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Former CFPB Director Richard Cordray and consumer advocates have designed a proposed state consumer agency that would subject more financial firms and fintechs to state oversight.

Read More from: BankThink

1 week 3 days ago

The effort is part of a push by interim Chief Executive Officer Noel Quinn to cut costs at Europe’s largest lender by assets.

Read More from: BankThink

1 week 3 days ago

Potential sources of industry upheaval, and how to adapt; former Wells Fargo execs may face criminal charges in coming weeks; why banks have such high turnover of chief compliance officers; and more from this week's most-read stories.

Read More from: BankThink

1 week 3 days ago

Silicon Valley giants are better innovators, software developers and data managers, but banks' inherent advantages shouldn't be discounted, says Sonny Singh, a senior vice president at Oracle.

Read More from: BankThink

1 week 3 days ago

Organizers of Founders Bank in Washington are still need to raise at least $25 million before opening.

Read More from: BankThink

1 week 3 days ago

The caller to my law office kept telling my assistant: I just want to ask  Cathy a question.

To which my assistant replied:  you need to first fill out our questionnaire and make an appointment.

But I don’t want a meeting, I just want to ask a question.

At which point, both sides of the call are frustrated.

The caller thinks he has a reasonable request.  The law office isn’t getting through to the caller that a quick answer isn’t possible.

And that’s because:  there are no quick answers to bankruptcy questions.

Or rather, there are no reliable quick answers about bankruptcy.

Read More from: The Soap Box

1 week 3 days ago

Estimates for 2020 are for a combined profit drop of $10 billion as global interest rates remain stubbornly low and geopolitical tensions stay high.

Read More from: BankThink

1 week 3 days ago

A seasoned investor in startups offers his top predictions for the coming decade. Among them: Big tech firms will become big players in financial services.

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1 week 3 days ago

Travelex unable to deliver cash to major banks following a New Year’s Eve cyberattack; Rep. Katie Porter says the bank is undermining purpose of its punishment.

Read More from: BankThink

1 week 3 days ago

More than two years after efforts began to modernize enforcement of the Community Reinvestment Act, regulators appear far apart on how to proceed.

Read More from: BankThink

1 week 4 days ago

Though many merchants remain wary of alienating their customers with fees, others now see an opportunity to recoup the growing costs associated with accepting plastic.

Read More from: BankThink

1 week 4 days ago

California Gov. Gavin Newsom plans to ask the legislature to revamp the current Department of Business Oversight and rename it the Department of Financial Protection and Innovation, modeled after the federal CFPB.

Read More from: BankThink

1 week 4 days ago

Todd Zywicki, a law professor who has sharply criticized the CFPB as an unaccountable bureaucracy, has been named chair of an agency task force identifying potential conflicts and inconsistencies in consumer finance law.

Read More from: BankThink

1 week 4 days ago

Even in the face of soft loan demand, banks in the region have held firm on terms. That should position them well for the next economic downturn.

Read More from: BankThink

1 week 4 days ago

An examination of potential sources of upheaval for the financial industry and ideas on how to adapt.

Read More from: BankThink

1 week 4 days ago

Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations.

Read More from: BankThink

1 week 4 days ago

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