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Some credit union advocates are praising the Consumer Financial Protection Bureau for a move that exempts select institutions from certain reporting requirements, but other say the bureau must still do more.
July 11 -
The Treasury Department will take a huge hit when Cecil Bancorp sells its bank, while 1st Mariner Bank in Baltimore will see its equity stake completely wiped out. Cecil opted for bankruptcy court when it was unable to resolve an impasse over its trust-preferred stock.
July 11 -
A recent op-ed got it wrong when it questioned the National Credit Union Administration’s actions to modernize credit union field of membership rules.
July 11
America's Credit Unions -
When the U.S. withdrew from the Paris Agreement, business leaders across the country called on the private sector to step up their own efforts to reduce greenhouse gas emissions and ultimately limit global warming to 2 degrees Celsius. From new corporate governance practices to energy efficient upgrades, here’s a look at some of the ways the banking sector is combating climate change.
July 11 -
As the CFPB prods banks to improve their debt collection processes, tech firms are applying artificial intelligence, chatbots and self-service portals to create a more enlightened approach.
July 11 -
The administration and regulators are considering exempting certain asset classes from the leverage ratio, but opponents say going down that road is a mistake.
July 11 -
Despite assurances that the Department of Justice crackdown on banks' third-party relationships is ceasing, lawmakers say it is still having an impact.
July 11 -
Google's Android Pay is moving closer to its launch in India, pending approval by the Reserve Bank of India (RBI), as more U.S.-based companies including Uber and Amazon work to add technology supporting India’s central bank-approved unified payments interface (UPI) to their portals.
July 11 -
The administration and regulators are considering exempting certain asset classes from the leverage ratio, but opponents say going down that road is a mistake.
July 11 -
North American Bancard Holdings has completed its acquisition of Total Merchant Services, a merger that NAB says will make it the seventh largest processor in North America in terms of merchant locations.
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