BankThink

DIY CRA? Two suburban banks test new ways to court urban residents

03/07/18

Howard Bancorp and Bryn Mawr Bank are trying different approaches to reach out to underserved markets they’ve entered via acquisitions. Creative in-house initiatives may take on added importance as regulators move to "dial back" Community Reinvestment Act rules.

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OCC’s Otting will be recused from oversight of five banks, agency says

03/07/18

Comptroller of the Currency Joseph Otting will bow out of certain regulatory matters involving CIT and U.S. Bank, where he held leadership roles, and three others.

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Yielding to political pressure is slippery slope for banks

03/07/18

As financial institutions find themselves at the center of political fights on topics like energy financing, marijuana and guns, they should avoid caving in to activist demands.

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CFPB asks industry to weigh in on rulemaking process

03/07/18

The Consumer Financial Protection Bureau issued a request for information Wednesday about certain "discretionary aspects" of the bureau’s rulemaking processes that are not already required by law.

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Is 'too big to fail' over? Markets don't buy it, N.Y. Fed study says

03/07/18

Even as Congress and the Trump administration move to ease post-crisis banking rules they say have gone too far, there's still evidence a central problem of the last crisis hasn't been fixed.

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Mulvaney’s idea for curbing CFPB’s clout: Hand it to other agencies

03/07/18

The Dodd-Frank Act consolidated massive authority under the Consumer Financial Protection Bureau, but acting Director Mick Mulvaney wants the bureau to take a back seat to states and other federal regulators.

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Fearless Girl's first year helped reshape corporate boardrooms

03/07/18

In the year since State Street's Fearless Girl statue started her showdown with Wall Street's Charging Bull, the $2.6 trillion asset manager has faced a confrontation of its own in corporate boardrooms: pressing firms to add more women to their boards.

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Banks battle retailers over proposal to disclose consumer hacks

03/07/18

Banks and retailers are sparring over whether financial firms should follow a new national standard to quickly notify consumers when they've experienced a data breach.

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Wells Fargo ranks No. 1 in arranging financing for gun industry

03/07/18

Wells has helped gun and ammunition companies access $431 million in loans and bonds since the 2012 Sandy Hook shooting. Other financial firms that are active as bookrunners for gunmakers include Morgan Stanley, TD Securities, Bank of America and JPMorgan Chase.

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Regulators need to step up their game to stop tech-based discrimination

03/07/18

Financial agencies must prepare themselves to evaluate the practical effects of automated decision-making in lending and other programs to better detect fair-lending violations.

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