BankThink

A virtual assistant for lenders' employees

08/21/19

Capacity, formerly Jane.ai, originally designed its chatbot to answer consumers' questions, but when employees started using it, that gave the startup an idea for a new business line.

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Santander to cut 80 U.S. mortgage jobs as it exits TPO loan channel

08/21/19

Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch network.

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Warren wants answers from Wells Fargo on closed-account fees

08/21/19

After a news report said the bank kept alive accounts customers thought they had closed, Sen. Elizabeth Warren told acting CEO Allen Parker in a letter that Wells is "still fundamentally broken."

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Taxpayers are the GSEs' true stockholders

08/21/19

Complaints made by legacy shareholders of Freddie Mac have no value after the Treasury Department pumped up Freddie and Fannie Mae through conservatorship.

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Millennials propel Zelle at BofA

08/21/19

Bank of America’s P2P transaction volume via Zelle is surging, with millennials driving the bulk of its usage.

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Banks hail Volcker Rule change; Subprime mortgages are back

08/21/19

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans.

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Skip Hove, former FDIC acting chairman and Nebraska banker, dies at 84

08/20/19

Hove, who spent 11 years on the Federal Deposit Insurance Corp. board, was the agency's acting chairman three different times during the 1990s. He held several jobs in banking, including chairman and CEO of Minden Exchange Bank & Trust, which had been led by his father.

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A mutual preservation pact in Ohio-Kentucky deal

08/20/19

First Mutual Holding is buying the tiny Blue Grass Federal and keeping its charter. The deal allow the seller to save costs and maintain its autonomy.

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Appeals court upholds most of credit union membership rule

08/20/19

A panel of federal appeals court judges reversed a district court’s decision on the NCUA’s controversial field-of-membership rule, but saw merit in bankers’ claims of potential redlining.

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Hometown Community entering northwest Illinois with bank acquisition

08/20/19

The company has agreed to buy Albany Bancshares, which has four branches near the Iowa border.

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