GSE reform a likely scratch from this year’s to-do list; banks’ difficulties in speaking emoji; reactions to Mick Mulvaney’s plans for the CFPB; and more.
Signage in front of the Fannie Mae and Freddie Mac headquarters.
Time's up: GSE reform ain't happening this year
Momentum to overhaul the mortgage finance system had been slipping, and with Democrats divided over the Senate's banking relief bill there's virtually no chance more bipartisan deals can be worked out.

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Banks struggle to unmask true account owners for looming AML rule
Efforts by financial institutions to track "beneficial ownership" data in advance of a regulatory deadline next month is complicated by the challenge of getting customers to cough up the information.

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When it comes to emojis, banks just ¯\_(ツ)_/¯
Customers are sprinkling symbols into their texts, and it's a challenge for banks to fine-tune systems to support the use of the cartoon code in communications.

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Signage is displayed at a Wells Fargo bank branch in New York.
Wells Fargo execs, directors got the boot. Will its auditor be next?
KPMG has been the bank's auditor since 1931. Critics say it's time for a change.

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Acting CFPB Director Mick Mulvaney
Mick Mulvaney's CFPB plan is dangerous
His suggestion to force major agency rules to be preapproved by Congress is a threat to consumers and lenders alike.

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Acting CFPB Director Mick Mulvaney
Mulvaney thwarts Warren inquiry, citing CFPB structure
The agency's acting director uses a reply letter to the senator not to answer her questions but to underscore that Congress lacks the ability to compel answers to such questions.

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Brian Behlendorf is executive director of the Hyperledger Project, which seeks to establish common standards for blockchain technology. It is embedded within the nonprofit Linux Foundation, which has about 1,000 corporate members.
Blockchain collective snags big fish: Ripple
Becoming a member of Hyperledger fits Ripple's ideal of allowing different blockchains or distributed ledgers to communicate with each other.

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What SMEs seek from credit providers, according to Aite Group
How one small bank increased lending without hiring more lenders
Millennium Bank in Tennessee has quickened approval times on loan applications by using software that frees lenders from repetitive, manual tasks. The result: Loan balances have increased by more than 50% in less than two years.

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Mick Mulvaney, director of the Office of Management and Budget and acting-director of the Consumer Financial Protection Bureau.
It 'would stab a knife' into CFPB: Critics react to Mulvaney proposal
The latest salvo by the acting director of the Consumer Financial Protection Bureau — proposing in the agency's semiannual report that all CFPB rules be subject to congressional approval — left many observers stumped if not outraged.

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Treasury building
5 takeaways from Treasury's call to action on CRA
The financial services industry and community reinvestment advocates both praised the Treasury Department's recommendations for reforming Community Reinvestment Act enforcement.

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