BankThink

Bankers see payments firms as fintech enemy No. 1

03/02/20

Banks, especially smaller ones, are more worried about the competitive inroads that Apple Pay, Venmo and others have made than they are about tech companies' incursions into other financial segments, according to a new survey by Promontory Financial.

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Will CFPB be reined in? Chief Justice Roberts may hold the key.

03/02/20

John Roberts could play a familiar role as the swing vote in determining whether the Supreme Court curbs the consumer bureau’s power.

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Citigroup, Morgan Stanley expand travel curbs in virus response

03/02/20

Citigroup and Morgan Stanley told employees not to travel internationally for nonessential business, expanding earlier restrictions in Wall Street's latest responses to the spread of the coronavirus.

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Bitcoin doesn’t launder money, Mr. Mnuchin. Money launderers do.

03/02/20

The Treasury secretary’s recent Senate testimony coming down on cryptocurrencies is misguided. Regulations should require building better blockchain technology at the banks.

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Warren vows to hold Wall Street accountable for climate crisis

03/02/20

Democratic presidential candidate Elizabeth Warren said she would hold Wall Street banks, asset managers and insurance companies accountable for their contributions to climate change.

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Mastercard discloses pay gap: Women make 92.2% of men's salary

03/02/20

Mastercard disclosed its gender pay gap for the first time on Monday, saying that its female employees worldwide make 7.8% less than the men. The company said it is working toward parity.

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Nicolet quickly announces another Wisconsin acquisition

03/02/20

The company agreed to buy Advantage Community Bancshares weeks after announcing a deal for Commerce Financial.

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CFPB case hearing ahead; Amex accused of aggressive sign-up tactics

03/02/20

The Supreme Court will hear arguments on the agency’s structure; the company, desperate after losing Costco’s business, allegedly pressured and misled applicants.

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Should regulators close the door to new FHLB entrants, or open it wide?

03/01/20

An effort by the Federal Housing Finance Agency to examine membership rules for the Federal Home Loan Bank System is reigniting an argument over whether to allow more nonbanks in or impose tougher barriers.

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Turning up the volume on Alexa

03/01/20

Consumer response to banking by smart speaker has been underwhelming. But a handful of financial institutions keep plugging away in hopes customers warm to the advantages of verbal commands instead of pushing buttons.

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