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BB&T-SunTrust merger closing could slip into 2020; how “the most feared freshman” is shaking up House Banking panel; consumers are split about trusting Amazon, Google with their savings; and more from this week’s most-read stories.
October 18 -
Draft legislation would amend the Bank Service Company Act to give the National Credit Union Administration third-party vendor oversight, a power it has been requesting for the better part of two decades.
October 18 -
Count Citizens Financial’s Bruce Van Saun among those who think interest rate cuts could halt by mid-2020. The key, he says, is to focus on delivering services customers are willing to pay fees for and to skillfully reprice deposits until then.
October 18 -
The high court will decide how much latitude a president has to fire the director of an independent agency.
October 18 -
The legislation, sponsored by Rep. Cindy Axne of Iowa, aims to hold public companies accountable for moving jobs overseas. It won unanimous support from House Democrats but attracted only two votes from Republicans.
October 18 -
The JPMorgan Chase CEO called Facebook's cryptocurrency project a "neat idea" but added his name to the list of industry leaders and policymakers skeptical about the plan.
October 18 -
The two agencies requested comment on the scorecard regulators use to assess a bank's overall health as some question whether ratings are consistently applied.
October 18 -
Dort Federal Credit Union provided a free meal to all of its branch employees for CU Lunch Local while other institutions served their communities in other ways.
October 18 -
The Toronto-based bank has hired 1,200 people across five countries in North and South America to focus on digital features.
October 18 -
Zachary Wasserman will succeed Mac McCullough, who is retiring at the end the year.
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