2021-01-27
The companies pledged to share data with regulators, abide by certain restrictions on pricing and submit to regular examinations. But the voluntary pacts stop short of placing restrictions on existing revenue models.
Read More from: BankThink
2021-01-27
Stock Yards Bancorp in Louisville says it would pay $190 million in cash and stock for Kentucky Bancshares.
Read More from: BankThink
2021-01-27
Federal Reserve Chair Jerome Powell said the central bank will consider the pace of coronavirus vaccinations and other factors to determine if restrictions on dividends and share repurchases will continue.
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2021-01-27
The Indiana-based credit union increased its starting pay for the second time in two years as part of a push to boost compensation that began in 2017.
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2021-01-27
Ellison-Taylor, an expert in technology and finance and former chair of the American Institute of Certified Public Accountants, is the second Black woman and fourth person of color on the Minneapolis bank's board.
Read More from: BankThink
2021-01-27
Bitcoin is inherently risky and only central banks should issue digital currencies, according to the Bank for International Settlements.
Read More from: BankThink
2021-01-27
The president’s executive action looks to assess the impact of the previous administration's alterations to the Affirmatively Furthering Fair Housing and Disparate Impact rules, while reinforcing Biden’s vow to eliminate discriminatory lending pra
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2021-01-27
The company is exploring a range of options to diversify its balance sheet, but new CEO Thomas Cangemi says the best plan of attack is to merge with or acquire another institution.
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2021-01-27
The most likely picks for comptroller of the currency have pushed tech-driven approaches to financial inclusion and anti-money-laundering, and would bring new perspective to regulating cryptocurrencies.
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2021-01-27
In December 2020, Congress Approved $25 billion dollars for Emergency Rental Assistance under the CARES Act to help those in need of rental assistance and help with utilities. NBC affiliate WAFF 48, in Huntsville,
Read More from: Bonds & Botes, P.C.
2021-01-27
Bank of America scrapped a proposed bonus policy this week after it provoked the ire of high-earning traders and dealmakers, some of whom could have missed out on a big chunk of their compensation.
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2021-01-27
President Biden’s executive order requiring agencies to weigh the impact of pending policies on underserved groups could have a lasting effect on issues from reforming the Community Reinvestment Act to fair lending.
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2021-01-27
Unfiled tax returns upset all the normal rules about discharging taxes in bankruptcy. This story tells you why.
Read More from: The Soap Box
2021-01-27
The bank will start with a mobile checking account for U.K. customers this year, followed by a full slate of products that could include credit cards, mortgages and car loans.
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2021-01-27
The banks are publicly committing to interview more minorities for top positions; the agency says automated compliance checks are preventing lenders from approving loan applications.
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2021-01-27
Capital One Financial is the latest credit card issuer to release loss reserves because its loans have performed better than expected during the pandemic.
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2021-01-26
Todd Harper, a Democrat, says he will continue his efforts to increase the agency's consumer advocacy role, despite opposition from the industry and two Republican board members.
Read More from: BankThink
2021-01-26
A tax that banks successfully opposed throughout the Obama administration was endorsed by the president on the campaign trail and is supported by many prominent Democrats in Congress as a means of funding government spending.
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