Our take on the latest trending events:

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In October, the Consumer Financial Protection Bureau unveiled proposed restrictions on "arbitration clauses" in financial products. The argument goes that legal language prohibiting customers from filing class action claims undermines a key individual right. If the rule goes into effect, it could come close to a ban on arbitration clauses, writes American Banker.
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The chief executive of Royal Bank Canada, Dave McKay, said legacy banks should stop trying to force regulators to stymie Silicon Valley innovators and instead look to improve their own systems to compete.
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A new political ad harking back to Apple's iconic "1984" campaign depicts the Consumer Financial Protection Bureau as a Stalinist behemoth bent on denying loans to worthy Americans.
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It was the summer of 2014 and JPMorgan Chase disclosed it had been the victim of a crippling cyber attack. The breach exposed 83 million accounts, both personal and business, at the nation's largest bank. Now criminal charges have been handed down and significant new details made public about the vast operation.
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