David Nelms, CEO of Discover (Bloomberg News)
YOUTH APPEAL: "These are people that don't have established banking relationships. They're used to doing everything in mobile," said David Nelms, the CEO of Discover, which lacks a branch network.
The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.

Top Stories

Lower rates of return would require insurers to charge higher premiums or stop covering loans to borrowers with lower credit scores. (You know, the ones the government wants to help?)  more »
The Massachusetts Democrat unsurprisingly defended the financial reform law, yet also indicated he disagreed with regulators on implementation of some elements and a push by Sen. Elizabeth Warren to restore Depression-era rules separating banking from other industries.  more »
A highly anticipated government report due to be released July 31 is expected to say big banks received less of a subsidy from the perception that they are "too big to fail." But it remains uncertain whether that would continue to be true in a future crisis or if market conditions change.  read more »
Amazon Releases a Digital Wallet for Android and Fire Phones
Amazon has released a beta version of an Amazon Wallet App that is currently focused on shopping and discounts, though it could serve as a launch pad for mobile payments.  read more »
Partner Insights
The bank's adoption of scheduling technology underscores the fact that, while branch traffic is declining, most sales of loan, deposit or investment products are still made at the branch. It's also further evidence that banks are using technology to engage with customers who are visiting branches less and less.  read more »
John Thain had a clear answer for every question analysts posed about CIT's deal for OneWest. His takes on SIFI regulations, the mortgage business and retail banking challenge the conventional wisdom of many bankers.  read more »
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