BankThink

Biden's CFPB nominee puts loan servicers, credit bureaus on notice

03/02/21

Rohit Chopra, President Biden's pick to lead the Consumer Financial Protection Bureau, told a Senate panel he would do more to protect veterans from foreclosure, empower consumers to dispute data on their credit records and crack down on student-loan servicers who aren't helping troubled borrowers.

[more]

New administration poses new challenges for credit union advocacy

03/02/21

The industry will have to contend with thin margins on either side of the aisle in Congress and new priorities from regulators, experts said in a panel discussion held as part of CUNA's online Governmental Affairs Conference.

[more]

Third Federal's CRA rating stuck at 'needs to improve'

03/02/21

For the second time in three years, the Cleveland thrift has received a low score on its Community Reinvestment Act examination for making too few home loans in low-income communities.

[more]

Bankers can ease transition to cashless society

03/02/21

Cold, hard cash is inevitably going away. Banks have a responsibility to help consumers who don’t have smartphones or even email addresses be prepared, says Shawn Rose, chief digital officer of Scotiabank.

[more]

JPMorgan seeks to reduce office space in two Manhattan towers

03/02/21

JPMorgan Chase is marketing big blocks of office space in Manhattan as companies reevaluate their need for real estate amid the COVID-19 pandemic, according to people with knowledge of the matter.

[more]

Can banks convince customers their data is safe?

03/02/21

Less than half of consumers believe financial services providers adequately protect their personal information, according to an Arizent survey. Banks such as Wells Fargo and Bank of Idaho are offering mobile tools and cybersecurity education that could help rebuild trust.

[more]

How Square's bank can use bitcoin profits to promote financial inclusion

03/02/21

The overwhelming success of Square’s bitcoin trading service creates new opportunities for its bank to work with underserved markets.

[more]

Databits: Fear, malaise, and eroding trust

03/02/21

How consumer attitudes toward privacy threaten to overturn long-standing industry assumptions about customer data and personalization.

[more]

Capital One board expands to add Facebook, Nike executives

03/02/21

The new directors are Ime Archibong, whose team builds and tests mobile apps at Facebook, and Craig Williams, president of the Nike product line named after former NBA superstar Michael Jordan.

[more]

Big banks don’t need further relief from capital rule: Warren, Brown

03/02/21

Sens. Elizabeth Warren and Sherrod Brown urged regulators not to give in to industry requests to extend a temporary policy easing compliance with the supplementary leverage ratio.

[more]