BankThink

Liquineq launches distributed ledger for cashiers’ checks

10/29/18

The idea of digitizing cashiers' checks is likely to meet resistance, but the Swiss startup says at least two U.S. banks are already showing interest.

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Deutsche CEO puts management on blast; Chinese banks use lie detectors

10/29/18

Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics.

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What’s keeping the Senate from confirming Ginnie Mae chief?

10/28/18

The housing finance agency, which is increasingly at the forefront of reform discussions, has been without a permanent chief for almost two years.

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9 things bankers fear this Halloween season

10/28/18

From Democrats winning control of Congress to an escalating trade war and technology companies applying for a fintech charter, there are plenty of scary prospects facing the industry.

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Bill Gates funds research to spur banks to innovate for the poor

10/26/18

The Human Account, a survey of 11,500 people, is intended to inspire banks and governments to come up with better ways to help low-income people.

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Wells execs sidelined, SIFI sequel, FDIC's innovation lab: Top stories of the week

10/26/18

Wells Fargo puts two top execs on leave as scandal's reach grows; regional banks freed from SIFI label lobbying regulators hard for more relief; FDIC to launch innovation office to help banks compete with fintechs; and more from this week's most-read stories.

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The pitfalls Discover’s new CEO sees in consumer lending

10/26/18

Personal loans are "tricky to underwrite" because consumer credit scores are high at the time of origination and then drift downward, says Roger Hochschild, who recently took over as the head of Discover Financial Services.

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Mortgage market is ripe for fraud (again)

10/26/18

Growing home prices plus rising interest rates are putting a damper on mortgage lending, which pushes the market to seek out less qualified borrowers and increases the risk of fraud.

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CFPB makes it official: Changes to payday rule coming in new year

10/26/18

The agency wants to change underwriting requirements in the regulation that lenders say will put them out of business, and give companies a break on the compliance deadline.

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Union-backed bank will start tracking carbon in loans

10/26/18

Amalgamated Bank of New York said it will begin tracking the carbon emissions it is financing through its $3.4 billion loan portfolio, using as a guide the science that would limit global warming to 2 degrees Celsius, which is the goal of the Paris Climate Agreement.

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