Banking
Top stories summarized by our editors
1/22/2018

Doing a few small, simple things daily can help you get ahead in your job, writes Alyse Kalish. Read, engage professionally in your social media networks, jot down ideas and ask questions every day.

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The Muse
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Alyse Kalish, social media
1/22/2018

Consumer Financial Protection Bureau acting Director Mick Mulvaney's decision to request no funding this quarter from the Federal Reserve indicates he plans to use the directorship's immense power to transform the agency, write attorneys David Rivkin Jr. and Andrew Grossman. They note a lack of accountability because of the agency's single-director structure and say the "power now belongs to Mr. Mulvaney -- and if [former CFPB Director Richard] Cordray had no constraints in his overreach, his successor is equally free to rein it in."

1/22/2018

The Securities and Exchange Commission and the Commodity Futures Trading Commission have issued a joint statement underlining intentions to take firm action against fraud in cryptocurrency transactions and initial coin offerings. The statement emphasizes commitment to examining cases in detail, with one trader who has received an SEC inquiry saying regulators are sifting through projects with "a fine-toothed comb."

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Business Insider
1/22/2018

High-profile cyberattacks plagued 2017 -- will 2018 bring more of the same? Aidan Simister looks at seven cybersecurity-related topics, including the types of attacks to expect and improved cybersecurity technologies.

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CSO
1/22/2018

Financial institutions should do more than give canned responses after a technical problem affects a customer's money, says Joe Sullivan, CEO of Market Insights, a bank marketing consultancy. Financial Marketing Solutions CEO Tim Pannell says banks need a way to handle social media rage without creating liabilities.

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Joe Sullivan, social media
1/22/2018

Ten states have laws that enlist financial advisers in the fight against elder financial abuse, and roughly 10 more are expected to enact such laws this year, according to the North American Securities Administrators Association, which established a model for the laws. The laws require advisers to alert authorities to suspected abuse and allow them to stop disbursements from seniors' accounts.

1/22/2018

Two of the three traditional legs of the retirement financing stool -- pensions and Social Security -- are either vanishing or looking iffy, making it vital for future retirees to learn how to balance on the one leg of savings. In this harsh environment, experts offer their thoughts on how to get the most out of savings while paring expenses.

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Social Security
1/22/2018

Wells Fargo has reached a settlement with a former branch manager who says she was fired after she reported employees had opened unauthorized accounts. A copy of the agreement is due Feb. 9 to the Department of Labor.

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Wells Fargo, Department of Labor
1/22/2018

The House has passed a bill to exempt smaller lenders, including community banks, from compliance with reporting rules under the Home Mortgage Disclosure Act. "Since the inception of Dodd-Frank, our local small banks and credit unions have been forced to, quite literally, pay the price for a crisis they didn't create," said bill author Rep. Tom Emmer, R-Minn.

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HousingWire
1/19/2018

The Federal Reserve is rewriting a leverage-ratio rule, sources say, a change that could free up billions of dollars for banks. The Federal Deposit Insurance Corp., which has authority over bank rules, reportedly opposes the change.