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The Biden administration is poised to specify which cryptocurrency firms will be forced to report reams of customer data to the Internal Revenue Service, said people familiar with the matter.
January 7
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Faster payments would help the economy in general and individuals and small businesses in particular. It's time for banks to step up.
January 7
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Citigroup as the first major Wall Street bank to impose a strict COVID-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.
January 7
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The debut of new mobile wallets ahead of the Winter Olympics in Beijing is an impetus for the Federal Reserve to bring its own central bank digital currency project up to speed.
January 7
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The consumer agency’s latest data analysis takes issue with how Equifax, Experian and TransUnion have dealt with a deluge of grievances. One analyst called it a “starting point” for stricter regulations and enforcement actions.
January 6
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The government-sponsored enterprise also unveiled two new tranche slices for investors to purchase.
January 6
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John D. "Jerry" Hawke had already established himself as a preeminent banking lawyer when he took the helm of the Office of the Comptroller of the Currency in 1998. Hawke, who died Monday, ran the agency for six years and issued a controversial regulation shielding national banks from state regulatory oversight.
January 6
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A Capital One Financial banker was charged with acting as a foreign agent seeking nonpublic U.S. law enforcement information on critics of Egyptian President Abdel Fattah El-Sisi.
January 6 -
Carrie Langgard, who joined the institution in 2014, became president and chief executive on Jan. 1.
January 6 -
The Nebraska Department of Banking and Finance recently denied GreenState Credit Union's deal to acquire Premier Bank in Omaha. The bank said it hopes to get the ruling overturned.
January 6 -
Mike Steimle, who has led the credit union for roughly 22 years, cited a need for "new blood" in the leadership team.
January 6 -
The National Credit Union Administration approved four new credit unions in 2021 — the most in six years — after revamping the application process.
January 6
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A new group within the Alabama company's equipment finance subsidiary will be led by Jay Cannon, who recently left U.S. Bancorp.
January 6
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A gauge of U.S. firms extending credit climbed in December to the highest level in almost 18 years, signaling a strong bet on the economy’s prospects and heavy investment in automation.
January 6
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The Los Angeles company, set Thursday to complete a merger with a special-purpose acquisition company and raise more than $3 billion in a stock offering, plans to develop new banking and cryptocurrency-related services this year, CEO Jason Wilk says.
January 6
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Two co-founders of the company are expected to give depositions this month in a suit brought by an entrepreneur who says one of them stole her idea of providing credit to immigrants and turned it into a multimillion-dollar venture. Petal denies the allegations.
January 5
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While some in the industry support the change, mortgage broker trade group AIME called on the agency to reconsider it.
January 5
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Sarah Bloom Raskin, reportedly the Biden administration's top candidate for vice chair of supervision, would toughen the Federal Reserve's stances on the role of banks in combating climate change, capital requirements, the Volcker Rule and other policy areas, experts say.
January 5
