JPMorgan Chase ends business loan partnership with OnDeck
Noah Breslow, chairman and CEO of OnDeck Capital.
The decision is a blow to OnDeck, which said Monday that it intends to pursue a bank charter, either by applying for one or by buying a bank.

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Fiserv-First Data deal set to close
 Jeffery Yabuki, president and CEO of Fiserv
Fiserv expects its $22 billion purchase of First Data to close on Monday after clearing regulatory requirements.

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Truist out to prove it can best the megabanks in tech
Signage for BB&T and SunTrust is displayed on buildings in Florida.
To combat the notion that regional banks' tech offerings are inferior, the combined BB&T-SunTrust will have to go "toe-to-toe" with big banks, BB&T chief Kelly King said ahead of shareholder approval of the deal Tuesday.

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Capital One's data breach was bad. It could've been worse
Number of accounts exposed in Equifax, Capital One and other big financial data breaches
A breach that compromises personal data of more than 100 million people is never good, but the company did follow some security best practices.

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Wells Fargo creates new roles in latest effort to satisfy regulators
A man uses a Wells Fargo ATM inside a branch in New York.
The San Francisco bank is moving two executives into new positions who will report to consumer banking head Mary Mack.

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A GSE plan before the election has risks — but so does doing nothing
Donald Trump
Some believe the administration will delay action on Fannie Mae and Freddie Mac to avoid any political fallout. Others say the window for reform is closing.

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What's next for OnDeck after breakup with JPMorgan?
AB-072919-ONDECK (2).png
The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership.

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CECL: A solution in search of a problem
Closeup of an accountant's hand on a calculator.
The new accounting standard meant for publicly traded firms creates greater headaches for privately held community banks.

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OCC's innovation pilot gets little love from banks
Office of the Comptroller of the Currency
Financial institutions welcome regulatory feedback on their fintech offerings, but the industry wants the agency to waive enforcement for approved products.

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When do credit problems move from one-off to trend?
Credit quality is being second-guessed after several banks reported higher 2Q charge-offs.

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