BankThink

Gender gap in financial services affects pay, family leave, promotion

10/22/18

The gap in attitudes and outlook on gender inclusion is wide enough that women and men in financial services often have entirely different takes on gender in the workforce, with men much more likely to have an outsized positive view on progress in gender inclusion.

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Wells Fargo to pay $65 million to New York over cross-selling

10/22/18

The bank failed to tell investors that the success of its cross-selling was built on “sales practice misconduct at the bank,” the state attorney general said.

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Trump reopening Wall Street casino by weakening Volcker Rule

10/22/18

Efforts to soften the ban on proprietary trading, now up for debate by regulators, put the country and taxpayers at risk once again.

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To boost credit scores, FICO, Experian, Finicity want bank data

10/22/18

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

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JPMorgan Chase inks fourth data aggregator deal

10/22/18

Plaid will be able to access the bank’s customer information through a secure API. JPMorgan has similar agreements with three other fintechs.

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New ABA chair: Tailor regs to business models, modernize CRA

10/22/18

Jeff Szyperski wants regulators to update the definitions of assessment areas under the Community Reinvestment Act, and remove 'arbitrary' asset thresholds from bank regulation in general.

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Higher yields, equipment finance fees boost TCF's 3Q earnings

10/22/18

The $22.9 billion-asset TCF also highlighted improvements in credit quality in the third quarter as it continued to exit the auto finance business.

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MoneyLion launches financial tracking tool, checking account

10/22/18

The challenger bank is “rebundling” banking, offering more pieces of traditional financial services for a flat monthly fee.

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Umpqua sells unit behind creation of its app for choosing personal bankers

10/22/18

The bank will still use GoTo, an app consumers can use to communicate with a personal banker, but no longer own the Pivotus subsidiary that created it.

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CFPB's real power player; FICO's push to help loan approval

10/22/18

Brian Johnson, the agency’s second-in-command, wields much power; Fair Isaac is planning changes to credit scoring to boost approvals.

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