BankThink

OCC did its part to secure customer data. Now it’s CFPB’s turn.

03/16/20

The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.

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Fed again takes action; bank stock buybacks on hold

03/16/20

The Fed cuts rates near zero and will buy $700 billion in Treasuries and mortgage bonds; big banks put off stock buybacks until July at the earliest.

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Calls mount for U.S. to halt foreclosures, evictions amid health crisis

03/15/20

A national moratorium would be costly to lenders and servicers, but proponents say it's needed to help cushion the economic blow of the pandemic.

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Eight giant U.S. banks to suspend stock buybacks through June

03/15/20

The banks — including JPMorgan Chase, Bank of America, Wells Fargo and Citigroup — agreed to stop buying back their own shares through the second quarter, saying they will focus on supporting clients and the nation during the coronavirus pandemic.

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Fed slashes rate, announces new measures to encourage bank lending

03/15/20

The actions include cutting the federal funds rate to between 0% and 0.25% and other steps to ease economic stress from the spread of the coronavirus.

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Regulators urge banks to give relief customers affected by pandemic

03/13/20

The OCC and FDIC said banks should consider waiving fees, be flexible with loan repayments and that they would not be penalized if they close branches for precautionary reasons.

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Banks eager for Fed stress test to prove they can weather virus

03/13/20

The biggest U.S. banks are once again preparing to show how they'll be able to withstand a severe economic shock in a hypothetical doomsday scenario, and they're eager to get on with it as a real one unfolds.

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Demand for small-dollar loans is likely to spike. Will banks be ready?

03/13/20

Banks typically don't offer loans to cash-strapped consumers, and are poorly positioned to start doing so on an emergency basis — unless the government steps in to help.

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Wells Fargo hires TD's Ellen Patterson as general counsel

03/13/20

TD Bank Group's top lawyer will succeed Allen Parker at scandal-plagued Wells Fargo later this month.

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North Carolina de novo to open after raising $50 million

03/13/20

Triad Business Bank, which will immediately have offices in three cities, will debut next week.

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