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The spending and tax package, which includes bank-friendly provisions, tax perks and GOP priorities, cleared a procedural hurdle after fiscal conservatives withdrew their objections over the weekend.
May 19 -
The online-only bank and its payments partner are making fresh progress in the often stodgy and slow-moving (but steady) area of automated clearinghouse
May 19 -
Federal Reserve Vice Chair Philip Jefferson said the central bank is in the "early stages" of enabling banks to pledge assets to both the Federal Home Loan bank and discount window liquidity facilities.
May 19 -
U.S. banks are sorted into different regulatory regimes based on asset-size thresholds established in another era. Those classifications need to be recalibrated and indexed to inflation.
May 19Ludwig Advisors -
Breaking into a new industry can be daunting, especially in a field as complex as banking. Here's how experts recommend getting started.
May 19 -
Firing 90% of the Consumer Financial Protection Bureau's staff and stripping it down to "the statutory studs" is lawful, an attorney for the CFPB told an appeals court.
May 16 -
The merger, which provides for $6.75 million in payments to three Space City Credit Union executives, had drawn criticism. But Space City members approved it by an 82% to 18% margin.
May 16 -
Standard Chartered Bank hired a new head of digital assets, Europe and Americas; Provident Financial Holdings has a new chief financial officer; Bank of America is opening four branches in Boise, Idaho; and more in this week's banking news roundup.
May 16 -
Bribed overseas contractors accessed internal systems, triggering a monthslong breach with costs reaching up to $400 million.
May 16 -
In a dramatic move, conservative hardliners blocked President Donald Trump's tax and spending bill, which would have included many measures favored by banks.
May 16