BankThink

Large banks assuming more risk in auto lending

02/12/19

New research from the New York Fed found that banks with more than $50 billion of assets originate more subprime car loans than small banks and credit unions do.

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Inside the bank deal that survived after a CEO quit

02/12/19

Rheo Brouillard, the head of SI Financial, finally had a solid offer in hand after more than two years of searching for a buyer. But the resignation 10 days later of the man who made him that offer — Berkshire Hills’ Michael Daly — sent Brouillard scrambling.

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Citi Ventures invests in consumer analytics firm Second Measure

02/12/19

Citigroup's venture capital arm is investing in technology that provides real-time analysis of millions of consumers' card transactions.

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Jury out on SOFR; Bowman advocates for community banks

02/12/19

The possible replacement for Libor's volatility raises concern about its viability; new Fed governor says community banks punished for crisis the did not cause.

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Consumer lender Insikt rebrands as Aura

02/12/19

The installment lender, which bills itself as an alternative to payday lenders, targets underserved communities and operates through a network of retail partners.

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The case that’s challenging bitcoin’s status as payment instrument

02/12/19

Undercover cops arrested a Miami Beach man for trying to sell bitcoin for dollars. Carlton Fields attorney Matthew Kohen explains what the case means to banks.

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Government shutdowns add new wrinkle to credit bureau reform

02/11/19

As another possible shutdown looms, concerns about furloughed workers’ credit histories have shifted the reform discussion away from data security.

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Banks claim victory in new private flood insurance rule

02/11/19

Depository mortgage lenders are optimistic the final version of a regulation designed to open up the flood insurance market will make it easier for them to comply with a rule requiring them to accept private carrier policies.

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Synchrony minds HR as it develops AI

02/11/19

The bank and card program provider is starting to use AI in many areas, but it's also trying to build paths forward for employees whose jobs will be affected.

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Upset SBA borrowers take their beef to Capitol Hill

02/11/19

If the government insists on forcing another shutdown, business owners are intent on letting Congress know how much the last one hurt.

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