BankThink

Merchants in Indiana to buy warehouse lender

12/06/18

Merchants has agreed to buy NattyMac, a company it has been in business with since 2014.

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Wall Street's bad reaction to #MeToo, Kraninger in at the CFPB, BofA women making moves

12/06/18

Men on Wall Street are taking a cue from Vice President Mike Pence by refusing to dine one-on-one with women; Coinbase is offering fertility benefits; and Bank of America executive Katy Knox gets a promotion.

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Senate barely confirms Kathy Kraninger as new CFPB director

12/06/18

Kraninger's nomination was lauded by industry groups, but vigorously opposed by consumer groups and Democratic lawmakers.

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FDIC seeks industry help in effort to revive de novo banks

12/06/18

The agency's request for comment about the deposit insurance application process is among a series of actions aimed at streamlining charter applications.

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CFPB fines mortgage lender over claims it deceived veterans

12/06/18

The CFPB ordered Village Capital & Investment in Henderson, Nev., to issue refunds and pay a penalty for allegedly misrepresenting the cost savings in a refi product.

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Brown, Rubio float bill to protect small-business borrowers

12/06/18

The legislation would ban legal clauses that force small-business borrowers to give up their right to court proceedings before obtaining a loan.

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Crypto asset startup founded by ex-BNY Mellon banker raises $8 million

12/06/18

Trustology protects private keys to digital assets the way parking valets look after car keys.

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A two-pronged strategy for reaching the underbanked

12/06/18

Sunrise Banks in Minnesota offers products and services designed to help underserved communities and works with fintechs that have a similar mission.

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We can do better on de novos

12/06/18

A pipeline of new banks is critical to the long-term health of the industry and communities across the country, argues FDIC Chairman Jelena McWilliams.

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FDIC clears path for North Carolina de novo bank

12/06/18

Organizers of Community Bank of the Carolinas still need to raise $25 million and secure approval from the state's banking commissioner.

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