* In Missouri, Central Banco agreed to acquire Platte Valley Bank of Missouri in a deal set to close in the fourth quarter.
* In Miami, the City National Bank of Florida agreed to purchase Executive Banking Corp., the parent company of Executive National Bank.
* In a 321-103 vote, the House of Representatives passed a bill that would provide regulatory relief to financial services companies offering services to cannabis-related businesses.
* House Financial Services Committee Chair Maxine Waters, D-Calif., vowed to introduce legislation that would prevent regulators from further deregulating the financial services industry. At a subcommittee hearing on financial stability, Waters specifically pointed to some financial regulators' attempts to dismantle rules under the Dodd-Frank Act.
* Eleven years after the U.S. financial crisis, lawmakers in the House Financial Services Committee are worried about some aspects of the financial system, such as increased leveraged lending, cybersecurity and the transition to a new interest rate benchmark, AmericanBanker reports. Rep. Gregory Meeks, D-N.Y., chairman of the subcommittee on consumer protection and financial institutions, said he fears some actors in the economy and in the government have "a worrisome form of amnesia or selective memory."
* Republican Senators are wary about the Federal Reserves' plan to come up with its own real-time payments system, citing factors like cost, interoperability, uniform pricing, and with Sen. Pat Toomey, R-Pa., even saying Congress should step in to try to block the launch of FedNow, American Banker reports.
* St. Louis Fed President James Bullard said the Federal Reserve may have to cut interest rates a bit more this year, seeing further easing of monetary policy as "prudent risk management" given that continued trade tensions may drag down U.S. growth and that inflation remains below the Fed's 2% target.
* The U.S. Securities and Exchange Commission entered a settled final judgment against former investment adviser firm Strong Investment Management and its owner, Joseph Bronson, over securities fraud charges for their involvement in a "cherry-picking" scheme.
* Goldman Sachs wants to put its troubled past related to the 1MDB scandal behind, President and COO John Waldron said in a Bloomberg Television interview Sept. 25. Waldron said his company intends to help Malaysian investors get back the money they lost. Waldron mentioned that the bank isn't facing any restriction in the U.S. for its involvement in the scandal, and declined to comment on the likelihood of a settlement with the U.S. Justice Department.
* Goldman Sachs Asset Management will be joining the fray in Europe's exchange traded fund market with the launch of its first ETF on the London Stock Exchange Sept. 26, the Financial Times reports.
* Goldman has been looking for other financial institutions to take on some of its stake in the $3.1 billion loan facility it helped arrange for SoftBank Group's Vision Fund to lessen its risk, people with knowledge of the matter told Bloomberg News.
* Seen as giving big banks a run for their money, KKR & Co. is quietly making its way into the league's turf with KKR Capital Markets, The Wall Street Journal reports. The private equity firm's capital markets business is playing a key role, side by side Goldman Sachs, in the IPO of Endeavor Group Holdings.
* Fintechs are giving traditional financial institutions a serious competition in the personal lending market as the sector more than doubled its market share in four years to 49.4% from 22.4% in 2015, Experian's first Fintech Marketplace Trends Report reveals.
* Though best known for refinancing student loans, Social Finance will start trading three cryptocurrencies next week: Bitcoin, Ethereum and Litecoin, something that its members have been wanting it to do, CEO Anthony Noto said.
* The U.S. House Committee on Financial Services has set at 10 a.m. today a full-committee hearing titled "Examining Legislation to Protect Consumers and Small Business Owners from Abusive Debt Collection Practices." Another hearing titled "The Future of Real-Time Payments" is scheduled at 2 p.m. today under the committee's task force on financial technology.
* North Carolina Insurance Commissioner Mike Causey urged Patrick Conway, CEO of Blue Cross and Blue Shield of North Carolina, to resign after his company allegedly covered up his arrest in June for drunk driving and child neglect.
* The California Department of Insurance expressed concern about newly released data showing that auto insurance group discounts do not apply equally across the state, discriminating against drivers living in areas with lower per capita income, lower levels of educational attainment and larger communities of color.
* Insurtech firm Metromile is aiming for an IPO within the next couple of years, The Insurance Insider reports, citing CEO Dan Preston.
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