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CFPB Criticizes Smaller Banks for ‘Dependency’ on Overdraft Fees

CFPB Criticizes Smaller Banks for ‘Dependency’ on Overdraft Fees

ABA president and CEO says report uses ‘dated information’ to ‘unfairly criticize banks’
Agility ‘critical’ to remaining profitable, Syntellis report finds

Agility ‘critical’ to remaining profitable, Syntellis report finds

84% of financial institutions need to act to leverage data
ABA-led coalition calls for roadmap for FHA-insured mortgage products post-Libor

ABA-led coalition calls for roadmap for FHA-insured mortgage products post-Libor

US regulators set to refuse Libor exposure from December 31
City National Bank Chairman Retires; Heartland Bank Names Market President

City National Bank Chairman Retires; Heartland Bank Names Market President

Plus: Federal Home Loan Bank of Pittsburgh appoints member director and SmartBank names three experienced banking professionals
Simmons Bank and Spirit of Texas Bank to Merge; Valley National Bank Completes Merger with Westchester Bank

Simmons Bank and Spirit of Texas Bank to Merge; Valley National Bank Completes Merger with Westchester Bank

Plus: Mid Penn Bank completes acquisition of Riverview
Apiture and Alacriti Launch Digital Loan Payment Solution for Banks and Credit Unions

Apiture and Alacriti Launch Digital Loan Payment Solution for Banks and Credit Unions

Platform will allow Apiture clients to improve customer experience, satisfaction, and retention, as well as streamline payment processing
Higher Inflation Could Last Longer than Anticipated Says FOMC

Higher Inflation Could Last Longer than Anticipated Says FOMC

Members say there are no upside risks to inflation
US agencies issue crypto-asset roadmap to provide ‘greater clarity’ to banking sector

US agencies issue crypto-asset roadmap to provide ‘greater clarity’ to banking sector

Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the OCC
SVB Private Bank Appoints Head of Relationship Management; National Cooperative Bank Names Acting CEO

SVB Private Bank Appoints Head of Relationship Management; National Cooperative Bank Names Acting CEO

Plus: Manulife appoints board of director and First Bank and Trust announces assistant vice president promotion
Bank of England fined by FDIC

Bank of England fined by FDIC

Bank was in violation of Section 5 of the Federal Trade Commission Act
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