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The Treasury Department is expanding its calls for overhauling regulation of the financial services sector, this time focusing on changes to the most significant rules surrounding securitization and derivatives.
October 6
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A change in the formula that banks use to calculate borrowers’ debt-to-income ratios, announced by Fannie Mae in April, appears to be spurring more lending.
October 6
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Mastercard will invest $750 million in India in the next four to five years by continuing to acquire companies there, CEO Ajay Banga said this week.
October 6
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Facing persistently low loan yields, increased competition and higher regulatory costs, many community banks are at risk of becoming irrelevant unless they rethink their business models.
October 6
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The $30 million acquisition has hit a snag over problems with Franklin’s commercial real estate portfolio.
October 6 -
Mary Callahan Erdoes, CEO of JPMorgan Chase's asset management unit and American Banker’s Most Powerful Woman in Finance, shared a funny story about her kids and her boss, Jamie Dimon, at the 2017 Most Powerful Women in Banking dinner.
October 6
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Former British Prime Minister David Cameron will join First Data Corp.’s international advisory board as the payments processor expands its global presence.
October 6
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Executives from across the industry celebrated gender diversity Thursday evening at American Banker’s Most Powerful Women in Banking and Finance dinner in New York.
October 6
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The company, which is still recovering from two recent hurricanes, said it will voluntary comply with several key restrictions that were in the 2010 written agreement.
October 6
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Linda Verba, head of service strategy for TD Bank, discussed how the right look can build confidence and credibility.
October 6
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The big four core vendors have had little incentive to innovate in recent years. But newer competition will force them to update their technology if they wish to survive the digital age.
October 6
CCG Catalyst -
TD Bank's Linda Verba, who received a lifetime achievement award at the Most Powerful Women in Banking gala, said diversity cannot just be a buzzword.
October 6
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Cathy Bessant of Bank of America talks about the "nobility" of banking and how it helps change people's lives for the better.
October 6
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Mary Callahan Erdoes of JPMorgan Chase outlines the secret to motivating employees that she learned from businessman Jack Ma.
October 6
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A trip to the doctor's office requires a lot of forms, oftentimes collecting the same information for different purposes. This redundancy is a clear example of where technology can offer a better experience.
October 6
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Giving away its speaker to Pixel devotees isn't just about getting these devices into homes; it's about getting them to the users most likely to favor Google over Amazon, writes Daniel Wolfe, Editor in Chief at PaymentsSource.
October 6
Arizent -
The lawsuit against Navient Corp. demonstrates that despite the recent appointment of more industry-friendly regulators in Washington, financial services companies still face significant legal threats from state capitals.
October 5
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The CUSO will donate $5 for posts with #CSCU and $10 for sharing CSCU posts with #ICUDay.
October 5
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Wells Fargo executives and directors accused of steering the bank into the worst scandal of its modern history were ordered to defend a lawsuit accusing them of profiting from the creation of millions of fake customer accounts.
October 5
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Wells Fargo's home state of California passed a law aimed at curtailing the bank's use of closed-door arbitration to shroud complaints from aggrieved customers affected by its scandals.
October 5
