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The Consumer Financial Protection Bureau's final rule on prepaid cards will improve fraud protection and provide greater transparency of costs for such products, but is already drawing fire from both consumer advocates and bankers over how it treats overdraft fees.
October 4 -
The Federal Trade Commission took a victory lap Tuesday in its fight with race car driver Scott Tucker and his payday lending operation.
October 4 -
Wells Fargo Chief Executive John Stumpf may get a third grilling by lawmakers over the fake-accounts scandal that continues to embroil the San Francisco bank.
October 4 -
WASHINGTON Bank trading revenue in the second quarter rose by more than 25% from a year earlier to $6.9 billion on rising combined interest rate and foreign exchange revenue, according a report issued by the Officer of the Comptroller of the Currency on Tuesday.
October 4 -
WASHINGTON Parts of the revised resolution plans of the eight largest U.S. banks were released Tuesday, according to the Federal Reserve and Federal Deposit Insurance Corp.
October 4 -
The bank's fake account scandal is further reason to make the results of Wells' 2012 Community Reinvestment Act exam public.
October 4
California Reinvestment Coalition -
Information security, internal controls, workforce planning and building renovations are priorities that the Consumer Financial Protection Bureau should quickly address, its inspector general said last week.
October 4 -
Visa, MasterCard and American Express lost an early round of a lawsuit alleging they colluded to pin liability for fraudulent transactions on merchants who didn't meet a chip-reading technology deadline.
October 4 -
Midland States Bancorp in Effingham, Ill., has ended loss-share agreements related to two failed banks it acquired.
October 3 -
Fallout from the Wells Fargo phony accounts scandal has reached Midwest bond borrowers, with Illinois announcing bans on bond and investment work and the Chicago City Council set to consider a moratorium on any bond-related business.
October 3
