BankThink

FHFA reverses course, will let VantageScore pitch model to GSEs

08/13/19

The regulator of the government-sponsored enterprises retreated from an earlier proposal that had barred VantageScore because of its ties to the credit bureaus.

[more]

Big banks need more diversity in leadership ranks: House Democrats

08/13/19

With women and minorities holding less than 25% of top positions at the eight largest U.S. banks, House Financial Services Committee Chairwoman Maxine Waters and other Democrats called on banks to improve their recruiting efforts and invest in programs aimed at building pipelines of diverse talent.

[more]

How a Volcker Rule rewrite could backfire

08/13/19

Critics of the Dodd-Frank provision are likely heartened by indications that policymakers may soon finalize a more bank-friendly version of the trading ban, but that relief could come at a price.

[more]

CIT buys itself wiggle room with Mutual of Omaha Bank deal

08/13/19

Acquiring the Nebraska bank would give CIT Group access to billions of low-cost deposits to fuel a go-it-alone growth plan. CEO Ellen Alemany says it could also make her company "more valuable" to potential buyers if it ever wants to sell.

[more]

Is it time to worry about mounting credit card debt?

08/13/19

Borrower debt continues to rise, late payments are up and interest rates are at their highest levels since at least 1994. A new report raises questions about the sustainability of the card industry's boom.

[more]

Digit savings app drops fee for instant overdraft protection

08/13/19

The San Francisco-based fintech is using JPMorgan Chase’s real-time payments service to power the updated overdraft prevention tool.

[more]

Regulators close to unveiling Volcker revamp: Sources

08/13/19

Wall Street watchdogs are poised to take a major step toward overhauling limits on banks’ ability to trade with their own funds, according to people familiar with the effort.

[more]

Your data's just sitting there. Machine learning can change that.

08/13/19

The technology can help banks get the most out of the vast amounts of information at their disposal.

[more]

Level One deploys capital from IPO to buy Ann Arbor Bancorp

08/13/19

The Michigan company will pay $68 million to expand in a high-priority market.

[more]

Bank stocks down again; Fed mulls new bank capital buffer

08/13/19

Bank shares are down more than 9% this month; the Fed has never imposed the countercyclical capital buffer before.

[more]