BankThink

How fintechs are helping Americans rein in holiday spending

12/18/18

Digit, Chime and Pluto are among those said to be stepping into a void left by the banking industry. But designing helpful enough, yet flexible enough, financial safeguards for consumers is easier said than done.

[more]

The top cyber threats of 2019

12/18/18

Rich Baich, Wells Fargo's security chief and newly appointed security advisor to the White House, shares attack types he’s worried about and top defenses.

[more]

Banks shouldn’t be middleman in revealing true account owners

12/18/18

The objectives of a Financial Crimes Enforcement Network rule requiring financial institutions to collect “beneficial ownership” details are laudable, but the regulation can be subverted by unscrupulous customers.

[more]

Ex-Wilmington Trust president gets six years for hiding bad loans

12/18/18

Richard Harra was also fined $300,000 for painting a false picture of the bank’s financial health at the height of the financial crisis.

[more]

Colony enters western Ga. markets with LBC acquisition

12/18/18

Colony will also gain a loan production office in Atlanta when the transaction closes.

[more]

1MDB may scar Goldman image; Airlines soar with card fees

12/18/18

The bank’s efforts to show its ethical side may be “undone” by Malaysian scandal; airlines co-branded cards helping profits … for now.

[more]

In reg relief era, appraisers become endangered species

12/17/18

A proposal allowing more lenders to skip outside appraisals could remove a hurdle to quick closings, but appraisers say they could be collateral damage.

[more]

Discover elevates lead director to chairman

12/17/18

Lawrence Weinbach will replace David Nelms, who had already stepped as CEO. The transition will take place Jan. 1.

[more]

Amazon, Google at odds with big banks over Fed's role in faster payments

12/17/18

The tech giants, along with Apple, PayPal and others, are calling on the Federal Reserve to build a backbone for real-time payments, rejecting large banks’ claims that the task is best left to the private sector.

[more]

FHA commissioner to serve as HUD's acting No. 2

12/17/18

The current deputy secretary of the Department of Housing and Urban Development, Pam Patenaude, will step down in January.

[more]