BankThink

Banks’ data collection efforts lacking; CFPB, JPMorgan offer advice

10/16/18

Banks need dedicated teams to shore up digital compliance efforts, officials at SourceMedia’s RegTech 2018 conference said.

[more]

USAA dips toe into small-business lending

10/16/18

The San Antonio bank will refer customers seeking small-business loans to StreetShares, a financial startup that is similarly focused on serving veterans of the U.S. military.

[more]

Visa stock sale, M&A deal drive profits at First Horizon

10/16/18

Earnings at the holding company for First Tennessee Bank beat expectations even after excluding those one-time factors.

[more]

HSBC, Credit Suisse CEOs follow Dimon and ditch Saudi conference

10/16/18

The chief executive officers of HSBC and Credit Suisse became the latest top bankers to abandon an investment conference in Saudi Arabia as pressure grows on the kingdom amid allegations it killed a dissident journalist.

[more]

Profits soar but lending flat at Comerica

10/16/18

The Dallas company reported a 41% increase in 3Q earnings despite lackluster performances in lending, deposits and fee income.

[more]

Fintech startup U-Nest launches college savings app

10/16/18

Parents with small children often don’t know about college savings accounts, according to U-Nest founder Ksenia Yudin.

[more]

CFPB seeks ‘abuse’ definition; Fidelity offers bitcoin trading

10/16/18

A definition would give lenders a clearer idea of what practices are off limits; the mutual fund giant will provide the service for institutional clients.

[more]

Customers Bancorp suspends planned spinoff of digital bank

10/16/18

BankMobile will remain part of Customers for at least two years after regulatory snags derailed a plan to transfer the unit to a Florida bank.

[more]

Warren rebukes Comerica over fraud in benefits program

10/16/18

In hundreds of cases, the prepaid card program run by the bank allegedly sent users’ funds to fraudsters who had stolen their data. The security lapse has now caught the attention of the Democratic senator.

[more]

OnDeck creates new subsidiary for bank partnerships

10/16/18

ODX will pursue deals with banks that want to use the New York lender’s technology to offer online small-business loans.

[more]