Banking Industry 2020
- Banking
Liquidity or housing? Why can’t the Home Loan banks support both?
Kate Berry’s March 7 article in American Banker on the Federal Housing Finance Agency’s (FHFA) ongoing “System at 100” review…
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Crypto firm Tether says it has around $1.6 billion in excess reserves to back its USDT stablecoin
Paolo Ardoino, Tether’s chief technology officer, said the company estimates that the excess reserve will increase by $700 million in…
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For the biggest banks, an influx of deposits has some downsides
Banks’ first-quarter earnings reports will shed light on which financial institutions have taken on more deposits than normal in the…
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CNBC Daily Open: Yellen changed the mood — again
U.S. Secretary of the Treasury Janet Yellen testifies during a hearing before a House subcommittee in Washington, DC. Alex Wong…
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CFPB orders Portfolio Recovery Associates to pay $24 million
“CFPB orders are not suggestions, and companies cannot ignore them simply because they are large or dominant in the market,”…
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Republicans sharply question Treasury, FDIC on failed banks
Rep. Patrick McHenry, R-N.C., and chairman of the House Financial Services Committee, speaks during a hearing on March 8. He…
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Banks, credit unions steer back to drive-thrus
DFCU Financial in Dearborn, Michigan, has 34 branches, and 32 of them have drive-up lanes. The COVID-19 pandemic made drive-thru…
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Second Circuit rules that CFPB’s funding is constitutional
The Second Circuit’s ruling in favor of the Consumer Financial Protection Bureau sets up an appeals court split on an…
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Chico bank suffers data breach after February cyber attack
Tri Counties Bank in Chico, California, suffered a data breach during a cybersecurity incident that took place in February, the…
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New sanctions require banks to up their games | ABA Banking Journal
‘For regional banks, the ultimate question may be whether they want to deal with this or simply de-risk.’ By John…
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