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Federal Housing Finance Agency Director Mark Calabria discussed the possibility of having Fannie Mae and Freddie Mac operate under a consent order to allow the government-sponsored enterprises to be able to raise capital.
January 8
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Ardent Credit Union plans to market its adaptable “Cube” design to other financial institutions.
January 8
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JPMorgan Chase & Co. is boosting the annual fee for some customers by $100 as it adds new perks.
January 8 -
The Alexandria, Va.-based credit union's growth was partly driven by strong earnings through the first three quarters of 2019.
January 8
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Though she stopped short of mentioning the FDIC and OCC by name, Fed Gov. Lael Brainard objected to several key elements of those agencies' proposal.
January 8
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The NFC Forum, the global standards body and advocacy association for the use of NFC, released the specifications to improve communication speed and the ability to use NFC in areas in which "noisy radio environments" might cause interference.
January 8 -
Cybersecurity, AML compliance and consumer protections top the credit union regulator's list.
January 8
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The annual Consumer Electronics Show, taking place in Las Vegas, is a showcase of bizarre and revolutionary new technologies — with a few providing glimpses into the future of fintech and payments.
January 8
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Facebook Pay's relatively limited scope has raised less opposition than the company's crypto project, argues Infinite Convergence's Anurag Lal.
January 8
Infinite Convergence -
Tencent Holdings Ltd. and China UnionPay Co. will soon unify the mobile codes that consumers scan to pay for purchases, granting the Chinese central bank-backed network a bigger foothold in a $27 trillion payments arena.
January 8 -
Research shows most consumers would prefer more options to pay down their debt early. Here’s why it would also help banks.
January 8
Common Cents Lab -
Marcus and the Apple credit card accounted for 3% of the bank’s profit in the first three quarters of 2019, despite a multibillion-dollar investment in consumer operations; the senator’s plan would make it easier to expunge debt.
January 8
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Some security experts have warned that Iranian hackers may go after U.S. targets, including financial services companies, in retaliation for the U.S. government's assassination of Iranian military leader Qassem Soleimani.
January 8
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The thinking has been that additional POS complexity is the only way to give customers what they want and streamline business operations. Yet a typical merchant uses less than 20% of the capability of their POS solution—and not often very well, says Revel Systems' Chris Lybeer.
January 8
Revel Systems -
Facebook’s Libra cryptocurrency project has drawn vast political pushback, but also more tangible government action as nations globally consider central bank supported digital currencies. It’s also sparking a potential bottom-up approach in New York.
January 8
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Native American leaders are cheering the proposal, which would give banks Community Reinvestment Act credit for making loans on reservations, even if the lands sit far outside their assessment areas.
January 7
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Banks will have plenty of developments to follow this year, from Big Tech's evolving foray into the industry to data disputes and increased competition from digital-first challengers.
January 7
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Clients will have an active role in testing new products and services at the regional giant formed by the merger of BB&T and SunTrust, says Chairman and CEO Kelly King.
January 7
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The agency's new leader began her career as a part-time night-shift package handler for UPS in Chicago.
January 7
