BankThink

Could sharing services be the key to survival for mutuals?

07/05/18

The leader of an Ohio mutual is urging his peers to follow the lead of credit unions by forming groups to share technology and collaborate on lending and deposit gathering.

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CFPB's compliance approach makes regulatory guidance unreliable: MBA

07/05/18

The Consumer Financial Protection Bureau's practice of "regulation by enforcement" and use of nonbinding guidance materials makes its regulatory efforts "unfair and ineffective" to lenders and servicers, the Mortgage Bankers Association said.

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Debt-collection fix aimed at new target: Local government

07/05/18

Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.

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'Rogue informant' sues Puerto Rico over banking license denial

07/05/18

Guy Gentile ran a stock brokerage. He spent years running sting operations as an FBI informant. Then, after he was arrested anyway, he beat the charges. Now his plan for his next act — opening a bank in Puerto Rico — is hitting a snag.

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Insolvent insurer causes headache for Va. bank's student lending

07/05/18

Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.

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Bankers can’t just fix problems, they must manage relationships

07/05/18

When bank customers are treated poorly by branch employees, it can damage the relationship even if the specific issue is effectively resolved.

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CFPB won’t pursue Zillow case; U.K. banks warned to fix IT

07/05/18

The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues.

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How Pat Toomey could shape banking policy

07/05/18

If the GOP keeps the Senate, the Pennsylvania Republican, who has pressed for bigger changes to the Dodd-Frank Act than recently enacted regulatory relief legislation, could be the next banking chair. Here's what that means.

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6 lawmakers who could chair a banking committee next year

07/05/18

Regardless of which party controls the House or Senate post-election, the financial services panels in both chambers could have new leaders.

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Plan to make banks divulge sales goals closer to becoming L.A. law

07/03/18

A first-in-the-nation ordinance, passed by the city council in the wake of the Wells Fargo scandal, would require banks that want the city’s business to reveal if they have sales quotas for employees. It remains to be seen, though, whether Mayor Eric Garcetti will sign the measure into law.

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