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Firing 90% of the Consumer Financial Protection Bureau's staff and stripping it down to "the statutory studs" is lawful, an attorney for the CFPB told an appeals court.
5h ago -
The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
7h ago -
Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.
8h ago -
Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.
9h ago -
In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.
10h ago -
The payment company's restructured Genius point of sale system is designed to cover all types of merchants to keep them away from other processors and fintechs.
10h ago