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CFPB Director Richard Cordray (Bloomberg News)
In Due Course: CFPB Director Richard Cordray told lawmakers in March that the agency's chosen "process" is first to complete a rule expanding data requirements under the Home Mortgage Disclosure Act and "then move to this small-business data" regulation.
As the Consumer Financial Protection Bureau finishes regulations dealing with mortgage data reporting, a similar set of requirements for small business loans is waiting in the wings.

Top Stories

The market correction and likely longer timeline for a Fed rate rise have sent some overly optimistic investors to the door, and now prices are closer in line with the fundamentals. That's setting the stage for a bounceback in some of the biggest banks' stocks and may ease pressure on them coming into third-quarter earnings season.  more »
Old-fashioned banks and neobanks are both finding the battle for acquiring customers to be treacherous. So BankMobile, a mobile-first banking service, has launched an innovation lab-like division seeking new tech that could attract thousands of new customers per month.  more »
First Financial Northwest is moving past its thrift roots three years after a proxy battle ousted its chief executive. Other banks in the same position are still trying to get back on track.  read more »
FinTech Forward
Fintech Companies Tout Social Good in Courting Millennials
A growing number of fintech startups are appealing to the sensibilities of millennials by meeting social missions and, in some cases, by tying the amount of business they generate to the amount they give back to charity or to their customers.  read more »
Some might question the payoff for lavish parties, fitness centers and even career-development programs. But a growing body of academic evidence suggests that there is a link between employee happiness and bottom-line results.  read more »
Even if stock losses cause the Fed to delay tightening, it won't be a catastrophe for banks' future earnings, according to a study of analysts' forecasts. Margins were not expected to balloon even if the Fed did act.  read more »
The 50 banks that earned a spot on our third annual ranking of the Best Banks to Work For take their fun seriously. Check out which banks made the list and take away some great ideas for creating a happier workplace of your own.  read more »
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