BankThink

Another new bank proposed for Atlanta

12/13/19

Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years.

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OCC, FDIC propose CRA overhaul; PayPal sues CFPB over prepaid rule

12/13/19

The plan would increase lending and transparency, the regulators say; the company says the rule unfairly lumps together digital wallets and prepaid cards.

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A Community Reinvestment Act that works for everyone

12/12/19

Comptroller of the Currency Joseph Otting explains why his agency and the Federal Deposit Insurance Corp. have moved forward with a proposal to change the 42-year-old CRA.

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7 things that will affect next stage of banking's evolution

12/12/19

More digital competition, tougher tech choices and a completely new generation of customers are just some of the challenges facing bankers in the near future.

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NCUA approves budget, delays capital plan. No one's happy.

12/12/19

The National Credit Union Administration board signed off on a controversial budget, and it delayed its risk-based capital rule to buy itself time amid complaints by bankers.

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Lawmakers give wildly divergent reviews of CRA plan

12/12/19

Regulators’ sweeping proposal to reform implementation of the Community Reinvestment Act has drawn strong opinions on both sides.

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U.S. Bank, JPMorgan freed from BSA enforcement actions

12/12/19

The regulatory action from the Federal Reserve was one of two U.S. Bank received for its dealings with a payday lender who was later convicted of fraud.

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Why PayPal is suing the CFPB over its prepaid card rules

12/12/19

PayPal — which is rarely thought of as a prepaid card company — has filed a lawsuit against the CFPB over its rules on prepaid accounts, underscoring the rapid changes in digital financial services and PayPal’s own expanding financial services ambitions in recent years.

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Business debt exceeds households' for first time since 1991

12/12/19

Corporate debt swelled to $15.987 trillion in the third quarter after borrowing increased by nearly 6%, according to the Federal Reserve.

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FDIC brokered deposits plan aims to give banks flexibility

12/12/19

The proposal comes after years of criticism that the current policy stifles innovation and hamstrings banks' ability to raise funds.

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