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The legislation from Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez is part of an effort to shift the range of what is thinkable in Washington to the left. It may also serve to highlight the vulnerabilities of Democrats with bank-friendly records.
May 13American Banker -
Apple's App Store was a game changer for mobile payments. But Apple's ecosystem was also very much a digital Wild West, with app developers and Apple itself sometimes running afoul of regulators and legal authorities.
May 13 -
The Federal Housing Finance Agency has named three senior advisers for policy, economics and communications.
May 13 -
The short-term disruption is worth the benefits of improved security and user experience, writes IIya Dubinsky, head of the CTO office at Credorax.
May 13Credorax -
Financial institutions have often criticized the agency’s publication of consumer complaints. But the information provided can offer executives important insights into looming problems that might not yet have come to light.
May 13 -
The Michigan company said the loan — made to a borrower that plans to shut down its reverse mortgage business — has collateral.
May 13 -
The credit union regulator’s proposal to raise the threshold for home-sale appraisals to $1 million could introduce more risk into the financial system, particularly if bank regulators follow suit.
May 13Appraisal Institute -
Purchase of United Capital Financial would extend the bank’s reach; the bank is raking in online deposits even as it pares back its branch network.
May 13 -
The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors.
May 13 -
The London bank, founded by American entrepreneur Vernon Hill, has lost three-fourths of its market value since British regulators found that some of Metro’s mortgages were given the wrong risk weighting.
May 13