Slideshow Bitcoin warning, future of GSEs, CFPB data freeze: Top stories of the week

Published
  • January 12 2018, 2:48pm EST
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Cryptocurrencies continue to dominate the news, with a warning on bitcoin taking the top spot for readers and a story about Ripple's partnership with MoneyGram doing well. Housing finance reform, Wells Fargo and the CFPB also featured.

'We are about to be overwhelmed by bitcoin,' senator warns

Sen. Mark Warner, D-Va., said Tuesday that policymakers need to take a hard look at cryptocurrencies. Senate Banking Chairman Mike Crapo agreed the issue was ripe for a hearing.

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6 critical questions as housing finance reform heats up

The Senate Banking Committee is expected soon to release a bipartisan bill that would significantly reshape the housing finance market, but key issues remain unresolved.

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One virtual assistant to rule them all? Bankers already getting prepped

U.S. Bank, Bank of America and other firms are looking toward the day when the ultimate virtual assistant arrives, one capable of being personalized and working on any device.

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More questions for Wells Fargo after exam rating leak

The disclosure of a key part of Wells Fargo's exam rating is fueling speculation that further regulatory action may soon be taken against the megabank and raising renewed questions about its regulator's oversight.

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Capital One names new chief risk officer, general counsel

The McLean, Va., company said that the personnel moves were unrelated to either its financial performance or its risk performance.

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What bankers need to know about Meltdown, Spectre chip flaws

The widespread nature of the threat (most computer chips are vulnerable) and the reality that banks are always juicy targets mean bank officials must take a series of protective actions as soon as possible.

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MoneyGram pilot is important real-world test for Ripple's payments plan

The San Francisco startup behind the cryptocurrency XRP claims it can send money around the world faster, cheaper and with greater transparency.

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Warren grills CFPB head over data collection freeze

Sen. Elizabeth Warren, D-Mass., is asking acting CFPB Director Mick Mulvaney to account for recent directives limiting agency staff members' ability to access or acquire electronic data, saying the moves hamper critical agency operations.

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Shared office space becomes marketing hook for banks

A number of banks, especially those with extra real estate on their hands, are trying to capitalize on the co-working craze to appeal to fledgling companies that could become success stories — and their customers.

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CECL compliance dragging small banks toward automation

Despite impending data requirements, many small banks are still struggling with automating loan risk calculations.

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