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More than three dozen organizations are asking the FDIC to reject Square’s pending application to become an industrial loan company, according to a letter filed Tuesday.
February 20
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The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue.
February 20
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Credit card issuers would have to set aside more in reserves because of higher loss histories, according to research by Keefe, Bruyette & Woods on the impact of the new loan-loss standard.
February 20
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The agency’s effort is a good first step to updating brokered deposit rules, but regulators excluded several important considerations in their advance notice of proposed rulemaking.
February 20
Jones Waldo Holbrook & McDonough -
Legalized marijuana is a multibillion-dollar industry, and it desperately needs banking services. Will Congress come to the rescue?
February 20
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When a cryptocurrency exchange is unregulated, you need to investigate its security practices yourself, writes Phillips Nizer LLP's Patrick Burke.
February 20
Phillips Nizer LLP -
The administration is sending conflicting signals on whether it has a plan to overhaul the housing finance system, further complicating an already complex debate.
February 19
American Banker -
The agency’s proposed changes to its standard for small-dollar loans will help ensure underbanked consumers still have access to credit. Concerns about predatory lending are overstated.
February 19
Consumers' Research -
Recent data from the Federal Reserve suggests lenders are growing pessimistic about the credit environment. But is that a sign of trouble ahead, or just sound risk management?
February 18
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The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.
February 15
