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The central bank said that while financial markets' desire for higher yields raises the potential for losses, capital and liquidity safeguards temper any concerns about a looming crash.
May 7
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The long-awaited proposal includes safe harbors to protect collectors from getting sued, but would restrict phone collection attempts and allow borrowers to opt out of receiving other communications.
May 7
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A proposal to give the Consumer Financial Protection Bureau jurisdiction over credit unions with $10 billion or more of assets has sparked a war of words between the longtime foes.
May 7
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After quiet experiments, Citigroup is expanding perks designed for credit cards to encourage sales of other banking products.
May 7
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The board has promised to hire an outsider, but senior executives are lobbying for acting CEO C. Allen Parker to lead the company.
May 6
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There is anticipation that the Consumer Financial Protection Bureau could release its debt collections proposal later this week.
May 6
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As the central bank board proceeds with reforms easing the post-crisis regulatory regime, the Obama-appointed governor has not shied from opposing the agency’s course.
May 5
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The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark.
May 3
California Department of Business Oversight -
Digital coin could be used for purchases across the internet; Berkshire vice chair says he would have let Sloan stay on at Wells.
May 3
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The Office of the Comptroller of the Currency had sought to dismiss the case, but a court ruling suggested that the state regulator’s claim may have merit.
May 2
