Federal Reserve Bank of Richmond President Tom Barkin said economic uncertainty should ease in the coming year as businesses gain confidence in sustained demand and adapt to the new policy environment.
Banks that are customers of one or both vendors may look to leverage the situation to get better terms for certain products. But would small clients get enough attention from the global player the merger would create?
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Christopher Mufarrige is named acting director of the FTC's Bureau of Consumer Protection; TD Bank promotes Andrew Stewart, Nadir Johnes and Jo Jagadish; PayPal's John Kim is leaving the company; and more in this week's banking news roundup.
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Steve Squeri told analysts his firm is prepared to compete with small-business technology providers like Ramp and Brex. He also weighed in on the potential payments behemoth that would result from Capital One's purchase of Discover.
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The technology vendor is going outside the company to hire PNC vet Michael Lyons to replace Trump administration-bound Frank Bisignano, leaving the Pittsburgh-bank without its heir apparent for the top role.
As many as a dozen financial institutions are deploying IBM’s Watson to search for signs of employee misconduct so they can avoid a Wells Fargo-size scandal. But the legal and technical limits of its use are major issues.
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There's a growing consensus that helping young employees pay back student loan debt could be key to recruiting and retaining millennial talent at credit unions.
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Five Financial Reality Fairs will be held simultaneously across the state in order to help reduce recidivism through financial education.
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The aid helps credit unions create community reinvestment and financial education initiatives.
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The two companies first started collaborating last year, but now BBVA has white-labeled Prosper’s technology on its own website.
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Demand trends were mixed in the third quarter, with consumers showing more willingness than businesses to take on new debt, according to the Fed’s most recent survey on bank lending practices.
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One of the top banking regulators during the 2008 financial crisis could have a hand in nudging Fannie Mae out of conservatorship.
The San Francisco-based bank announced that another consent order with the Office of the Comptroller of the Currency has been terminated. The six-year-old order was related to the bank's risk compliance management and certain loan practices.
The U.K. regulator clarified that such behavior at financial firms could ultimately lead to a ban from the sector.
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The growing buy now/pay later industry requires regulations, but existing regulations for credit card lenders are not fit to the purpose. BNPL needs bespoke guidelines to protect consumers.
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The proposed capital rule risks driving borrowers away from the traditional banking industry and into the arms of shadow banks, whose support during stressful times can be fleeting.
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The Consumer Financial Protection Bureau needs to do more to enhance security while making it easier for consumers to share data.
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The fintech IPO drought ended this year with several large public exits by firms such as Chime, Klarna and Circle.
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As stablecoins become an increasingly prominent feature of the financial landscape, Noelle Acheson gives us her top five trends to watch out for.
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It's not just Capital One Cafés; banks all over the country are repurposing branches and offices. Marketing experts call it innovative, but critics say some lenders are crossing a legal boundary between banking and commerce.
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Under a proposed rule, the agency would let most nationally chartered firms off the hook for heightened regulatory standards. The rule would raise the bar from $50 billion to $700 billion of assets and leave only eight firms subject to heightened regulation.
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Stories about data breaches, fraud and one neobank were reader favorites this year.
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The Federal Reserve is slated to undertake a number of important rules and regulations in 2026, but decisions around agency leadership and the Trump administration's avowed effort to exert greater control over the central bank are likely to leave a lasting legacy at the agency.
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Some consumers have been waiting a year and a half to get their money back.
Ida Liu, who resigned from Citi earlier this year, will join HSBC on Jan. 5 as the CEO of the private bank. Liu will be tasked with accelerating the growth of the private bank "at a defining moment for wealth," she said in a LinkedIn post.
The 23rd annual ranking of women leaders in the banking industry.
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