2020-10-22
When both origination and forbearance demand spiked in the early weeks of COVID-19, quick thinking lenders were able to leverage their expertise and tech stacks to respond quickly.
Read More from: BankThink
2020-10-22
Many of the Buffalo, N.Y., bank’s commercial loans have exited forbearance granted in the early days of the pandemic — except hospitality and retail, which were given longer dispensation.
Read More from: BankThink
2020-10-22
The rulemaking is expected to draw enormous interest from both banks and third-party fintech providers.
Read More from: BankThink
2020-10-22
Institutions that cling to outdated lending tools run the risk of being left behind by commercial clients who are barraged with opportunities to borrow faster and more conveniently.
Read More from: BankThink
2020-10-22
With the sector facing serious headwinds — from declining enrollment during the pandemic to the prospect of a Biden administration making college free for many families — the departure of a major player could be a shot in the arm for the likes of
Read More from: BankThink
2020-10-22
The agency’s consolidation of supervision and enforcement policy into one office could compromise the independence of those deciding when to investigate alleged wrongdoing by banks and others, critics of the move say.
Read More from: BankThink
2020-10-22
The Cincinnati company, one of just a handful of lenders to reduce its cushion against bad credits in the third quarter, was grilled by analysts who suggested it was being too optimistic about the long-term effects of the pandemic recession.
Read More from: BankThink
2020-10-22
From finding new efficiencies to redefining the customer experience; fintechs are permanently changing financial services. But what does the actual acquisition process look like?
Read More from: BankThink
2020-10-22
The coronavirus pandemic has turned every industry on its head. For lending, it exposed the need for modernized, fully digital platforms.
Read More from: BankThink
2020-10-22
The media company Urban One has launched a new account that includes a prepaid debit card and encourages customers to buy from Black-owned business and lets them donate their cash back to charity.
Read More from: BankThink
2020-10-22
Discover Financial Services shares surged after the company said spending on its cards improved in September, the first increase during the pandemic.
Read More from: BankThink
2020-10-22
The New York State “Bitlicense” will allow customers to use bitcoin to make online retail purchases; Cleveland Fed chief says persistent low rates may encourage risky behavior.
Read More from: BankThink
2020-10-22
Bankruptcy petition preparers remind me. of the Monty Python “Spam, spam, spam, . . .” song, only, SCAM! SCAM! SCAM! Another one bites the dust. We have had lots of these in Detroit, this one worked in Illinois and Missouri. EAST ST.
Read More from: Stop Creditor
2020-10-22
While some institutions have held off on staffing up for new projects, many mission-critical positions at the executive level are still being filled. It may take until well into 2021 before normal patterns return.
Read More from: BankThink
2020-10-21
A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term.
Read More from: BankThink
2020-10-21
USAA Federal Savings Bank’s downgrade shows how customer mistreatment stemming from flaws in internal controls can hurt Community Reinvestment Act scores. Some want consumer compliance to carry more weight in the CRA calculus.
Read More from: BankThink