2020-06-29
In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors.
Read More from: BankThink
2020-06-29
The agency wants more timely information on the banks it supervises; investors filed a criminal complaint against Ernst & Young, calling their work “a disaster” for failing to expose the scandal.
Read More from: BankThink
2020-06-28
Two years after a consumer protection law changed how banks and other companies handle customer information, a new proposal aims for more sweeping reforms.
Read More from: BankThink
2020-06-28
In an effort to ease loss mitigation efforts for servicers and assist struggling consumers, The Consumer Financial Protection Bureau (“CFPB”) issued two No-Action Letter (“NAL”) Templates on May 22, 2020.[1] NALs are issued by the CFPB in response
Read More from: Krieg DeVault
2020-06-26
While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending.
Read More from: BankThink
2020-06-26
Some observers said the central bank should have suspended dividends entirely in response to an unprecedented economic emergency caused by the pandemic.
Read More from: BankThink
2020-06-26
Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention.
Read More from: BankThink
2020-06-26
Citizens Bank and Citigroup are among the financial institutions plugging away at a service that has gained little traction among customers.
Read More from: BankThink
2020-06-26
JPMorgan Chase is cracking down on racism by its customers. The bank is revamping a policy for dealing with abusive clients to include racism toward call-center employees as behavior that could warrant cutting ties with the customers.
Read More from: BankThink
2020-06-26
The Loan Source, the nonbank lender buying the Paycheck Protection Program loans, has similar deals in place with other lenders.
Read More from: BankThink
2020-06-26
Ezequiel Szafir, CEO of Banco Santander's digital-only Openbank, sees banks of the future looking increasingly like Amazon.com — with online storefronts for financial products.
Read More from: BankThink
2020-06-26
Now perhaps more than ever, banks and their proxies need to show tact when communicating with past-due borrowers.
Read More from: BankThink
2020-06-26
HSBC is planning to shift services away from its branches in a push to make more of its customers migrate to its digital and mobile channels as it embarks on a massive cost and jobs cutting program.
Read More from: BankThink
2020-06-26
The Fed stopped short of banning payouts entirely following bank stress tests; banks get greater freedom to invest in venture capital funds and reduced collateral on swap trades.
Read More from: BankThink
2020-06-25
There's a new bankruptcy blog around: the Best Interest Blog. Welcome to the blogosphere!
Read More from: Credit Slips
2020-06-25
States that were quick to reopen are seeing spikes in infections and hospitalizations, raising the specter of another lockdown. Here’s what that could mean for banks.
Read More from: BankThink