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Democratic Gov. Gavin Newsom signed measures designed to bolster consumer protection rules. The bills target several issues that have also been percolating at the federal level.
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The company has signed an agreement to sell Continental Finance its entire card portfolio.
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Interchange fees and financial incentives for merchants, banks and mobile wallets could come under pressure if the government forces the card brand to alter its policies.
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Three of the companies that were part of the FTC's sweep, Operation AI Comply, charged consumers to open online storefronts that generated little money compared to what was promised.
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Dealmakers say the Federal Reserve's decision to reduce interest rates this month will lower borrowing costs and support banks' credit quality, making it easier for buyers to assess sellers' balance sheets and agree on sale terms.
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Federal Reserve Vice Chair Michael Barr announced upcoming regulations requiring large banks to preposition collateral at the Fed's discount window and maintain minimum reserves based on uninsured deposit levels.
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The workforce management platform and payment company launched a card to pay corporate expenses, an option that the country's large banks have mostly avoided.
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As a leader, just because you have the authority to make a decision doesn't mean you should always be the one making it. A good manager allows subordinates to make choices and assume responsibility.
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Our annual list of the most powerful women to watch in banking and finance.
September 26 -
Stevens' expansive role at the Cincinnati-based lender includes head of enterprise workplace services, which puts her in charge of Fifth Third's properties.
September 26