BankThink

JPMorgan policy veteran to head public affairs at new trade group

08/02/18

Kate Childress will run government affairs, communications and member engagement for the newly formed Bank Policy Institute.

[more]

Banks can’t abandon sales focus

08/02/18

While many financial institutions are leery of sales goals after the Wells Fargo cross-selling scandal, they shouldn’t overcorrect.

[more]

Wells settles DOJ mortgage charges; Fidelity to offer no-fee index funds

08/02/18

The $2.1 billion settlement is likely to be the last of the big toxic mortgage cases from the financial crisis; the move pressures rivals to lower prices.

[more]

Upheaval at the CFPB

08/02/18

The nomination of Kathy Kraninger as CFPB director has sparked fights in Congress. Meanwhile, the agency has taken several notable enforcement actions. American Banker reporter Kate Berry explains what these developments mean for the CFPB’s future.

[more]

Wells Fargo's $2B settlement may mark end of crisis-era RMBS woes

08/01/18

The agreement was likely the last of the big cases to be cleared by the Justice Department, and Wells paid less than its peers did to resolve the lingering mortgage probes stemming from the meltdown.

[more]

Panel vote on CFPB nominee delayed as Senate plans recess

08/01/18

The Senate recess is postponing the committee's vote comes as Democrats press Kathy Kraninger on involvement with zero-tolerance immigration policy at OMB.

[more]

ICBA calls for a new FDIC moratorium on industrial loan charter applications

08/01/18

The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.

[more]

With OCC’s door officially open, will fintechs enter?

08/01/18

Fintech firms have the federal option they have long sought, but meeting the agency’s application requirements will not be easy.

[more]

Wells Fargo to pay $2.09B to settle U.S. mortgage probe

08/01/18

Ten years after faulty mortgages upended the global financial system, Wells Fargo agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster.

[more]

Resurgent payments fraud heightens ID challenge for banks

08/01/18

Wire and other payments fraud affected a record number of businesses last year, and the FBI is warning in particular about real estate scams.

[more]