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Santander Bank

Santander taps JPMorgan Chase exec to lead retail network

As head of Santander Bank's retail network, Colleen Canny will be in charge of more than 600 branches and over 4,100 employees across eight states.

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Liz Oakes of Mastercard

Mastercard hires Liz Oakes to bolster real-time payments

Former McKinsey & Company associate partner Liz Oakes has been named Mastercard's executive vice president of market development for the New Payments Platforms division.

(Full story here.)
Fed Chair-designate Jerome Powell with President Trump
Jerome Powell, governor of the U.S. Federal Reserve and President Donald Trump's nominee as chairman of the Federal Reserve, speaks as Trump, left, listens during a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. If approved by the Senate, the 64-year-old former Carlyle Group LP managing director and ex-Treasury undersecretary would succeed Fed Chair Janet Yellen. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg

Cheat sheet: Can Trump actually fire Fed's Powell?

Media reports say President Trump is polling advisers on whether he can fire the head of the central bank. He probably can't, but that may not stop him from trying.

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fannie-freddie-hq-bl-620.jpg

Will 2019 bring long-awaited reform of Fannie Mae, Freddie Mac?

After 10 years of conservatorship, the new year could finally usher in big steps toward housing finance reform.

(Full story here.)
Rep. Maxine Waters, D-Calif.
Representative Maxine Waters, a Democrat from California and chairman of the House Housing and Community Opportunity Subcommittee, speaks during a hearing about mortgage and foreclosure servicing in Washington, D.C., U.S., Thursday, Nov. 18, 2010. U.S. House lawmakers criticized the Obama administration's program to prevent foreclosures as a Treasury Department official testified that the initiative has reduced monthly mortgage payments for almost 520,000 homeowners. Photographer: Joshua Roberts/Bloomberg *** Local Caption *** Maxine Waters
Joshua Roberts/Bloomberg

Waters approved to lead House banking panel

Rep. Maxine Waters, D-Calif., will take the gavel on the Financial Services Committee next term.

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Woman running with data showing being transmitted
Woman running across the bridge with statistics in background
.shock - stock.adobe.com

The bank that watches your every move

One bank is tracking the habits of its 4.4 million customers, giving them discounts on services if they visit the gym or get a flu shot. Other companies may soon follow suit.

(Full story here.)
Kenneth Lehman

Trio of Georgia banks plan ambitious merger

The combination of CCF Holding, Heritage Bancorp. and Providence Bank will create a $1 billion-asset institution. Veteran bank investor Kenneth Lehman will be its chairman.

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Treasury Secretary Steven Mnuchin stands behind President Donald Trump.

Is Trump a systemic risk?

There is no banking crisis, but the president's actions are threatening to create one.

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Credit card default rates of those who borrow online vs. those who do not

Why banks shouldn't make online banking too easy

Rushing to copy the Amazon experience, banks and fintechs are focused on simplifying financial services online. A Georgia Tech researcher says that approach is risky.

(Full story here.)
CFPB headquarters
Exterior of the Consumer Financial Protection Bureau, Washington, DC USA

USAA mishandled payday disputes, opened unauthorized accounts: CFPB

The bank will pay over $15 million in restitution and fines to settle claims that it neglected stop-payment requests and reopened deposit accounts without customers' consent.

(Full story here.)
Career moves Trump administration GSEs Consolidations Online banking Penalties and fines Donald Trump Jerome Powell Maxine Waters Santander
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