BankThink

A small-business ‘dream job’ at BofA

09/22/20

Bank of America's Managing Director for Small Business Sharon Miller led the company's involvement in the Paycheck Protection Program, which produced more than 343.000 loans, most in the country.

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The Best Credit Unions to Work For under $200M in assets

09/21/20

These seven institutions have found innovative ways to engage employees and help staffers through the pandemic.

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Results-driven Fraser just the ticket for fixing Citi, associates say

09/21/20

Jane Fraser, who is poised to become the first woman to lead a major U.S. bank, possesses turnaround experience and strong interpersonal skills that make her well suited for mending fences with regulators and investors, according to present and former colleagues.

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Banks can hold stablecoin-related assets for customers, OCC says

09/21/20

The agency issued an interpretive letter on stablecoins two months after permitting institutions to provide wallet services for cryptocurrency holdings.

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Three more former Wells Fargo execs settle civil charges

09/21/20

Matthew Raphaelson, Kenneth Zimmerman and Tracy Kidd, all of whom were senior executives in the company’s consumer banking unit, have agreed to pay six-figure fines in connection with Wells Fargo’s unauthorized account scandal.

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Longtime CEO of HawaiiUSA Federal Credit Union to retire in 2021

09/21/20

Karl Yoneshige has been with the Honolulu-based institution since 1988, including two decades as CEO.

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Week ahead: More uncertainty after Ruth Bader Ginsburg's death

09/21/20

Credit union issues could struggle to gain traction as lawmakers battle over a replacement justice.

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States are well equipped to regulate fintechs

09/21/20

The OCC is trying to seize jurisdiction by arguing that current supervision is haphazard. But states are already working together to streamline regulation while continuing to enforce consumer protections and encourage innovation.

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Live Oak outpaces larger rivals in moving core system to public cloud

09/21/20

The North Carolina bank deployed Finxact's new technology, which runs on Amazon Web Services, to make Paycheck Protection Program loans and will use it next to offer business savings accounts and CDs.

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Fed plan to reform CRA at odds with OCC rule

09/21/20

The central bank's proposal to overhaul the Community Reinvestment Act differs markedly from the OCC's regulation in testing, data collection and other areas.

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