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In the face of tough questioning from House members, CFPB Director Kathy Kraninger appeared mostly unfazed and tried to strike a balance between heeding concerns about the agency’s power and supporting its mission to help consumers.
March 7
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The lab works with more than 200 data scientists to create access to affordable credit and help financial firms match products to customers, the company says.
March 7
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The National Credit Union Administration will return the money to credit unions after having lowered the agency's normal operating level last year.
March 7
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Valley Bank spent millions on bank acquisitions under its previous CEO. Its new leader has taken a markedly different approach.
March 7
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Criminals are inventing new ways to hide dirty money amid transactions for digital goods bought and sold on everything from Amazon to game-app sites. Banks need to wake up to the threat, says Ben Duranske, Facebook Payments' former compliance chief.
March 7
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Banks thrive when they invest in their workers as opposed to obsessively tracking the strategies of rival institutions.
March 7
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Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.
March 7
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Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.
March 6
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SalesPhysics was created by industry veterans who once worked at Bank of America.
March 6
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For years Carter Bank in Virginia had resisted technology of all kinds — even ATMs. But a leadership change, rising rates and a thirst for low-cost deposits finally led to a change in philosophy.
March 6
