Slideshow Blockchain hype, CFPB outlook and Dodd-Frank's staying power: Top stories of the week

Published
  • January 05 2018, 3:25pm EST
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Don't believe the hype: There are no good uses for blockchain

After 10 years of development, nobody has come up with a use for blockchain that has been widely adopted.

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Could blockchains replace banks in real estate lending?

Startups that have developed the technology for real estate finance are starting to conduct a broader array of transactions, including property sales.

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CFPB 2018 outlook: More deregulation, more upheaval

If acting CFPB Director Mick Mulvaney ultimately prevails in the lawsuit challenging his position, he is expected to continue implementing the most significant changes to the agency in its six-year history.

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Banks discover fee income in helping firms with e-payments

Commercial customers, including small businesses, seem ready to pay up to shift to faster, more sophisticated electronic invoicing and payments, and enterprising banks that provide them the technology to do so could find it lucrative.

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Hatch retirement paves way for makeover atop banking panel

The announcement Tuesday by Sen. Orrin Hatch that he will retire at the end of the year could have a ripple effect throughout the Senate, including the leadership of the Banking Committee.

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U.S. Bancorp, Zions latest to hike pay after tax reform

The banks announced bonuses, wage hikes and charitable contributions resulting from the lower corporate tax rate enacted by Congress.

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Double-booking glitch at Capital One a red flag for banks

Customers saw transactions recorded multiple times and experienced drained accounts and long hold times. It's a warning to all financial institutions as they head further into mobile-only banking — glitches are more visible and painful and need to be addressed faster than ever.

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Dodd-Frank is here to stay

The banking industry braced for big changes with the election of President Trump, but the financial reform law has proven its staying power over the past year.

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Retailers score latest win in fight to allow credit card surcharges

Merchants have been challenging surcharge bans in numerous states on free-speech grounds. They have the wind at their backs following another court victory on Wednesday.

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For banks, DOJ reversal on pot will have 'chilling effect'

Attorney General Jeff Sessions' decision to rescind an Obama-era directive that helped foster the marijuana sector's growth raises new risks for banks and credit unions that do business with growers and dispensaries.

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