President Trump said he would prohibit large institutional investors from buying single-family homes. While the executive couldn't bar such investments on its own, a legislative ban could gain bipartisan support.
The tech giant said it is enabling third-party developers to create financial services apps in the cloud.
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As Elon Musk and his associates gain access to internal computers, Oregon Democratic Sen. Ron Wyden slammed the move and said it poses a national security risk. Musk said the Treasury system isn't adequately fighting fraud and is also attempting to shut down USAID.
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An IT problem at the bank left thousands of customers locked out of their accounts for several days.
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The partnership with Visa Direct sets X Money up with infrastructure to be a global payments powerhouse, but getting consumers to actually use it will be an even bigger challenge.
From the identity of bankers in the 21st century to the regulatory turmoil in Washington to the huge impact of technology on the industry, readers expressed an array of strong opinions about what happened in 2017.
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There are sobering conclusions to be drawn from a new report by the National Credit Union Foundation, funded by CUNA Mutual Group.
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Adding retirement accounts broadens the app's offerings to millennial clients.
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Dinesh Chopra is online bank's first-ever chief strategy officer.
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On the same day that Mr. Cooper announced a settlement with state and federal authorities over its servicing practices, the Dallas company, U.S. Bank and PNC reached separate agreements with DOJ regarding bankrupt borrowers.
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The company aims to help borrowers apply for home loans in as little as 15 minutes by automating immediate validation of bank information used in qualification.
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Adolfo Marzol came to the agency after a stint at HUD and a 30-year career in the mortgage industry. He will depart on Dec. 18.
The Champaign, Illinois-based bank said Jeffrey Jones stepped down from his post days before it could close its acquisition of CrossFirst Bankshares. Jones' exit was not deal related, Busey said.
The group expressed concern with the White House proposal to reduce the program's funding, and urged Appropriators to fund the bipartisan-backed Community Development Financial Institutions Fund.
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Increased federalization of the U.S. banking industry would be a disservice to consumers and the economy. The court must act to protect the vibrancy of the dual-banking system.
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The Consumer Financial Protection Bureau is preparing to pick winners and losers in the consumer lending market, stifling innovation and curtailing freedom of choice.
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The Navy Federal scandal is just the tip of the iceberg. After looking away for 20 years, Congress needs to focus on providing real oversight of the credit union industry.
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Following the passage of federal legislation, stablecoins are generating a lot of buzz, but are still seeking uses beyond investment. Payment firms are pushing technology to entice merchants and consumers to support the digital asset.
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The merger of equals, which received a chilly reception from investors when it was announced in July, closed faster than analysts had expected.
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Last year highlighted the risks for banks in lending to nondepository financial institutions. A new approach by Trump-era regulators could change the playing field.
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Articles about the AI deployments of big banks and of scammers generated clicks from American Banker readers.
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Community banks are always looking for ways to expand local engagement. But for some banks, sponsoring disc golf courses, clubs and events offers a relatively inexpensive way to boost their profile among a very loyal customer base.
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Fintechs sought to acquire the rights and privileges of bank charters in various ways this year, from de novo applications to buying up banks.
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The bank is betting on demand from resource-challenged companies.
Fifty-four individuals tied to the Tren de Aragua gang face charges for using Ploutus malware to drain millions from community banks and credit unions.
The 23rd annual ranking of women leaders in the banking industry.
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