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A Future Where The CFPB Is Ineffectual Or Ceases To Exist?

By Jeff Meredith on Feb 20, 2017 12:55:06 PM

Despite all the talk about shrinking government it is relatively rare that a federal agency is eliminated. In 1998 Congress dissolved the U.S. Information Agency, a public relations wing of the government that communicated to 150 nations at the height of the Cold War, with its responsibilities being absorbed by the Department of State. In 1996 Bill Clinton and Newt Gingrich had a rare moment of agreement as they eliminated the Interstate Commerce Commission, which had regulated everything from telephone companies to railroads for more than a century. But the last two decades have been dominated by many more instances where politicians talked a big game about slashing government — particularly plans to dismantle Cabinet-level agencies such as Education, Energy and Commerce — and ran into roadblocks.

Topics: CFPB
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Biggest US Banks by Asset Size 2017

By Jon Ogden on Feb 9, 2017 4:33:00 PM

We've found that it's harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here.

These numbers come from the FDIC in February 2017.

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Biggest US Credit Unions by Asset Size — 2017

By Jon Ogden on Feb 9, 2017 10:56:00 AM

We've found that it's harder than it should be to obtain a current list of the biggest banks by asset size, so we decided to put it here for easy access. No need to go digging through a database. Here it is. 

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Dodd-Frank, DOL Fiduciary Rule On The Chopping Block

By Jeff Meredith on Feb 3, 2017 5:27:40 PM

On Friday President Donald Trump signed an executive order calling for his administration to review the Dodd-Frank Wall Street Reform and Consumer Protection Act and issued a memorandum to delay — and potentially cancel — the Department of Labor’s Fiduciary Rule.

Topics: Regulation
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Citi: Chinese fintech investments are scorching hot

By Kenneth Dabkowski on Jan 26, 2017 11:03:15 AM

The Great Khaleesi Daenerys Stormborn Targaryen from Game of Thrones wasn’t the only one riding dragons to victory last year. So-called Chinese "fintech dragons" have breathed some financial fire of their own in 2016, capturing the top spot in the fintech investment space. The big question is whether winter is coming for US and EU fintech firms, or whether this is just a temporary shift in focus from venture capitalists.

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The decline of department stores is a sign of what's to come for laggard banks

By Jon Ogden on Jan 19, 2017 10:47:15 AM

Bloomberg.com just showed why traders are shorting department stores en masse, and the proof should concern banks that are still focused on branches. Put simply, department stores accounted for 9% of all retail sales in the early nineties but now account for less than 3%. At the same time non-store retailers (including Amazon.com) now account for over 10% of all retail sales.

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Three Macro Bank Tech Trends to Watch In 2017

By Kenneth Dabkowski on Jan 17, 2017 11:07:32 AM

The year 2016 was a banner year for bank technology lingo and acronyms.

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2017 Economic and Banking Trends That Will Give You an Edge

By Jon Ogden on Jan 10, 2017 11:34:57 AM

In many ways, 2017 is looking positive for financial institutions. Quarterly net income is trending upward, lending is up, the stock market is up, unemployment is down, interest rates have started to rise, etc.

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The Biggest Challenge Facing Banks in 2017 and a Checklist to Overcome It

By Jon Ogden on Jan 9, 2017 11:53:00 AM

The Biggest Challenge Facing Banks in 2017

When Moorad Choudhry, author of The Principles of Banking, was asked what’s the biggest challenge facing banks right now, he said that it’s “to stay engaged with the customer.”

Topics: Design fintech
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Treasury Nominee Could Have Far-Reaching Effects

By Jeff Meredith on Dec 7, 2016 12:03:00 PM

Treasury Secretary nominee Steve Mnuchin, a former head of Goldman Sachs’ mortgage-backed securities desk, banker, hedge fund manager and film financier, was no doubt a strange choice for a candidate who bashed Wall Street on the campaign trail and warned that Goldman Sachs controlled rivals Ted Cruz and Hillary Clinton. He also represents a sea change for a federal government that has regulated banks more stringently in the wake of the financial crisis and focused on limiting corporate tax avoidance over trimming rates.

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