A federal appeals court ruled on Tuesday that the structure of the U.S. agency charged with guarding consumers' finances is unconstitutional, fueling an election-year political fight over one of the signature government responses to the 2007-09 financial crisis. The U.S. Court of Appeals for the District of Columbia Circuit threw out a $109 million penalty against PHH Corp in 2014, saying the structure of the Consumer Financial Protection Bureau gives its sole director too much power. (New York Times)

Manufacturing is having a moment. From custom 3-D printed cars to bandages that can provide health readings to photonics technology that is making Hollywood sci-fi fantasies real, manufacturers are deploying cutting-edge technology to improve their processes, offer better products and boost the productivity of the American economy. (ABA Banking Journal)

People who need to send cash to friends or relatives to, say, split the monthly bills or pay one another back after a night out, finally have better options. Even with the rise of person-to-person money transferring apps such as Venmo, most people still have to wait at least a day before money can be transferred from their Venmo accounts to their actual bank accounts. Because of that and other lags, many people still use actual cash when handling these smaller transactions. (Washington Post)

Results from the September 2016 Survey of Consumer Expectations painted a mixed picture of future expected economic conditions. Inflation expectations declined at both the short-term and the medium-term horizons. (Federal Reserve Bank of New York)

Minutes of the Federal Open Market Committee’s September meeting, published this week, showed that "a few participants expressed concern that the protracted period of very low interest rates might be encouraging excessive borrowing and increased leverage in the nonfinancial corporate sector." (Bloomberg)

TechCrunch is launching a new series this week called "Trust Disrupted: Bitcoin and the Blockchain." The six-episode series, produced by Stateless Media, examines the rise of Bitcoin and the tech that allows it to operate. Episode one seeks to explain the blockchain, as well as the motives behind its creators. The episode also examines the platform’s future and how it will be received by governments and big banks. (TechCrunch)

The Consumer Financial Protection Bureau should preserve and expand the role banks play in providing small-dollar credit to customers — not restrict banks from making these loans, ABA said in a comment letter last week in response to the bureau’s proposal to curtail short-term, small-dollar consumer loans. (ABA Banking Journal)

Eighty-three percent of bankers say that implementing FASB’s Current Expected Credit Loss standard will require substantial changes to policies, procedures or technology systems, according to a survey conducted by the American Institute of CPAs. Of those, 20 percent believe CECL will be the biggest accounting change their bank has ever undergone. (ABA Banking Journal)

A group of Democratic lawmakers from both the House and Senate wrote to the federal regulatory agencies asking them to take steps to modernize the Community Reinvestment Act to address changes in the banking industry. (ABA Banking Journal)

The minutes of the September meeting of the Federal Reserve’s Open Market Committee released Wednesday explained why three Fed board members had dissented from the majority’s "close call" decision to keep rates unchanged. The highly anticipated transcript provides insights into internal and external developments, illustrating the "unusual uncertainty" that policy makers must contend with. (Bloomberg View)