Our take on the latest trending events:

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Bank consolidations appear to be more attractive to midsize banks these days, thanks to current regulatory and market conditions, including heightened competition from bigger banks, pending regulatory changes, and the explosion of mobile banking.
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>The Financial Accounting Standards Board (FASB), which establishes accounting rules for American companies, tuned down banks' proposal to modify CECL to alleviate its effect on earnings.
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Credit card delinquencies and defaults are on the rise and have recently hit a seven-year high, prompting lenders to take a closer look at their loan portfolios to spot signs of risky assets.
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Many bank executives believe that consumers may be on the brink of forgoing traditional brick and mortar branches.
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The CFPB proposed new rules recently that is aimed at helping to cut back on the number of collection calls consumers would receive from creditors.
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