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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.

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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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Sizzle Or Fizzle: Facebook, Online Lending, Cash – And The Twilio Surge

PYMNTS

This week it was Minnesota, and then yesterday Walmart really got warmed up and announced the expansion of their new payments service in: Michigan, Virginia, the Carolinas, Indiana, Iowa, Kentucky, Nebraska, North Dakota, South Dakota, Tennessee, Louisiana, Missouri, Mississippi and Washington, D.C. A pretty clear-cut sizzle. Costco Card.

Lending 101
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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.

Retail 100
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Wells CEO Faces Hill Grill On Account Scandals

PYMNTS

In reference to questions about capitalization, Scharf maintained that the bank is “extremely” well-capitalized and stated that the entire banking system is better capitalized than it was during the financial crisis a decade ago. In another line of questioning, Rep.