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Mackinac Financial in Manistique, Mich., has agreed to buy First National Bank of Eagle River in Wisconsin.

Developers Debate Future of Bitcoin; Merrill Broker Exodus?

Overlapping missions and jurisdictions are fueling competition between the Consumer Financial Protection Bureau and the Federal Trade Commission, according to former officials at both agencies.

Sen. Bernie Sanders and former Gov. Martin O’Malley pledged to reinstate the Glass-Steagall Act to separate commercial and investment banking, while former Secretary of State Hillary Clinton said her reform plan was the only one to go after the nonbanks like AIG which caused the crisis.

Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fees and declines in expenses.

Idaho Community Action Network (ICAN) on Monday protested what it calls a lack of action by the Consumer Financial Protection Bureau regarding enacting national standards for payday loan operations and ending uncapped loans.

Banks operating on legacy systems created 30 to 40 years ago are becoming far more open to working with third-party innovators, which have no interest in the baggage that would accompany becoming a direct competitor to the banks themselves.

This past decade brought us the iPhone, the maturation of the Internet of Things and the ability to pay with a dip, a tap, a text and a blink. We saw social platforms launch, unify the globe and then surpass 1.5 billion users, more than the population of the biggest country on earth.

ACA International filed a lawsuit in July to challenge the Federal Communications Commission’s Declaratory Ruling concerning the Telephone Consumer Protection Act. On Friday, in the U.S. Court of Appeals for the D.C. Circuit, the FCC filed its answering brief to the case, titled ACA International, et al. v. FCC and U.S.

Sen. Bernie Sanders and former Gov. Martin O’Malley pledged to reinstate the Glass-Steagall Act to separate commercial and investment banking, while former Secretary of State Hillary Clinton said her reform plan was the only one to go after the nonbanks like AIG that caused the crisis.