BankThink

Feds probe commercial mortgage fraud; Banks rail against Volcker 2.0

08/16/18

The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.

[more]

Credit card payoff product launched by two startups

08/16/18

Happy Money and Arcus have joined a pack of fintechs and online lenders urging customers to forego expensive credit card debt, in this case calling it a "sad spend."

[more]

Senate panel reschedules vote on CFPB nominee

08/15/18

The Banking Committee had delayed a vote on Kathy Kraninger’s confirmation after the Senate announced a short summer recess.

[more]

Senate Dems to CFPB's Mulvaney: Don't end military lending exams

08/15/18

The letter from lawmakers to the bureau follows a report that the agency does not view the exams as explicitly required by the law.

[more]

'Off the charts' demand: Lenders enjoy ride as trucking thrives

08/15/18

But overexpansion, trade wars and escalating wages for drivers could cut the trip short for banks that have aggressively pursued business with large and midsize trucking companies.

[more]

Surprise winner in banks' midterm donations: Moderate Dems

08/15/18

While the industry's trend of supporting Republicans continues, Senate Democrats who backed reg relief are drawing key industry support.

[more]

Sunflower Bank in Denver forms structured finance group

08/15/18

The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.

[more]

Ronald Glancz remembered for banking acumen, mentoring next-gen lawyers

08/15/18

The veteran banking attorney, who also worked at the FDIC and OCC, passed away Tuesday following a battle with cancer.

[more]

The candidates getting banks' cash: Top 5 in the Senate

08/15/18

While bankers typically donate more to the political re-election campaigns of Republicans, their giving has shifted more to Democratic incumbents in the Senate for the upcoming midterms.

[more]

U.S. Bancorp promotes Jodi Richard to chief risk officer

08/15/18

The Minneapolis company said Wednesday that Richard, a senior executive in its risk management office, will succeed Bill Parker in October.

[more]