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Clayton is the latest to raise concerns about bank loans to highly indebted companies; Wells Fargo’s performance took a hit with its reputation.

Read More from: BankThink

1 week 3 days ago

Jill Castilla, CEO of Citizens Bank of Edmond, has taken steps to help her bank stand out from the crowd.

Read More from: BankThink

1 week 3 days ago

The bank agreed to modify loans to struggling U.S. borrowers as part of a 2017 settlement. Instead, it’s receiving credit for financing new mortgages that likely would have been made anyway.

Read More from: BankThink

1 week 3 days ago

B. Riley FBR initiated equity coverage of the mortgage giant, citing housing finance reform proposals that could result in Fannie and Freddie Mac being released from conservatorship.

Read More from: BankThink

1 week 3 days ago

The San Francisco fintech, which uses artificial intelligence to make consumer credit decisions, has raised an additional $50 million. It also announced new partnerships with lenders and plans for a credit card.

Read More from: BankThink

1 week 3 days ago

Hospitals are usually one of the last places a person wants to visit.  It’s usually a relief when a patient leaves and returns home. That is until the medical bill arrives in the mail a few weeks later.  Medical bills rarely end up being an amount the patient expects, as it is virtually impossible to know what the final amount will be until the bill arrives.  This is not surprising considering how confusing in/out of network insurance coverage is by itself, let alone the varying prices in miscellaneous charges.  Annual healthcare costs today average around $10,739 per person, but that number doesn’t seem to be going down anytime soon.

Read More from: Bonds & Botes, P.C.

1 week 3 days ago

The moves are part of an ongoing effort by the Seattle bank to largely exit mortgage lending.

Read More from: BankThink

1 week 4 days ago

The congressional hearing will be ripe with opportunities for lawmakers to raise flags on issues of diversity, deregulation and social policy.

Read More from: BankThink

1 week 4 days ago

The Federal Reserve Board unveiled a host of proposed changes to tailor U.S. supervision of foreign firms, as well as a proposal easing “living will” requirements for both domestic and overseas banks.

Read More from: BankThink

1 week 4 days ago

The companies had planned to make Chemical CEO David Provost the new leader before October's market gyrations led them to break off talks. When they revisited the deal, several things changed — including Provost's role.

Read More from: BankThink

1 week 4 days ago

Many U.S. banks, especially in Florida, are struggling to comply with U.S. sanctions against the Maduro regime. Some argue artificial intelligence can make it easier to distinguish between legitimate payments and illicit transactions.

Read More from: BankThink

1 week 4 days ago

On Dec. 31, 2018. Dollars in thousands.

Read More from: BankThink

1 week 4 days ago

On Dec. 31, 2018. Dollars in thousands.

Read More from: BankThink

1 week 4 days ago

The Tennessee company has set up a $3.5 million reserve associated with the unnamed borrower.

Read More from: BankThink

1 week 4 days ago

AARP has a nice piece (featuring yours truly) about the consumer fraud risks with peer-to-peer (p2p) payment systems like Zelle and Venmo.  

Both Zelle and Venmo expressly state in their terms of use that they are not for commercial use, yet there is certainly a healthy segment of their use that is commercial.  Some of it is sort of "relational" commercial--paying a music teacher or a barber--someone whom the payor knows, so there's a social mechanism for dealing with disputes and which protects against fraud.  But there is also some use for making commercial payments outside of a relational context--paying for goods purchased on the Internet--and that is very vulnerable to fraud.  

I wish p2p payments systems would do a bit more to highlight to consumers their prohibition on commercial use, including flagging the fraud risk, but I suspect that they have no interest in doing so--while the systems disclaim commercial use, they nonetheless benefit from it, and have little reason to discourage it.  

Read More from: Credit Slips

1 week 4 days ago

A senior official recently criticized how some groups responded to the OCC’s initial steps to reform the Community Reinvestment Act. It’s a worrying sign that the agency will ignore concerns raised by advocates.

Read More from: BankThink

1 week 4 days ago

CEOs at Bank of Montreal and TD Bank Group say they are unlikely to touch the American cannabis industry until the laws change.

Read More from: BankThink

1 week 4 days ago

Five ways AI can drive growth

Read More from: BankThink

1 week 4 days ago

The bank’s biggest shareholder says Wall Street shouldn't yield its next CEO; concern that mistakes that led to the financial crisis are being repeated.

Read More from: BankThink

1 week 4 days ago

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