BankThink

BofA to end payments joint venture with First Data next June

07/30/19

Bank of America said it will end a payments joint venture with First Data next June when a contract between the two companies expires.

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'It should just work': Why banks need a single standard for data sharing

07/30/19

Don Cardinal of FDX and Olivier Helleboid of Intuit explain the FDX and OFX standards, how they're turning them into one standard and what that standard will be able to do for banks.

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When do credit problems move from one-off to trend?

07/29/19

Credit quality is being second-guessed after several banks reported higher 2Q charge-offs.

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A GSE plan before the election has risks — but so does doing nothing

07/29/19

Some believe the administration will delay action on Fannie Mae and Freddie Mac to avoid any political fallout. Others say the window for reform is closing.

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Capital One systems breached by Seattle woman, U.S. says

07/29/19

Capital One Financial Corp. lost data from as many as tens of millions of credit card applications after a Seattle woman hacked into a cloud-computing company server, federal prosecutors in Seattle said.

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Mnuchin's former bank agrees to $100M redlining settlement

07/29/19

The Department of Housing and Urban Development approved a settlement in favor of the California Reinvestment Coalition against CIT Group's OneWest Bank, which was run by Steven Mnuchin prior to him becoming Treasury secretary.

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What's next for OnDeck after breakup with JPMorgan?

07/29/19

The online lender is counting on other arrangements with banks — and perhaps even a bank charter of its own — to help recover from the loss of a key partnership.

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JPMorgan, Citi among banks facing $1 billion FX-rigging suit

07/29/19

It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions.

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Ex-N.Y. regulator Maria Vullo on fintech fight, Facebook's crypto plan

07/29/19

The former state banking superintendent weighs in on some of the toughest questions bank regulators are grappling with and the lawsuit (still ongoing) that she filed against the OCC.

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Former CFPB official 'may have abused his authority': Inspector general

07/29/19

Eric Blankenstein, now at HUD, is under fire for asking a subordinate to defend him after it was revealed he wrote racially charged blogs 14 years earlier.

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