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Federal Reserve Vice Chair Michael Barr Monday spoke at length about efforts to enhance banks' liquidity and long-term debt positions after last year's bank failures while saying little about the capital hikes detailed in the embattled interagency Basel III endgame proposal.
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Originators misled VA refinance applicants into believing they could skip two months of mortgage payments, the Federal Deposit Insurance Corporation said.
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The announcement, made at the Mortgage Bankers Association's Secondary Markets Conference, underscores Ginnie Mae's role at the forefront of digitization efforts in the capital markets space.
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Investors are facing recent pressure after Republic First's collapse, allegations of criminal activity by an executive at Old National and a pending CFPB rule affecting credit card fees.
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Regulation and other factors are creating friction for the banks and consumers that want to transact in crypto.
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Senate Banking Committee chair Sherrod Brown, D-Mass., asks the White House to nominate a replacement for Federal Deposit Insurance Corp. Chairman Martin Gruenberg after an independent review found instances of severe workplace misbehavior at the agency.
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