Federal court blocks HUD guidance on down payment assistance
HUD Secretary Ben Carson
The ruling deals a blow to efforts by the Department of Housing and Urban Development to restrict nonprofit housing funds from operating on a national scale.

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FASB extends CECL deadline for most lenders
The decision gives the vast majority of banks and credit unions another year to implement the controversial accounting method for loan losses.

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PNC aggressively adding branches to become coast-to-coast bank
William Demchak, president and CEO of PNC Financial Services Group
CEO William Demchak, encouraged by early returns from new branches in Dallas and Kansas City, Mo., plans to enter even more markets.

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Ally ends credit card experiment, pivots to point-of-sale loans
Jeffrey Brown, chief executive of Ally Financial.
The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases.

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First Horizon may ask Alexa to help take on bigger banks
amazon alexa echo dot
The Memphis, Tenn., regional will explore the use of voice assistants as part of its digital banking push.

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Once a doubter, TD is now bullish on crypto, blockchain
tuteja_sunayna _td_ameritrade.jpg
It's created a new digital assets and distributed ledger group, trades bitcoin futures and is funding a crypto exchange.

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Emboldened by CECL delay, industry seeks repeal
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After FASB's decision to give most banks extra time to prepare, lobbying groups are pushing for more.

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PayPal-backed blockchain aims to help banks verify digital IDs
A new project backed by the government of Luxembourg could ultimately be influential in the U.S., where banks have been slow to develop a shared platform for digital identities.

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Elizabeth Warren makes play to put banking in 2020 spotlight
Sen. Elizabeth Warren, D-Mass.
Warren’s plan unveiled Thursday would be the most significant rewrite of financial services rules since the Dodd-Frank Act of 2010.

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Wells Fargo sued for denying loan to Dreamer
Pedestrians walk past a Wells Fargo bank branch in Los Angeles.
Alleged discrimination over immigration status is the latest legal headache for Wells Fargo.

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