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WASHINGTON -- The Federal Deposit Insurance Corp. is launching a survey this month to collect data on the small business lending practices of insured banks.
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The cryptocurrency ecosystem operates on the fringes of tradition, with "initial coin offerings" announced, discussed and carried out largely via online forums and without regulation. The phenomenon is high-risk and should be treated as such.
June 29
The Vanbex Group - PSO content
Mexico has joined the United Nations Better Than Cash Alliance amid a government push to increase financial inclusion and gender equality.
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The credit card industrys switch to microchips is expected to improve security at the point of sale, but fraudulent online purchases remain a big vulnerability.
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The Federal Housing Finance Agency wants mortgage servicers reaching out to delinquent borrowers to be exempt from tough restrictions on robo-calling. But the idea is being panned by consumer groups, who say it would give a free pass to mortgage servicers that have a record of consumer-protection violations.
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Columbia Credit Union in Vancouver, Wash., has expanded into neighboring Oregon as the CU continues to eye other opportunities to offer its services beyond its 12 branches in Clark County.
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Credit scores are useful in predicting the likelihood of whether someone will repay a loan. However, banks and others need to provide customers with another number that more accurately assesses their financial health.
June 29
Center for Financial Services Innovation -
The Financial Stability Oversight Council announced Wednesday it was rescinding the systemic designation of GE Capital, the first time the interagency body has de-designated a firm.
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The credit card industry's switch to microchips has improved security, but fraudulent online purchases remain a big vulnerability. A new credit card company called Final, which launches Wednesday, is aiming to fix that problem.
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After the departure of Financial Crimes Enforcement Network's director last month, the future of the Treasury Department unit remains the subject of fierce speculation within the financial services industry.
June 29
