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Republican lawmakers have asked the Treasury Department's inspector general to investigate whether the Office of the Comptroller of the Currency's policies are encouraging banks to cut ties with entire lines of business or banks in other countries.
July 6 -
Four credit union executives explain the key ideas and solutions that have worked to increase their institutions' auto-lending portfolios.
July 6 -
Payments processor Vantiv and buyout firm Warburg Pincus are among suitors seeking to buy a U.S. payments business owned by Royal Bank of Canada and Bank of Montreal, according to people familiar with the matter.
July 6 -
Payments processor Vantiv Inc. and buyout firm Warburg Pincus are among suitors seeking to buy a U.S. payments business owned by Royal Bank of Canada and Bank of Montreal, according to people familiar with the matter.
July 6 -
While often looked upon by preceding generations as commitment-phobic and "irresponsible job hoppers" laden with severe debt, millennials who receive fair wages tend to be loyal to their employers and committed to building savings and credit, according to the latest Credit Karma Millennial Report.
July 6 -
Payments technology provider Kash Corp. has hired SmartFi founder Johnie Lee, a former senior Google employee who worked on Google Wallet and Android Pay Hands Free engineering.
July 6 -
Installment lenders are concerned that efforts by the Consumer Financial Protection Bureau to curb the most abusive and predatory practices associated with payday loans will wreak havoc on their business.
July 6 -
U.S. Bank was unusual in making users pay for real time person-to-person payments on Early Warning's clearXchange, a practice it's ending as other banks start to offer free transactions on the same network.
July 6 -
Federal Reserve Board Gov. Daniel Tarullo acknowledged that capital requirements for smaller banks are too complicated, suggesting they could be retooled to be like earlier Basel Committee standards.
July 6 - PSO content
Consumers in the U.K. are preparing a 19 billion-pound ($24.5 billion) class action lawsuit against MasterCard Inc., almost two years after a European Union court ruled the processing fees the company had charged for cross-border transactions were unfair.
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