BankThink

Water shortages are becoming a banking problem

08/21/19

Recent studies offer a dire outlook for water levels in drought-prone states. Some banks are bracing for this risk with changes to underwriting of real-estate-related loans.

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Backlash against rule tying immigration cases to credit history

08/21/19

The Trump administration’s “public charge” rule would add credit reports to factors that could be used to deny legal residency, but critics say credit scoring was never intended for that purpose.

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Former FDIC chair joins Fannie Mae's board

08/21/19

Sheila Bair, who holds board seats at several other organizations, will sit on Fannie's compensation, corporate governance and risk policy committees.

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Restaurant business is giving lenders indigestion

08/21/19

As a growing number of chains go bankrupt, loan charge-offs are rising.

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A virtual assistant for lenders' employees

08/21/19

Capacity, formerly Jane.ai, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line.

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Santander to cut 80 U.S. mortgage jobs as it exits TPO loan channel

08/21/19

Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch network.

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Warren wants answers from Wells Fargo on closed-account fees

08/21/19

After a news report said the bank kept alive accounts customers thought they had closed, Sen. Elizabeth Warren told acting CEO Allen Parker in a letter that Wells is "still fundamentally broken."

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Taxpayers are the GSEs' true stockholders

08/21/19

Complaints made by legacy shareholders of Freddie Mac have no value after the Treasury Department pumped up Freddie and Fannie Mae through conservatorship.

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Millennials propel Zelle at BofA

08/21/19

Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage.

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Banks hail Volcker Rule change; Subprime mortgages are back

08/21/19

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

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