Slideshow The banker caught up in Russia scandal, Mulvaney vs. Warren Part XIII, CU tax: Top stories of the week

Published
  • March 02 2018, 4:32pm EST
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The Russia probe puts a national spotlight on a Chicago bank exec; CFPB's Mulvaney and Sen. Warren face off (again) while a credit union CEO takes a surprising position on the industry's tax exemption.

The community banker who got tangled up in the Russia probe

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager. Here's a look at Calk's career and how he ended up in this spot.

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Gloves off in CFPB tug of war between Mulvaney, Warren

The war of words between acting Consumer Financial Protection Bureau Director Mick Mulvaney and Sen. Elizabeth Warren, D-Mass., the agency's architect, is escalating.

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I'm a credit union CEO who agrees with Hatch: Tax big credit unions

Lawmakers should consider taxing large, banklike credit unions that have strayed from their original fields of membership, argues a credit union executive.

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Is this the future of cross-selling?

The digital-only Ally Bank has taken several steps to deepen customer relationships through electronic channels, including use of personalized emails and websites that have yielded strong click-through and loyalty rates.

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Will JPMorgan's splashy tech investment pay off?

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

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Tiny Kansas bank bets big on fintech

While the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech.

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BB&T fixes ATMs hit by tech glitch, but online banking still down

The North Carolina bank is the latest regional to experience a widespread outage.

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How this digital-only bank lowers risk of sign-up fraud

Aspiration Bank relies on software tools to pull data from diverse sources to prevent fraud in account applications.

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3 reasons why Ocwen Financial is buying PHH Mortgage

From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp.

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CFPB's Mulvaney jabs at Warren while endorsing credit unions

Acting CFPB Director Mick Mulvaney dismissed concerns by Sen. Elizabeth Warren, D-Mass., about his leadership of the consumer agency while supporting a lighter regulatory touch for credit unions.

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