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USAA sues PNC over mobile check deposit technology
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The lawsuit follows two successful USAA suits against Wells Fargo that claimed infringement of patents.

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Deposit glut could dog banks well into next year
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The flood of liquidity that accompanied the pandemic recession isn't likely to subside anytime soon. Banks will have to employ a mix of securities buying, hedging and other balance-sheet-management tricks to prop up margins longer than initially imagined.

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'Enigmatic' CFPB chief could drop more surprises in a second Trump term
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Kathy Kraninger's job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue balancing a deregulatory agenda with her unexpectedly tough stance on enforcement.

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Citi hit with pair of enforcement actions, fined $400M
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Citi hit with pair of enforcement actions, fined $400M
The company's mistaken payment to Revlon creditors and other lapses are said to have contributed to Citi's recent leadership shake-up. On Wednesday, the OCC and Fed ordered the company to fix its risk management problems.

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Election 2020: Biden tax plan could dent banks' bottom lines
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The industry says the 2017 cut in the corporate rate helped position lenders to support the economy when the pandemic hit. But a plan proposed by Democratic nominee Joe Biden could strain banks' capital investment and hiring, observers say.

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OCC official: We want to be diversity role model for banks
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Any regulator or bank should build from a foundation of diversity, dignity and respect, says Grovetta Gardineer, the agency's head of national bank supervision policy.

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Banks urge Fed to revise liquidity rule after pandemic shock
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The industry is warning regulators putting the finishing touches on the Net Stable Funding Ratio that the measure could exacerbate volatile market events like the spring selloff of Treasury securities.

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What's driving skyrocketing demand for boat, RV loans
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Many consumers are taking to the highways and the water for safe getaways during the pandemic — powering one of the few bright spots in lending. However, bankers warn that boomlets usually come with distinctive credit risks.

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A 'platform built by us and for us': Black leaders start neobank
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Television executive Ryan Glover, rap star Killer Mike and civil rights icon Andrew Young have launched a digital bank for Black and Hispanic consumers called Greenwood Financial.

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5 ransomware trends that should alarm banks
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Increases in attacks, escalating money demands and the security challenges of having people work from home are magnifying the threat.

(Full story here.)

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