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The Square scare and other fintech invaders

Monday, January 1, 0001

Why IEX's Sara Furber says you should not fear the big jobs, and why Square says banks have nothing to fear in its bid for an ILC charter. Plus, workplaces women like and Lena Waithe on using your superpowers.

GOP undeterred on arbitration rule repeal despite Wells, Equifax

Monday, January 1, 0001

Democrats have striven to paint recent scandals at Wells Fargo and Equifax as prime examples of why a regulatory rule banning mandatory arbitration agreements should be upheld, but Republicans are not wavering on their desire to overturn it.

Credit union suit of Equifax may be first, likely won't be last

Monday, January 1, 0001

Summit Credit Union in Madison, Wis., has filed what's believed to be the first lawsuit by a financial institution in connection with the massive data breach.

Second FHA tour would be much different for Montgomery

Monday, January 1, 0001

Nominated last week as FHA commissioner, Brian Montgomery would lead an agency with a much better delinquency rate, but face new challenges.

EPA official banned from banking; congressman wants answers

Monday, January 1, 0001

In a July order, the FDIC fined a former Oklahoma banker $125,000 and banned him from banking, prompting questions by Rep. Elijah Cummings, D-Md., over whether he is fit to serve as a top adviser at the EPA.

First Republic using student debt refis to woo millennials

Monday, January 1, 0001

The San Francisco bank has pulled in 10,000 new households with loan products geared toward young professionals.

Brookline to buy First Commons Bank in Massachusetts

Monday, January 1, 0001

Brookline will pay $56 million in cash and stock for First Commons in a deal that will add $324 million in assets.

When your teller is also your digital banker

Monday, January 1, 0001

Umpqua Bank is testing a system that would make text-chat, video and voice banking more personable by staffing them with branch workers during their downtime.

Lawmakers to grill Equifax, Wells CEOs in busy week of hearings

Monday, January 1, 0001

The hearings before the Senate Banking Committee have high stakes for both companies, as lawmakers are expected to ask the CEOs whether they should be fired.

Equifax mismanagement extends to damage control

Monday, January 1, 0001

Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny.

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