BankThink

Mulvaney responds to Warren; Deutsche’s investment

04/05/18

CFPB acting director uses the senator’s own words against her; Wall Street veteran’s addition shows the German bank is committed to U.S. investment banking.

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Waters rebukes BofA for ending free online checking

04/04/18

Rep. Maxine Waters, D-Calif., questioned Bank of America's decision to discontinue free online checking accounts used by many low-income consumers in light of the bank's recent profits and corporate tax cuts.

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For ag bankers, fear and loathing over China’s tariffs

04/04/18

China’s threat to impose hefty tariffs on dozens of U.S. imports could weaken demand for soybeans, pork and other agricultural products. Here's what that could mean for farmers, ranchers and the banks that lend to them.

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New York pushes JPMorgan, BofA, Visa to reconsider gun-sale risk

04/04/18

New York state's pension funds are urging credit card companies to consider following Citigroup's lead in cracking down on gun sellers.

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Treasury watchdog subpoenas Google to identify whistleblower

04/04/18

The Treasury Department's inspector general is seeking the identity of an Office of Financial Research employee who produced several YouTube videos that raised concerns about discrimination and diversity problems.

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U.S. is said to restrict lenders in veterans' mortgage crackdown

04/04/18

Two lenders have been punished by Ginnie Mae amid its concern that they enabled costly rapid refinances of veterans' home loans.

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CFPB requests public input on financial education programs

04/04/18

The information request is the 11th issued by the agency since acting CFPB Director Mick Mulvaney in January launched a review to examine the bureau's practices.

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Credit bureaus aren’t going anywhere. For now

04/04/18

Some speculate that the banks who do business with credit reporting agencies may be looking for alternatives after mounting concerns about their ability to keep information private. But breaking up is hard to do.

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What’s my bank got to do with the price of milk?

04/04/18

Forget ROA and efficiency ratio. When it comes to buying stakes in small banks, many investors are looking at indicators like commodities prices, executives' ages and city-by-city market conditions.

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Banks struggle to unmask true account owners for looming AML rule

04/04/18

Efforts by financial institutions to track "beneficial ownership" data in advance of a regulatory deadline next month is complicated by the challenge of getting customers to cough up the information.

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