintechs.
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2017-03-29
Digital currency proponents now pin their hopes on a bitcoin futures contract; bank reaches $110 million settlement with customers over phony accounts but gets "needs to improve" CRA rating.
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2017-03-29
Wells Fargo engaged in an "extensive and pervasive pattern" of discriminatory and illegal lending practices for years, the OCC said in slashing a key rating of how the bank serves communities.
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2017-03-29
On March 22, 2017, the Supreme Court in Czyzewski v. Jevic Holding Corp., 580 U.S.
Read More from: Bankruptcy and Restructuring Blog
2017-03-29
Just a cross-posting note: Jonathan Lipson and I comment on the U.S.
Read More from: Credit Slips
2017-03-29
Proposals to split the chairman and CEO roles at banks have rarely succeeded. But new developments — including a proposal to require separate roles for the next generation of managers — are helping concerned shareholders slowly make inroads.
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2017-03-29
The settlement, which requires judicial approval, will cover customers' fees and other costs related to about 2 million unauthorized accounts.
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2017-03-29
The Trump administration is seeking to immediately shut down the Treasury Department’s grant programs for community development financial institutions.
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2017-03-29
The Arkansas company has bought 12 banks in Florida since 2010, and its CEO said he had coveted Stonegate for years before agreeing to buy it this week. Yet there is nagging talk about a new bubble in the Sunshine State.
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2017-03-29
Lawmakers from both parties asked experts Tuesday if institutions with less than $10 billion of assets should be exempt from Dodd-Frank regulations, signaling a possible bipartisan compromise.
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