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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Multifamily, commercial and automotive loans are driving loan growth among banks in the Northeast, but increasing risk will draw fresh attention from regulators to ensure recent and future growth is sound, the Office of the Comptroller of the Currency said recently. The OCC on Oct. The OCC on Oct. • Changes in underwriting.

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New(ish) Ideas Edition: Google, JPMorgan Chase And Samsung

PYMNTS

The CFPB dropped its latest set of regulations for prepaid payments cards , to some cheers (for offering clarity on fees) and some jeers (for thinking that prepaid cards are credit products and require underwriting for $25, 24-hour overdrafts). Much of this situation is additionally muddied by the fact that regulators in the U.S.

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 The Amazon/Walmart Whole Paycheck Tracker: Rethinking And Realigning

PYMNTS

Regulators have recently moved to divide up antitrust oversight of four big tech companies, which observers take as a sign that inquiries and regulatory processes are soon to follow. billion in an air cargo hub to be built in northern Kentucky. That is the first time the company has publicly disclosed that metric.

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Wells CEO Faces Hill Grill On Account Scandals

PYMNTS

Scharf noted the recent changes to leadership, with the creation of the new chief operating officer role , where 75 percent of the operating committee being put into place is new to the firm, having joined since the beginning of 2018. He said in his testimony that the business model had been flawed. Organizational Changes.