BankThink

The banker caught up in Russia scandal, Mulvaney vs. Warren Part XIII, CU tax: Top stories of the week

03/02/18

The Russia probe puts a national spotlight on a Chicago bank exec; CFPB's Mulvaney and Sen. Warren face off (again) while a credit union CEO takes a surprising position on the industry's tax exemption.

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Short-circuited: Banks have few options to recoup costs of outages

03/02/18

The estimated costs of recent digital glitches at BB&T, TD and Wells Fargo are in the hundreds of millions of dollars, but contractual and economic realities make it hard for banks to sue vendors for the money or fall back on insurance policies.

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As construction lending rebounds, tech investment follows

03/02/18

To attract new customers, banks are getting rid of the paper-based payments process between builders and subcontractors.

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Regions reshuffles execs, creates corporate responsibility arm

03/02/18

The Alabama company, as part of an efficiency effort, is streamlining its organizational structure and creating a division focused on community engagement.

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Santander’s growth strategy, a lawsuit over branch closures and suspicious senators

03/02/18

Santander's Ana Botin is plotting to make the global banking giant even bigger. Senators suspect a Wall Street cover-up of sexual harassment, and Capital One gets sued by the NAACP.

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How a millennial blogger is shaping dialogue on women in banking

03/02/18

Natalie Bartholomew, a banker in Oklahoma, has launched a blog designed to promote women's issues and tout her peers' accomplishments.

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Equifax cites 'ongoing investigation' by CFPB, other agencies

03/02/18

The Consumer Financial Protection Bureau is among several agencies that "continue to investigate events related to" last year's Equifax brief, the credit reporting firm said in a securities filing.

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Crapo bill is right to help less risky regional banks

03/02/18

The legislation up for debate in the Senate reduces regulatory burdens for midsized financial institutions, a good step forward in amending the Dodd-Frank Act.

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Weakness in internal controls surfaces at Valley National

03/02/18

The New Jersey bank did not say exactly what the problem was, but it is beefing up how allegations of financial-reporting violations are reported to upper management.

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Hope Bancorp puts material weakness in its rearview mirror

03/02/18

The issue had forced the Los Angeles company to scuttle its deal to acquire U&I Financial in Washington state.

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