One firm's inability to access bank data shows how fragile fintechs can be; payments processor Square quietly withdraws bank application; turnover of chief risk officers is on the rise; and more from this week's most-read stories.
Capital One branch
Fintechs' vulnerability apparent in Capital One data-access flap
Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access.

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Jelena McWilliams
Square quietly withdraws bank application
The payments processor has pulled its submission to the FDIC to become a depository bank but says it plans to make a second attempt soon.

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Casually-dressed professional using a tablet in conjunction with a large monitor.
Why RBC, JPMorgan are backing a new standard for financial apps
A new standard would make financial apps work together the way iPhone apps do. Twelve large banks, including JPMorgan Chase, Morgan Stanley and RBC, are already using it.

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Banks seek new blood to fill evolving CRO role
Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from rival banks.

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Crypto money laundering up threefold in 2018: Report
Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace.

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What's behind the slowdown in CRE lending
Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here's why.

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Acting CFPB Director Mick Mulvaney, also head of OMB (Office of Management and Budget)
What happens to CFPB if Mulvaney gets picked as Trump's chief of staff?
There is yet more drama surrounding leadership of the CFPB as President Trump reportedly considers promoting Mick Mulvaney to White House chief of staff.

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Comptroller of the Currency Joseph Otting and FDIC Chairman Jelena McWilliams
Pressure mounts on FDIC, Fed to follow OCC's small-dollar lead
The Office of the Comptroller of the Currency's bulletin is seen as just one piece of the regulatory puzzle to coax banks into installment lending.

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Senator Patrick Toomey.
How Pat Toomey could shape banking policy
If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means.

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Statistics on biometric growth expectations in devices
Corporate customers want retail's bells and whistles, too
"Banks should be investing in innovation in this area or risk getting left behind," a fintech CEO warns.

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