BankThink

Disruption, diversity are goals of this fintech venture fund

03/08/18

The venture capital firm Anthemis seeded 21 fintech startups in its first discretionary fund, which raised $106 million. It favors management teams made up of people from all walks of life who have fresh ideas about shaking up banking and insurance.

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Midterm elections lurk in background of reg relief debate

03/08/18

The Senate legislation could be crucial for three moderate Democrats backing the bill who are up for re-election this fall, although the package has divided the party more broadly.

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Why the small-bank deposit gap could widen

03/08/18

If community banks fail to keep up with higher rates offered by online banks, credit unions and (soon) big banks, their liquidity may deteriorate even faster.

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Senate prepares to end week without vote on Dodd-Frank relief

03/08/18

Unable to come to an agreement on which and how many amendments will be offered to a Dodd-Frank regulatory relief bill, the Senate will have to return next week before voting on the legislation.

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Fintechs on Bank of Amazon: It’d be a net plus

03/08/18

Disruptors would get a powerful new competitor if Amazon began offering checking accounts, but such a move would also validate the notion that fintechs are the future.

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Better representation in corporate boards, less diversity in central banking

03/08/18

After some modest success pushing companies to add women to board, State Street is raising the bar; a few key departures have left the ranks of the world’s central bankers even more male-dominated.

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CFPB should make sure payday rule reboot meets consumer needs

03/08/18

As it gives its small-dollar lending regulation another look, the agency must consider borrowers who have no other credit options.

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Zelle comes calling, but are small banks interested?

03/08/18

Many community bankers fear the fast-growing P-to-P network will increase costs without adding revenue.

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CFPB finalizes technical correction to mortgage servicing rule

03/08/18

The Consumer Financial Protection Bureau finalized a rule on Thursday that gives mortgage servicers more latitude in sending periodic statements to borrowers in bankruptcy.

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Midland States in Illinois taps new president

03/08/18

The move provides a strong hint of the long-term succession plan spearheaded by CEO Leon Holschbach

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