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Benefiting from higher loan guarantee income and lower derivative losses, Freddie Mac said Tuesday it had made $993 million in the second quarter, a dramatic reversal from its $354 million loss a quarter earlier.
August 2 -
JPMorgan Chase's contract to provide debit cards to inmates released from federal prison is backfiring after the bank agreed to settle a class-action lawsuit filed by inmates who said they were charged exorbitant fees to access their money.
August 2 -
In a perfect world, better financial literacy along with equipping bankers with ethical standards would make the Consumer Financial Protection Bureau obsolete.
August 2
Louisiana Bankers Association -
WASHINGTON Lending standards for most business and residential real estate loans as well as subprime consumer loans are tighter than the 10-year average, according to a survey of senior bank loan officers released by the Federal Reserve Board.
August 1 -
In a board action late last week, the agency proposed a number of changes, including softening the exam appeals process, in response to recommendations by the FDIC Office of Inspector General. It also asked banks to pay particular attention to their relationships with third-party lenders.
August 1 -
European bank regulators should get out of the way and let banks there "do their job," JPMorgan Chase Chief Executive Officer Jamie Dimon said.
August 1 -
The linchpin of the federal government's payday lending proposal is a credit-reporting system for small-dollar loans created by the private sector, but the kinds of companies that could create it haven't stepped forward.
August 1
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Banks should assess a customer's full financial picture before deciding to sell a debt to a third-party collection agent.
August 1
Oracle Financial Services -
Four years after the first states legalized marijuana, most bankers still want nothing to do with it.
July 31
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In June, SourceMedia Research an affiliate of American Banker conducted a survey of 52 chief operating officers and other operations executives on a range of topics, including COOs' top priorities and what they think will be their future role. The data suggests COOs are concerned with regulatory trends and security threats and view themselves as change agents. Many aspire to one day become a CEO. Here are some data snapshots.
July 31
