WASHINGTON - (03/10/05) -- The Senate delayed a final vote onthe bankruptcy reform bill until Thursday while they debated onemore amendment that would prevent an investment adviser for acompany from representing the same company after it files forbankruptcy, because of potential conflicts of interest. Senateleaders were discussing last night whether the proposal would beacceptable to the House, which is expected to take up the bill soonafter the Senate passes it. The Senate is expected to vote finalpassage of the credit union-backed bill Thursday. Meantime, theRepublican-controlled Senate turned away five other amendments tothe bill Wednesday night, including one that would give moreprotection to single mothers filing for bankruptcy and another thatwould make it harder for wealthy debtors to protect expensive homesfrom creditors after filing.
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Part of the growing "phishing-as-a-service" economy, the Spiderman kit offers novice hackers sophisticated tools to target customers of major EU institutions.
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Banks may need to offer people over the age of 65 more than just digital experiences, according to an executive at J.D. Power, which surveyed more than 11,000 retail banking customers.
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In a move some industry observers call "dangerous and irresponsible," the administration is taking down consumer protection guardrails that have been put up by states like California and Colorado.
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Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The Office of the Comptroller of the Currency Friday approved national trust charter applications for five crypto firms, affirming the administration's push to allow crypto companies the ability to take deposits.
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Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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