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Fintechs Face Difficult Regulatory Realities on Charters

Bank Innovation

WASHINGTON, D.C. Fintechs are having trouble facing reality when it comes to obtaining bank charters, FDIC Chairman Jelena McWilliams and Comptroller of the Currency Joseph Otting said here at the FDIC’s Fintech and the Future of Banking conference on Wednesday.

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Mnuchin Prefers Private Over Government Solutions to Data Collection, Use

Bank Innovation

WASHINGTON, D.C. — Secretary of the Treasury Steven Mnuchin said today that he prefers private over government solutions when it comes to collecting and using consumer data for financial products and services, speaking at a fintech conference hosted here by the FDIC.

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FDIC Wins Revival of Lawsuit Against 11 Banks Over Mortgage Securities

American Banker

WASHINGTON -- The Federal Deposit Insurance Corp. on Thursday won the right to pursue a lawsuit against several large financial institutions accused of selling tainted mortgage securities to a company that has since failed.

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Hill Country And The Social Complexity Of Going Cashless

PYMNTS

In the Penn Quarter neighborhood of Washington D.C., Cash was actually shaping up to be a security liability for Hill Country, which kept getting robbed. In so doing, it launched itself into a debate that is unfolding in both its home city of Washington D.C. About 30 percent of the population of Washington D.C.

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Finance Policy Predictions 2020: AML, Authentication, Collections & CRA

FICO

Some are saying this spring but in Washington, D.C., While regulators have formed an inter-agency working group to develop viable reform measures, Congress has recently taken action to address the problem. In December, the FDIC and OCC issued a proposed rule to modernize the Community Reinvestment Act (CRA). email and texts).

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FDIC's Gruenberg Called to Capitol Hill Over Cyber Breaches

American Banker

WASHINGTON -- Federal Deposit Insurance Corp. Chairman Martin Gruenberg has been called to testify on recent cybersecurity breaches in front of a House committee this month.

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Digital Disruption

Independent Banker

“We are going to have to lean into this digitized world, so that we can continue to serve our customers well into the 21st century,” ICBA President and CEO Cam Fine told the 24th World Congress of Savings and Retail Banks in Washington, D.C., See “Closing the Gap” in the November 2015 issue, online at www.independentbanker.org.).