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An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in December but is not making the results public.
June 5
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The Massachusetts senator and architect of the CFPB offered a sharp contrast to the administration's deregulatory agenda and sent strong signals of a presidential run.
June 5
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The European Union’s General Data Protection Regulation could serve as groundwork for future U.S. rules, so analysts suggest credit unions at least begin working toward compliance.
June 5
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The appointment of the former top lawyer at Fifth Third Bank rounds out the Trump administration’s picks to run the federal prudential banking agencies.
June 5
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Payday lending stocks are beating records. Mostly because they're no longer payday lenders.
June 5
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Financial institutions can improve monitoring of suspicious activity and potentially risky customers using algorithms, but they need to treat this new technology with caution.
June 5
IBM Global Business Services -
The agency’s acting chief has angered consumer advocates by refusing to hold meetings that they say are required by law.
June 4
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Democratic CFTC commissioner Rostin Behnam said Monday that the proposed changes to the proprietary trading ban go too far.
June 4
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The legislation lets banks hold a certain amount of reciprocal deposits without having to classify them as brokered deposits.
June 4
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To improve bank oversight, policymakers should eliminate overly complex rules in favor of principles-based regulation.
June 4
