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The FedNow real-time payments settlement network from the Federal Reserve could launch prior to its estimated 2024 time frame, but a lot of pieces have to fall into place to make that happen.
October 15
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JPMorgan Chase had the cash and willingness to calm short-term funding markets when they went haywire in mid-September, but the banking giant said regulations held it back.
October 15
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A list of upcoming cases published by the high court did not include a challenge to the bureau's constitutionality, but the justices could still decide to review it at a later date.
October 15
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A law signed last week by Democratic Gov. Gavin Newsom caps interest rates on installment loans. But three large lenders are looking to avoid its restrictions by partnering with banks.
October 15
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Banks shouldn't let the legal and regulatory hurdles deter them, attorney Felix Shipkevich says.
October 15
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Banks need to ditch their "wait and see" approach to making real-time payments available to their customers says Vinay Prabhakar, Volante’s vice president of product marketing.
October 15
Volante Technologies -
The California Democrat is less recognizable nationally than other progressives elected to the House in 2018. But she may be "the most feared freshman" on the Financial Services Committee.
October 14
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BofA’s do-no-harm approach to AI; looking at what comes next for Fannie and Freddie now that they get to keep their earnings; ruling cuts short debt collectors’ victory lap over CFPB proposal; and more from this week’s most-read stories.
October 11
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The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned."
October 11
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CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law.
October 11
