State AGs sound alarm over Enova, OppFi buying banks

A coalition of 20 state attorneys general, most of them Democrats, is opposing efforts by the high-cost lenders Enova International and Opportunity Finance to acquire banks. The state AGs warn that the companies are trying to dodge state interest-rate caps.

Citizens to exit in-store branches, build standalones nearby

The regional bank revealed plans Thursday to close most of its supermarket-based branches and replace about half of them with new, nearby standalone branches. The multiyear transition could attract $20 billion to $30 billion in low-cost deposits, executives said.

Regulators tighten handling of sensitive exam data

The bank regulators say they will limit the sending and storage of highly sensitive supervisory information, including by using alternatives such as on-site reviews and requiring notifying banks of data compromises within 72 hours.

NY regulators fine Swedbank $50M in Panama Papers probe

One of Sweden’s biggest banks agreed to the penalty to resolve a multi-year investigation into its compliance failures. The New York State Department of Financial Services said Swedbank intentionally withheld information it was required to turn over.