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Former Comptroller Eugene Ludwig cites fintechs that take deposits and provide lending without proper oversight as one reason for the next recession. @tchtweets Bank Policy Institute @bpievents americanbanker.com/articles/unfet…

"Banks engaged in crypto-related activities need to have appropriate measures in place to manage novel risks and...compliance with all relevant laws," including to money laundering," Federal Reserve's Michael Barr @Brookings Inst. Brendan Pedersen americanbanker.com/news/feds-barr…

Senate Banking Chair Sherrod Brown said the better alternative to employer-based earned wage advance products "would simply be for the companies to pay their workers enough to live on." Brendan Pedersen americanbanker.com/news/lawmakers…

"It's very unusual for something to go on that long for 13 years — it's rare, " said Roland Reynolds, a partner at Gordon & Reynolds, on the complicated legal tale of a couple and their $1.7 million home in San Ramon, California. americanbanker.com/news/californi…

"It is vitally important that the government commit the resources and the time to combat fraudsters and scammers that are hurting both consumers and banks," said RobHunter @TCHTweets. americanbanker.com/news/banks-poi…

"Financial institutions should not be wholly dependent on [government] assistance, whether directly or indirectly," FDIC's Martin Gruenberg Claire Williams americanbanker.com/news/fdics-gru…

americanbanker.com/news/big-banks…

This makes sense: Federal Reserve Vice Chair for Supervision Michael Barr wants banks to think twice about taking on deposits from crypto firms. Kyle Campbell Federal Reserve americanbanker.com/news/feds-barr…

"Senator Warren will pick up a stick, a stone or anything she can find on the ground to beat Wells Fargo over the head with, even though it's wholly unclear whether the numbers [she released] were facts," said Isaac Boltansky at BTIG. americanbanker.com/news/how-much-…

"Every single CFPB rule on the books and enforcement actions could be subject to a legal challenge," said Patricia McCoy, a professor at Boston College Law School. americanbanker.com/news/all-of-cf…

American Express has not seen changes in its customers' spending behavior. "Last quarter was a record-level quarter and this quarter was only [a bit] behind that," said Steve Squeri Amex. americanbanker.com/payments/news/…

"We're in a situation where for the foreseeable short-term future, a larger and larger percentage of potential borrowers are not going to get a loan," said Bryan Filkey @InterfirstCo. americanbanker.com/news/feds-rate…

Mortgage rates have doubled this year hitting an average of 6.94% last week, while home loan applications have fallen to their lowest level in 25 years. Many lenders say they are losing money selling loans backed by Fannie Mae or Freddie Mac. americanbanker.com/news/feds-rate…

The U.S. central bank started "very slow off the mark" in tightening, said New York Fed President Bill Dudley and @FederalReserve "hasn't accomplished anything" in loosening the U.S. labor market even after four consecutive 75-basis-point hikes. americanbanker.com/articles/fed-h…

Silicon Valley Bank s tipping toward being liability-sensitive — with liabilities such as deposits repricing faster than loans and other assets — which isn't ideal in a rising rate environment. Allissa Kline americanbanker.com/news/svb-finan…

“I really don't get the point of this whole [crypto] system. I think it's going to be a little bit like Tulip mania that's just going to collapse in value,” Rep. Juan Vargas. D-Calif., said a House hearing. @ChropraCFPB @CFPB americanbanker.com/news/republica…

The CFPB faces a tricky road ahead writing rules around how financial institutions provide access to bank transaction data to consumers on request. americanbanker.com/news/banks-say…

""Terminating over a thousand people a year wasn't difficult to understand." The inside story on Wells Fargo's phony-account scandal. A blow-by-blow by my colleague @KevinWack American Banker americanbanker.com/news/why-wells…

Step 1 help create a crisis Step 2 profit from it americanbanker.com/news/federal-h…

Woah.