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Few answers for Netspend customers unable to access paychecks

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Neither the prepaid issuer nor its bank partner can say when cardholders — many living paycheck to paycheck — will receive their funds.

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Elizabeth Warren rebukes Comerica over fraud in benefits program

Sen. Elizabeth Warren
Senator Elizabeth Warren, a Democrat from Massachusetts, waits to begin a Senate Banking Committee confirmation hearing with Marvin Goodfriend, governor of the Federal Reserve nominee for U.S. President Donald Trump, not pictured, in Washington, D.C., U.S., on Tuesday, Jan. 23, 2018. Goodfriend said he hoped to keep the U.S. central bank alert to future challenges while increasing transparency and accountability. Photographer: Andrew Harrer/Bloomberg
In hundreds of cases, the prepaid card program run by the bank allegedly sent users' funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator.

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FDIC poised to revamp deposit rules. Banks say it's about time

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Many bankers say the agency needs to rethink its definition of brokered deposits and how it sets interest rate caps.

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CFPB writing rule to define 'abusive' standard: Mulvaney

Mick Mulvaney
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB ), listens during a Senate Banking, Housing & Urban Affairs Committee hearing in Washington, D.C., U.S., on Thursday, April 12, 2018. Senator Elizabeth Warren clashed with Mulvaney, accusing the former GOP congressman of putting politics ahead of protecting consumers. Photographer: Toya Sarno Jordan/Bloomberg
The consumer bureau's interim chief told an industry conference that "regulation by enforcement is done."

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Big banks, aggregators launch group to hash out data-sharing issues

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Wells Fargo, Bank of America, Citigroup and other banks have joined forces with fintechs and data aggregators to create the Financial Data Exchange, which aims to resolve the fight over sharing customer information.
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Banks should measure their social impact

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Hand put the last piece of jigsaw puzzle to complete the mission
As financial institutions struggle to regain public trust, they need to find more systematic ways to gauge how their work impacts consumers and communities.

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As digital banks proliferate, so do risks

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Banks looking to build online-only affiliates to turbocharge deposit-gathering can expect intense competition and heightened regulatory scrutiny.

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JPMorgan's 3Q offers glimpse of big questions facing banking

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The largest U.S. bank's strong third quarter did not insulate its leaders from being pressed about the downside of pricey investments in technology, whether capital rules make commercial lending growth hard for big banks to achieve, and whether another economic downturn is edging closer.

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USAA dips toe into small-business lending

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The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military.

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Missing chapter from Comerica's turnaround story: Loan growth

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The Dallas bank has picked a bad time to shift from cost-cutting to expansion as big banks are in a commercial lending funk.

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Prepaid cards Deposits Data sharing Earnings Small business lending Commercial lending Elizabeth Warren CFPB JPMorgan Chase
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