Survey: When It Comes to Supplemental Capital ...

May 07, 2010, 4:58 p.m. EDT 1 Min Read

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Student loans

What Wells Fargo’s exit from student lending means for competitors

With the sector facing serious headwinds — from declining enrollment during the pandemic to the prospect of a Biden administration making college free for many families — the departure of a major player could be a shot in the arm for the likes of Discover and Sallie Mae.

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CFPB

CFPB staff shake-up seen hampering investigations

The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by banks and others, critics of the move say.

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Credit quality

Fifth Third defends decision to release loan-loss reserves

The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession.

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Prepaid cards

A debit account that rewards users for shopping at Black businesses

The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity.

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Succession planning

CEO of Cobalt Credit Union set to call it a career

Gail DeBoer has announced her plans to retire in early 2021 after more than three decades at the Nebraska-based institution.

By Aaron Passman

October 22
De novo institutions

Organizers look to open bank in western North Carolina

Highlands Banking would be based in a community near the state's borders with Georgia and South Carolina.

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October 22