BankThink

Wells Fargo's former interim CEO Parker to leave in March

11/14/19

Allen Parker, who led Wells Fargo during its six-month search for a new chief executive, will leave the bank next year.

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Elizabeth Warren slams Goldman over Apple Card bias furor

11/14/19

It’s the company’s responsibility to come forward with the information about how an algorithm that could be discriminating against women borrowers was designed and the exact impact of it, she said.

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Open banking will bring banks and fintechs together

11/14/19

Consumer demand for digital financial services will inspire a wave of new partnerships.

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Google-Citi deal will face scrutiny; auto lending rises to near record level

11/14/19

The tech giant’s plan to offer checking raises concerns about how it will use customer data; third quarter loan originations were the second most on record.

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Banks shift focus in small business as loan growth slows

11/13/19

Banks are putting more effort in deposit gathering and fee-based products to offset thinning margins and increased payoffs by small-business clients.

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Tired of paying ‘ransom’ to core vendors, two small banks fund new one

11/13/19

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks.

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Google-Citi partnership stirs privacy concerns

11/13/19

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

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The Bancorp warns of looming BSA-related civil money penalty

11/13/19

The FDIC is pursuing the penalty five years after hitting the Delaware company with a consent order tied to BSA and AML compliance.

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Visa, Mastercard draw FTC inquiry over debit card transactions

11/13/19

Visa and Mastercard are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks.

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N.J. governor establishes public bank task force

11/13/19

Gov. Phil Murphy signed an executive order Wednesday establishing a board that would come up with a plan to create a public bank in New Jersey.

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