2020-08-26
With the USPS emerging as an election-year flashpoint, postal banking is an idea that could gain steam. But a number of proposals are out there, and they have wildly varying implications for financial inclusion.
Read More from: BankThink
2020-08-26
The e-commerce leader’s return to the drawing board alleviates immediate concerns about its banking plans.
Read More from: BankThink
2020-08-26
The Minneapolis company’s partnership with the Black Business Investment Fund and other community development financial institutions is an example of how banks can fulfill multimillion-dollar pledges aimed at closing the racial wealth gap.
Read More from: BankThink
2020-08-26
The agencies completed steps to ease a community bank capital measure temporarily and to delay a new credit-loss accounting standard.
Read More from: BankThink
2020-08-26
John Collins comes to the credit union industry after spending 20 years in a variety of roles at the national bank, including helping integrate two acquisitions.
Read More from: BankThink
2020-08-26
Florida and West Virginia recently joined four other states in setting up regulatory sandboxes that allow startups to test products with consumers without obtaining a license.
Read More from: BankThink
2020-08-26
New data from the state regulator showed that assets at credit unions in the Badger State grew by 28% during the first half of this year, versus growth of 14% in the first six months of 2019.
Read More from: BankThink
2020-08-26
The OCC’s efforts to bring the technology into the financial mainstream could help people in underserved communities more securely execute payments.
Read More from: BankThink
2020-08-26
The Los Angeles company will remain a community development financial institution when it acquires the parent of City First Bank in Washington.
Read More from: BankThink
2020-08-26
Fannie and Freddie’s regulator said it will delay imposing the 0.5% fee until December 1; JPMorgan Chase is also making a strategic investment in buyer in the fintech, ConsenSys.
Read More from: BankThink
2020-08-26
"It's on-demand capital for us," Optus Bank's CEO says of the payment company's deposit. The funds are part of PayPal's broader effort to confront race and income inequality.
Read More from: BankThink
2020-08-25
Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.
Read More from: BankThink
2020-08-25
The former chairman of the National Credit Union Administration served at the agency during a crucial time for regulatory reform and credit union growth, though his tenure also had its share of scandals.
Read More from: BankThink
2020-08-25
The mortgage giants were criticized earlier this month for a plan to charge an "adverse market fee" to protect against losses resulting from the pandemic.
Read More from: BankThink
2020-08-25
The bank will outsource future development of Quorum to the software firm.
Read More from: BankThink