2018-10-26
Wells Fargo puts two top execs on leave as scandal's reach grows; regional banks freed from SIFI label lobbying regulators hard for more relief; FDIC to launch innovation office to help banks compete with fintechs; and more from this week's most-r
Read More from: BankThink
2018-10-26
Personal loans are "tricky to underwrite" because consumer credit scores are high at the time of origination and then drift downward, says Roger Hochschild, who recently took over as the head of Discover Financial Services.
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2018-10-26
Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and increases the risk of fraud.
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2018-10-26
The agency wants to change underwriting requirements in the regulation that lenders say will put them out of business, and give companies a break on the compliance deadline.
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2018-10-26
Amalgamated Bank of New York said it will begin tracking the carbon emissions it is financing through its $3.4 billion loan portfolio, using as a guide the science that would limit global warming to 2 degrees Celsius, which is the goal of the Pari
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2018-10-26
Bank of America said Terry Laughlin, vice chairman and head of global wealth and investment management, has died. He was 63.
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2018-10-26
The bank saw value in Ondot System’s ability to empower customer analytics in card controls.
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2018-10-26
ATBancorp had an unusual footprint that included a small bank and a number of fee-based businesses. But it had to slim down before it could find a buyer.
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2018-10-26
In 2014, Congress passed what is known as the Achieving
Read More from: Bonds & Botes, P.C.
2018-10-26
The central bank should consider rescinding the bank’s “financial holding company” status, which allows it to participate in nonbank activities, given its inability to respond to internal management problems.
Read More from: BankThink
2018-10-26
Under the Obama administration, the OCC quietly prevented JPMorgan Chase from opening branches in new states as punishment for violating banking rules, according to sources.
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2018-10-26
The money manager plans a big expansion in Atlanta; agency makes now rare determination that debt-collection practices were “abusive.”
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2018-10-25
Readers consider to new evidence regarding Operation Choke Point, debate the impact of Democrats taking control of the House in November, respond to concerns about weakening the Volcker Rule and more.
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2018-10-25
The result could play a big role in whether banks see more regulatory relief next year or policymakers can coalesce around a housing finance reform plan.
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2018-10-25
Double-digit gains in card volume offset an uptick in problem loans.
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2018-10-25
The assessment is designed to get banks on the same page in combating cybersecurity and make it easier for institutions and regulators to assess their performance.
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2018-10-25
Big banks have plans to open hundreds of branches in new markets to add deposits, but smaller regionals have largely sought to hold the line on costs.
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2018-10-25
Policymakers have called for streamlined disclosures for customers granting third parties access to their financial account data. They don’t have to look far for a potential solution.
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