10-5-17 12:15 AM EDT | Email Article
Yellen: Fed Should Make Sure Bank Rules Aren't Too Burdensome 
 

Fed chief Janet Yellen voiced support for making sure bank rules aren't unduly burdensome, underscoring her potential flexibility on postcrisis financial regulation as Donald Trump weighs whether to nominate her for a second term.

 
Draghi Invokes ECB Building's Nazi Past in Fight Against Populism 
 

European Central Bank President Mario Draghi Wednesday invoked a dark chapter in the history of his institution's home building to condemn rising populist trends both in Europe and beyond

 
Treasury to Withdraw Proposed Tax Rules on 'Valuation Discounts' 
 

The U.S. Treasury Department said Wednesday it will withdraw proposed Obama-era regulations that would have made it harder for business owners to avoid estate and gift taxes.

 
Blacklisted Payment Processor Ceases Operations, U.S. Says 
 

PacNet Group, a Canadian payment processor the U.S. has accused of ripping off the elderly, ended business operations and has begun to wind down, according to a U.S. Treasury Department official.

 
Navient to Buy Fintech Firm Earnest for $155 Million 
 

Navient, one of the largest U.S. companies that collects payments on student debt, jumped into the lending business by agreeing to acquire financial-technology startup Earnest Inc.

 
Senators Rip Credit-Reporting Model in Wake of Equifax 
 

Senators questioning Equifax's former chief attacked the business model of the credit-reporting industry, asking why consumers shouldn't have power over the data that the companies collect on them.

 
Wells Fargo Details Refunds to Certain Mortgage Customers 
 

Wells Fargo said it is refunding certain customers who may have wrongfully paid fees for mortgage lock extensions. The bank gave additional details on its plans after CEO Timothy Sloan mentioned the refunds during a congressional hearing Tuesday.

 
Key Lawmaker Calls for SEC to Delay Trading Database 
 

One of Congress's leading overseers of Wall Street urged regulators to delay the launch of a vast database of stock-market trades that is increasingly seen as a major target for hackers.

 
The Hand-to-Hand Combat to Save Payday Lending 
 

After fierce letter-writing campaigns promoted by both payday lenders and consumer advocates, the Consumer Financial Protection Bureau is expected in coming days to introduce federal oversight of the $38.5 billion industry.

 
PwC Reports Higher Global Revenue 
 

PricewaterhouseCoopers recorded $37.7 billion in global revenue in its most recent fiscal year, up 5% from the previous year in U.S. dollar terms, the Big Four accounting firm said Wednesday.

 
 

(END) Dow Jones Newswires

October 05, 2017 00:15 ET (04:15 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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