BankThink

USAA ordered to improve risk management, information security

02/15/19

The enforcement action from the OCC comes on the heels of a CFPB consent order that said USAA reopened customers' accounts without consent and neglected stop-payment requests.

[more]

Recipe for an East Coast regional

02/15/19

John Asbury, president and CEO of Union Bancshares, wants to make Virginia something it hasn’t been in decades: home to a regional bank powerhouse. He discusses how striking the right balance between acquisitions and strategic hiring works toward that goal.

[more]

Watt abused role in pursuing relationship with FHFA staffer: Watchdog

02/15/19

Former FHFA Director Mel Watt attempted to coerce an agency employee to engage in a romantic relationship with him, according to an inspector general report.

[more]

Managers at Investors Bancorp hit the streets to pull in deposits

02/15/19

"You can't meet customers at the headquarters," CEO Kevin Cummings tells his senior executives.

[more]

Bankers have another data security issue to worry about

02/15/19

Banks want to encourage innovation by extending access to outside developers, but customer data remains vulnerable while in use by an application.

[more]

HomeStreet acquiesces to activist investor, will sell mortgage unit

02/15/19

HomeStreet Bank will attempt to sell its stand-alone mortgage business and portfolio of servicing rights, a move that comes amid growing pressure from an activist investor to exit home lending and concerns about declining demand and regulatory challenges.

[more]

Fintechs could make life easier for overtaxed SBA

02/15/19

The Small Business Administration should consider partnering with fintechs, which have the capacity to approve loans quickly, to help avoid the kind of application backlog the agency faced after the last government shutdown.

[more]

JPM's digital token; Face-recognition ATMs

02/15/19

The JPM Coin will be used to expedite payments transfers for its corporate clients; customers of Spain’s largest retail bank will be able to withdraw cash without entering a PIN.

[more]

'Accounting smoke and mirrors': Comments of the week

02/15/19

Readers weigh the BB&T-SunTrust deal, consider how a new accounting standard could affect Fannie Mae and Freddie Mac, debate the impact of the government shutdown on credit histories and more.

[more]

5 things JPM Coin will do for banking and blockchain

02/15/19

JPMorgan's blockchain effort could lead to solutions that overcome industry skepticism and regulatory concerns and perhaps attract more mainstream retail interest.

[more]