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Top officials at the Internal Revenue Service met with mortgage industry groups this week to discuss possible fixes to the agency’s verification system, which lenders rely on to process mortgage loans.
December 19 -
JPMorgan Chase & Co. will soon kick off a cash-back incentive for credit card customers who pay with a mobile wallet, and it doesn’t matter if the transaction is handled by its proprietary Chase Pay platform or Apple Pay, Android Pay or Samsung Pay.
December 19 -
The Fed approved an application giving Natcom Bancshares indirect control over Republic Bank, declining to take into account claims the transaction imperils the target's S corporation status.
December 19 -
This year has been very good to regional banks, bitcoin investors and several bank CEOs who pulled off big deals or successfully refined business models.
December 19 -
The Federal Deposit Insurance Corp. approved a $2.09 billion budget for 2018, a 3% reduction from 2017, with cuts to receivership funding and nonpermanent staff.
December 19 -
Bank of America Corp. told investment bank employees they'll soon be able to take off up to an additional six weeks in a year — with pay.
December 19 -
The U.S. Chamber of Commerce said Monday that an attempt to oust Mick Mulvaney as acting director of the Consumer Financial Protection Bureau would raise "grave questions" about the constitutionality of the consumer agency.
December 19 -
The Trump administration has previously signaled that it wants to bring the Office of Financial Research under its control. Now it may have the opportunity to do so.
December 19
American Banker -
Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.
December 19 -
Amazon reported that the Amazon Echo Dot was the best-selling item on Amazon on Black Friday, meaning millions of households are likely to be setting up their new Echo on Christmas morning, writes Scott Hess, vice president of user experience, consulting and innovation at Fiserv.
December 19
Fiserv -
The executive tasked with reshaping Wells Fargo's embattled retail banking unit will now also be responsible for mortgage, auto and student lending.
December 18 -
The U.S. Chamber of Commerce said Monday that an attempt to oust Mick Mulvaney as acting director of the Consumer Financial Protection Bureau would raise "grave questions" about the constitutionality of the consumer agency.
December 18 -
Washington Federal in Chicago, which had a clean balance sheet and plenty of capital on Sept. 30, was shuttered shortly after the death of its CEO and regulators' discovery of "substantial dissipation of assets."
December 18 -
Bankers remember Bob Wilmers not only for spearheading the growth of M&T, but also embracing his role as the industry's voice in turbulent times.
December 18 -
Jon Stein plans to make Betterment's robo-adviser as personalized and intelligent as the online retailer's recommendation engine.
December 18 -
Nigeria’s ProvidusBank is the first in the region to launch a World Elite Mastercard, a credit card offering rewards and travel perks such as global concierge services.
December 18 -
Credit union trade associations lauded lawmakers while bankers -- predictably -- lamented the news.
December 18 -
If we are going to make these global transactions easier for payers and receivers, these incumbents have to accelerate their progress and level of innovation, writes Mike Massaro, CEO of Flywire.
December 18
Flywire -
While a robust dialogue about all forms of financial products is critical and regulation to protect consumers is necessary, removing a source of credit for hard-working Americans and eliminating choice should not be the focus of any federal agency.
December 18
Florida Office of Financial Regulation -
Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.
December 18



















