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The heads of some of the largest U.S. banks are calling for a new security-focused mindset among executives, better forms of ID and collective action in the aftermath of the Equifax breach.
November 7
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More FHA homeowners than expected are refinancing out of the program and into conventional mortgages, despite an increase in mortgage rates over the past year.
November 7
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The San Francisco-based lender still posted losses in its portfolio, although those declined considerably from the year-ago period.
November 7
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The new vice chairman of supervision at the Fed said the agency will seek comment on its rules for stress tests, capital and other areas, as well as look at how fintech has impacted the industry.
November 7
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Apple Inc. is nearing the rollout of Apple Pay Cash with the person-to-person payments service’s debut today as a public beta test, five months after the initial announcement.
November 7
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Boston-based State Street announced Tuesday that Chairman and CEO Joseph L. Hooley plans to step down from his leadership roles.
November 7
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American Express Canada is launching a digital payment solution that replaces plastic cards with virtual account numbers.
November 7
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BM Corp., one of the bluest of U.S. blue-chip companies, is touting blockchain as the supply-management tool of choice for an unusual industry — cannabis.
November 7
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The banks' newest offerings hope to attract young clients and keep them there for life. But they face stiff competition.
November 7
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Messenger is one of Facebook's most requested services in the U.K. and France, making these markets ripe for the platform's new P-to-P payments capabilities. But in taking the service internationally, Facebook may also reveal its limitations.
November 7
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The firm outlined a plan in September to generate $5 billion in additional revenue over the next three years, with more than 40% of that coming from lending.
November 7
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Rather than pull up stakes and leave two low-income Mississippi towns at the mercy of payday lenders, Regions Bank donated the branches to a local credit union and kicked in another $500,000 for operating costs.
November 7
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The trade group's Annual Report on Credit Unions was released today, focusing on the regulatory burden and the importance of the credit union tax exemption.
November 7
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What makes a strong team? Many in finance are still misjudging these qualities, because, without even realizing it, they gravitate to those they feel most comfortable with. Here is what Barbara Byrne has learned from her own experiences in the industry.
November 7
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New York Fed chief cautions against taking “meat cleaver” to Dodd-Frank; Stephanie Cohen, one of the highest-ranking women at the bank, will try finding new sources of revenue.
November 7
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Cordray is still keeping everyone guessing about whether he is staying or running for governor of Ohio. And Republicans could weaken the agency by putting one of their own in charge and rolling back many of the rules it’s set.
November 7
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Amid the rise of online lending earlier this decade, banks were derided as being too slow to adapt. But over time it's become clear that banks hold key advantages over lending startups.
November 6
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Bankers are generally happy with the House Republican tax plan released last week, but one provision of the proposed overhaul is likely to give them pause: a cutback in the deduction for deposit insurance premiums.
November 6
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Richard Berner, who has headed the Office of Financial Research since its inception, said Monday he will resign by yearend to spend time with family.
November 6
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Facebook Inc. is enabling people outside the U.S. to send money to each other via its Messenger texting app for the first time.
November 6
