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The Thursday Express: North American financials


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The Thursday Express: North American financials

* Bank of America said that 94% of shareholdersvoted against ashareholder proposal to amend a general clawback feature on the company'sexecutive compensation program.

* Goldman Sachs, which launched its deposit websitefollowing its acquisition of GE Capital's platform, is consideringoffering other banking services for the platform, such as adding checkingaccounts and electronic-bill payments, sources told The Wall Street Journal.

* A federal jury convicted former Chairman Barry Bekkedam and former CEOBrian Hartline of failed Nova Bank for TARP fraud. The two are set to besentenced July 21.

* Michael Karfunkel, founder, chairman and CEO ofNational General Holdings, has died. The company's board appointed President BarryKarfunkel to serve as CEO.

* Terri Dalenta joined Grange Insurance as executive vicepresident and CFO.

* Eau Claire, Wis.-based Royal Credit Union isbuying St. Paul,Minn.-based Capital Bank from First Sleepy Eye Bancorp.

* Specialty lender Affirm is acquiringthe personal finance management app company Sweep as it expands beyondpoint-of-sale financing.

* First Cash Financial Services and Cash AmericaInternational inked a definitive merger agreement under which the two companieswill combinein a tax free, all-stock transaction. The pro-forma market value of equity ofthe transaction is valued at approximately $2.4 billion.

* Online lending start-up BlueVine has received a strategicinvestment from Citi Ventures.

* The CFPB plans to announce a this fall that would enable theagency to oversee the largest online lenders as soon as late 2017, sources toldthe Journal.

TheDaily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external linksmay require a subscription.