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The agreement, which still needs court approval, should help what remains of the online small-business lender as it moves through bankruptcy proceedings. After Kabbage emerged as a major Paycheck Protection Program lender, some of its key assets were sold to American Express.
October 31
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In this month's roundup of American Banker's favorite stories: JPMorgan Chase moves third parties away from screen scraping, Wells Fargo launches its new virtual assistant, bank CEOs predict a return to office within the next three years and more.
October 31
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Affinity Federal Credit Union in Basking Ridge said Kevin Brauer will succeed John Fenton as president and chief executive on Jan. 1.
October 31
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The proliferation of mobile banking and online payment services like PayPal is one of several reasons more consumers have joined the financial mainstream, according to the FDIC's latest report on Americans' access to banking services.
October 31
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Wage transparency is seen as being particularly important for women, who are often paid less and could benefit from information that helps them negotiate higher salaries.
October 31
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The bureau said it wants additional comment on business practices at technology giants, including whether companies are adhering to key consumer protections.
October 31
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The bank is tapping shareholders — including new investors led by the Saudi National Bank — to help fund a restructuring that includes slashing Credit Suisse's workforce by 17% and breaking up its investment banking unit after years of missteps and steep losses.
October 31
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A Justice Department probe into a controversial corner of the crypto world — Tether — has been struggling to reach a conclusion. Now a new team is taking a crack at investigating whether executives behind the popular stablecoin committed a crime.
October 31
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The board of the Federal Deposit Insurance Corp. is required by law to have a member with state bank supervisory experience. That perspective has been absent for too long.
October 31
Conference of State Bank Supervisors -
The Dutch payment company is offering merchant loans, a product that's become a staple of firms like Block and PayPal that have been luring entrepreneurs away from traditional financial institutions.
October 31
