In addition to changing the name of the Consumer Financial Protection Bureau, the acting director wants to also nix public complaints; the good, bad and ugly in Zelle's ascendance; a case study for digital outage recovery; and more from this week's most-read stories.
Acting CFPB Director Mick Mulvaney
Mulvaney to drop public complaints against firms, change CFPB name
Acting Consumer Financial Protection Bureau Director Mick Mulvaney announced a trio of significant changes to the CFPB.

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Zelda's transaction volume for 2016 and 2017, compare to Venmo
Zelle's bumpy ride toward ubiquity
Banks using Zelle share the good, the bad and the indifferent of the person-to-person payment network.

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A BB&T branch.
What other banks can learn from BB&T's glitch
Several banks have reported digital service outages this year, but now there's a detailed breakdown of one of them — and it shows that the damage goes far beyond reputation.

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Blockchain tests. April 2018.
Spinoff rumors or not, JPMorgan Chase's blockchain unit is evolving
JPMorgan Chase is sending signals that its homegrown blockchain, Quorum, is alive and well despite a recent shake-up.

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SunTrust branch
Former SunTrust employee said to have stolen customer data
The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank.

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Acting CFPB Director Mick Mulvaney
Mulvaney response to CFPB data security gaps baffles cyber experts
The agency's acting chief said hundreds of data breaches justified a halt on collecting information from firms, but experts question that logic.

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Senator Kirsten Gillibrand, a Democrat from New York
Gillibrand aims to 'wipe out' payday lenders with postal banking bill
The New York senator offers legislation to empower U.S. post offices to take deposits and make loans.

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AB-042418-WELLS (2).png
'Wells Fargo, you're the worst': Scenes from testy annual meeting
CEO Tim Sloan and board chair Elizabeth Duke fielded tough questions Tuesday on everything from the embattled bank's culture to its ties to the private prison industry.

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Do credit unions still warrant a tax exemption?
A bombshell letter from a prominent senator and a court ruling criticizing credit unions' interpretation of "field of membership" have bankers hopeful that Congress may finally be willing to examine the public-policy purpose of the Depression-era tax break.

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Sen. Sherrod Brown, D-Ohio
CFPB's Mulvaney gives unexpected gift to Democrats
Critics of the acting CFPB director have a new line of attack as he takes fire for remarks made at an industry conference earlier this week.

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