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The shape it takes could have implications for how Fannie Mae and Freddie Mac price loans for nonbanks and depositories.
October 10
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A lack of accurate information about banks' inner workings is meant to protect banks and instill market discipline. But it probably makes everything worse.
October 10
American Banker -
In a letter to Federal Reserve Chair Jerome Powell, 10 members of the committee demanded answers about how supervisory information was made public.
October 10
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Lenders at an American Bankers Association conference this week railed against proposed regulatory requirements they argue could drive up costs, curb credit availability and ultimately hurt borrowers in already fragile economic times.
October 10
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Truist Bank has agreed to pay licensing fees to USAA for the use of mobile-check-deposit technology that USAA says it invented.
October 10
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The biggest laggard among the US banking giants, BofA's investments earn less than its closest rivals, and the stock is the group's worst performer by far.
October 10
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PYUSD has been slow out of the gate, but crypto firm BitPay and gaming company Xsolla are providing an early look at how the asset can be used.
October 10
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The sale is part of a wind-down of Citi's consumer banking business in China, which was announced in December 2022.
October 10
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The promises made by supporters of the Credit Card Competition Act don't account for all of the ways in which it could actually increase the cost of doing business.
October 10
Merchant Advocate -
In spite of rising borrowing costs, the US economy has shown surprising resilience. The labor market added 336,000 jobs in September, according to fresh data published Friday.
October 9
