BankThink

Firestorm over faulty accounts is just beginning

06/08/18

Institutions that have been opening consumer accounts without consent need to prepare for the fallout, even if the OCC has said it won't name names.

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OCC says it's just Wells; Church looks at payday lending

06/08/18

The agency found no “systemic issues” in its review of other banks’ sales practices; some churches say the lenders are needed, others see the devil.

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'So much for the C in CFPB': Comments of the week

06/08/18

Readers react to members of the Consumer Financial Protection Bureau's advisory board getting fired, opine on Sen. Elizabeth Warren slamming deregulation, weigh in on facial recognition technologies and more.

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The internet will be everywhere, in everything. Banks better be, too

06/07/18

Banks will need to evolve further and faster to reach consumers in an interconnected, always online world, according to industry leaders.

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F.N.B. selling consumer finance unit, closing 20 branches

06/07/18

The Pittsburgh company said that the moves would improve both operating efficiency in its retail network and the credit profile of its consumer loan portfolio.

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Fed sets dates for public release of 2018 stress tests

06/07/18

The agency will release the results of the Dodd-Frank Act Stress Test on June 21 and the Comprehensive Capital Analysis and Review on June 28.

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Mulvaney’s rationale for firing advisory boards doesn’t hold water

06/07/18

It's tough to explain the bizarre way the CFPB handled the decision to dismiss the members of three advisory councils earlier this week.

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Your bank's been hacked. How soon should investors be told?

06/07/18

That’s the question executives of publicly traded banks are asking themselves as they try to make sense of new — and somewhat vague — guidance from the SEC on procedures for disclosing data breaches.

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Warren floats pot banking bill to help states circumvent federal ban

06/07/18

The bipartisan legislation would enable business in legal-marijuana states to access banking services, removing a key hurdle for a fast-growing industry.

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Banks reduce municipal-bond holdings for first time since 2009

06/07/18

U.S. banks reduced their holdings of state and local government bonds for the first time since 2009 after the federal government slashed corporate tax rates, according to figures released by the Federal Reserve Thursday.

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