BankThink

CFPB reform roadblock: Too many commenting deadlines

06/06/18

With comment periods quickly closing, responding to the agency’s abundant requests for information is proving a logistical hassle for the industry and consumer advocates.

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Mulvaney makes it official, fires CFPB advisory board members

06/06/18

The Consumer Financial Protection Bureau fired all 25 members of the agency's Consumer Advisory Board during a conference call Wednesday, saying it wanted to bring in more diverse views.

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Crypto firm Circle aims to expand into regulated banking

06/06/18

Circle Internet Financial Ltd., one of the world’s most valuable cryptocurrency platforms, is looking to make a big leap into the highly regulated realm of U.S. banks and brokerages.

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CFPB's Mulvaney set to drop PHH case

06/06/18

Acting Consumer Financial Protection Bureau Director Mick Mulvaney is poised to dismiss its administrative proceeding against the mortgage lender, following a four-year battle over the agency's structure.

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What made a Georgia bank pivot from IPO to sale?

06/06/18

Brand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. That decision led to one of the biggest deals announced this year.

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SunTrust passes national mortgage settlement review

06/06/18

The Atlanta bank had previously failed compliance metrics in five straight quarters before passing them last year, according to the settlement's monitor.

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Capitalizing on CECL for strategic competitive advantage

06/06/18

While some financial institutions are delaying CECL planning and implementation, others are capitalizing on CECL to gain a strategic competitive advantage. What’s your strategy?

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Seattle finds breaking up with Wells Fargo is hard to do

06/06/18

The city wanted to sever its relationship with the bank, but it ran into a big obstacle.

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With easing of stress tests, bank risk teams have to step up

06/06/18

The regulatory relief legislation rolls back several stress test requirements for regional and midsized banks, putting more onus on financial institutions and their regulators to ensure banks are managing their risk appropriately.

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Sales problems go beyond Wells; Technology vs. establishment

06/06/18

The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.

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