BankThink

Calif. fines Santander Consumer for referral-fee violations

04/06/18

The subprime auto lender failed to disclose that it received fees for referring borrowers to CarMax, the used-car dealer, according to California's financial regulator.

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RIP GSE reform, emoji translation and Mulvaney’s CFPB plan: Top stories of the week

04/06/18

GSE reform a likely scratch from this year’s to-do list; banks’ difficulties in speaking emoji; reactions to Mick Mulvaney’s plans for the CFPB; and more.

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Making financial inclusion part of the business model

04/06/18

The heads of Mastercard and Santander outlined the concrete steps their firms are taking to bring unbanked consumers into the financial system.

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Digital wealth tools help banks reel in new assets, talent

04/06/18

BMO Wealth Management aims to modernize its investment service and give advisers better equipment. Others offering automated advice solutions include UBS, Wells Fargo and JPMorgan.

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Beneficial's answer to stiff loan competition: Start a lease business

04/06/18

Struggling to find quality loans in the grueling Philadelphia market, Beneficial Bank is looking to accelerate growth by building a nationwide leasing firm from the ground up.

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Former Webster CEO Smith mulls run for Connecticut governor

04/06/18

James Smith said he would decide soon whether he’ll seek the Republican nomination for governor. He said he was inspired partly by his recent work on a commission tasked with recommending fixes to the state’s fiscal and economic problems.

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SoFi plans to start rolling out deposit accounts next month

04/06/18

Social Finance said it will start offering deposit accounts and debit cards to some customers next month. It's the first major new product rollout under Chief Executive Officer Anthony Noto.

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Acquisitive NBT Bank buys another retirement services firm

04/06/18

The deal for Retirement Plan Services, which provides recordkeeping for employers nationally, is NBT's fourth acquisition of a retirement services firm since 2015.

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Bank regulatory actions under Trump fall to historic lows

04/06/18

As lawmakers consider reforms to the Dodd-Frank Act, fresh data shows a dramatic reduction in new items issued by the regulatory agencies.

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Regions to sell insurance business to BB&T

04/06/18

BB&T is the nation's fifth-largest insurance broker. The deal, expected to close in the third quarter, would further expand its reach in the Southeast and Texas.

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