BankThink

NCUA’s Metsger hammers federal judge’s field-of-membership ruling

04/05/18

National Credit Union Administration Board Member Rick Metsger says a federal judge overstepped the court's bounds when striking down portions of the agency's field-of-membership rule, but stopped short of saying the regulator planned to appeal the decision.

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Mulvaney thwarts Warren inquiry, citing CFPB structure

04/05/18

The agency’s acting director uses a reply letter to the senator not to answer her questions but to underscore that Congress lacks the ability to compel answers to such questions.

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What are the ethics of AI for bankers?

04/05/18

Cathy Bessant, chief operations and technology officer at Bank of America, shares her thoughts on how companies can prevent human foibles and biases from creeping into their software and the need to build an ethical framework for AI software development and use.

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JPMorgan has 'a responsibility' to recruit ex-cons, Dimon says

04/05/18

In addition to his highly publicized comments on trade and other political issues, the CEO of JPMorgan Chase used his annual letter to underscore the importance of job training for low-wage workers and call attention to an FDIC proposal that encourages banks to hire workers who have been convicted of minor crimes.

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What banks — and fintechs — can expect from N.Y. Fed's new chief

04/05/18

John Williams, a monetary policy expert, has been a critic of Wall Street culture and has voiced concerns about financial startups not offering equal access to credit.

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Tech enhancements will drive JPMorgan's organic growth: Dimon

04/05/18

Online account opening and facial recognition features on mobile apps are among the technologies the bank intends to introduce or improve upon this year, CEO Jamie Dimon wrote in his yearly shareholder letter.

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BofI Holding buys bankruptcy trustee services business

04/05/18

The San Diego company said the deal will bring in low-cost deposits and create a new source of fee income.

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SEC can help clear regulatory path for crypto trading

04/05/18

The agency should consider exempting some registered cryptocurrency exchanges from state money transmission laws.

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Dimon sees risk to global economy in U.S. trade war with China

04/05/18

JPMorgan Chase Chief Executive Officer Jamie Dimon said the U.S. has legitimate grievances with China on trade, but that "anything that starts to resemble a trade war" will pour risk and uncertainty into the global economic system.

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Wells Fargo sales push extended to wealth unit, ex-workers say

04/05/18

Some clients of Wells Fargo's wealth-management division were steered into investments that weren't always in the best interests of clients, according to several people familiar with the unit.

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