Signage in front of the Fannie Mae and Freddie Mac headquarters.
Firm advising GSE investors updates plan to end conservatorships
The revised blueprint by Moelis & Co. incorporates a pending regulatory capital plan for the mortgage giants.

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Proposed eleventh-hour change to CECL has bankers scrambling
The Financial Accounting Standards Board is considering a plan to have banks break out charge-offs and recoveries on a year-by-year basis. Bankers fear new systems would be needed to comply.

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Wells Fargo branch
Wells Fargo layoffs begin with 1,000 mortgage, tech jobs
Wells Fargo will lay off 1,000 workers primarily from its mortgage unit in the first major round of a previously announced plan to cut the bank's workforce by as much as 10% over the next three years.

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An Advance America Cash Advance payday store in Arlington, Virginia.
Payday lender's emails tell a different story on Choke Point
Top executives at Advance America acknowledged that anti-money-laundering concerns at banks were likely the cause of account terminations, even as they publicly blamed a stealth regulatory campaign.

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Security risk in cardless ATMs? The customer
Fifth Third Bank customers were swindled out of over $100,000, but not because the bank didn't have protection in place.

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Acting CFPB Director Mick Mulvaney
CFPB walks tightrope in effort to define 'abusive' practices
Regulators typically write rules before applying them. But the CFPB is attempting the reverse.

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Brenda Kerr
HarborOne in Mass. hires former Santander exec to run retail banking
Brenda Kerr will be responsible for creating a strategy for the bank's retail operations.

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BBVA signage
Blockchain slashes approval time on syndicated loans, BBVA says
BBVA, BNP Paribas and MUFG recently used BBVA's blockchain to reach an agreement within 24 hours — instead of two weeks — to lend a Spanish power company $150 million.

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'I lost my home because of a computer glitch': Wells Fargo victims seek answers
The bank recently notified an upstate New York man that he was wrongly denied a mortgage modification, and enclosed a $25,000 check. But details of what went wrong have been hard to come by.

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Users of BofA's Erica virtual assistant
BofA faces lawsuit over use of the name Erica
A Colorado business owner and the second-largest U.S. bank are set to go to court this month over his intellectual property claim that he owns the service mark for an online virtual assistant named Erica. That is the same name the bank uses for its digital assistant.

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