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The president said that European Central Bank President Mario Draghi would do a better job overseeing monetary policy in the U.S. than Fed Chairman Jerome Powell.
June 26 -
Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund.
June 26 -
Researchers found that stolen payment data has been used to finance terrorism, human trafficking and other organized crime. Their conclusion that card fraud needs to be taken more seriously by banks and card networks drew pushback from the financial industry.
June 25 -
Democratic lawmakers argue that Paul Watkins' former employment at a "homophobic hate group" makes him unfit to lead the agency's innovation office. Watkins says he did no advocacy work for that organization.
June 25 -
There is bipartisan agreement in the Senate that Fannie Mae and Freddie Mac are "too big to fail," but some lawmakers are skeptical that a SIFI designation is appropriate.
June 25 -
The president signed an executive order Tuesday establishing a White House council dedicated to examining regulatory barriers to affordable housing.
June 25 -
The number of minority depository institution charters is declining even as their financial performance is going up, according to a new study by the FDIC.
June 25 -
Many people still distrust banks, but many also look askance at the social media giant, making it an unlikely savior of the unbanked.
June 25American Banker and Financial Planning -
As lawmakers meet this week to discuss artificial intelligence, they should work with regulators to create universal and workable definitions.
June 25Kabbage Inc. -
Dallas Fed chief says lower interest rates may require stricter rules to ward off riskier lending; after financial crisis, debt backed by HELOCs disappeared.
June 25