BankThink

Retail industry upheaval poses challenges for Alliance Data

03/04/20

The Ohio credit card issuer is seeking to rebound following a tumultuous year in which top executives departed and key retail partners declared bankruptcy.

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Big banks face renewed pressure on gender pay gap

03/04/20

An investment firm that has been pressuring large companies to enhance disclosures said that its efforts at JPMorgan Chase, Wells Fargo, Bank of America and Bank of New York Mellon are gaining ground.

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Kabbage launches cash-flow dashboard for small businesses

03/04/20

The online lender's latest product shows business owners their cash flow over the past 90 days and how it is likely to change. The idea is to help borrowers save time.

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Wells Fargo boosts minimum wage in most of its U.S. markets

03/04/20

The bank's announcement comes a week before CEO Charlie Scharf and two board members will testify on Capitol Hill.

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Fed finalizes new capital buffer ahead of 2020 stress tests

03/04/20

The rule establishes a measure of capital adequacy meant to simplify how banks are assessed in the Comprehensive Capital Analysis and Review program.

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Tennessee bankers start to assess tornado damage

03/04/20

Recovery from a massive storm that touched down near Nashville is in its early stages, but bankers are looking at fee waivers and increased access to cash for those who were affected.

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Fifth Third latest bank in CFPB crosshairs over phony accounts

03/04/20

The bank’s disclosure of an impending enforcement action shows that the CFPB continues to crack down on aggressive practices that got Wells Fargo in hot water.

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A blockchain breakthrough at Credit Suisse. Will other banks follow?

03/04/20

An innovative approach to settling trades pioneered by the bank and the tech firm Paxos Trust could start a wave of real-life use of distributed ledgers on Wall Street.

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Former CFPB official to return to bureau as acting deputy chief

03/04/20

Leonard Chanin, a senior official at the Federal Deposit Insurance Corp., has been tapped to serve on a part-time basis as the No. 2 official at the Consumer Financial Protection Bureau, according to a news report.

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Don’t ditch disparate impact

03/04/20

Attempts to rewrite the method for determining unintended discrimination in housing should not bleed into fair-lending laws.

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