BankThink

Cost-cutting banks find oasis in Arizona desert

02/22/18

A mix of tax sweeteners and a lower cost of living has prompted banks such as MUFG Americas, Northern Trust and Bank of the West to locate corporate-level jobs in Phoenix and surrounding areas.

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Hancock in Miss. to sell its consumer finance business

02/22/18

Harrison Finance has 35 offices, nearly 140 employees and about $95 million of outstanding loans.

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First National of Omaha to drop NRA card partnership

02/22/18

Facing pressure to act on gun control laws, the Omaha bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."

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CFPB wants firms to sound off, but openness carries hidden risks

02/22/18

Commenting on the consumer bureau’s enforcement practices as part of a CFPB review could help shape regulatory reforms, but it could also draw attention to a firm’s run-in with the agency.

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U.S. Bank teams up with fintech on digital auto lending

02/22/18

The bank will allow its customers to apply for car financing online and receive a decision within minutes.

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Could a spike in IRS budget solve income-verification problems?

02/22/18

Financial services groups are calling for more funding for the Internal Revenue Service that could fix flaws in the agency's system for verifying the income of mortgage applicants.

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Is there suddenly room for a new bank in N.C.?

02/22/18

Organizers aiming to open a de novo just outside Charlotte say there's a need for a new community bank after several years of consolidation in the market.

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Are banks doing enough to protect Zelle users from fraud?

02/22/18

In Zelle’s national advertising campaign, the bank-run P-to-P network spotlights consumers paying a personal trainer, a babysitter and a neighbor. It sets an expectation that Zelle can be used like a credit card, and scammers have figured out how to exploit this trust.

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Cryptocurrency regulation is a job for Treasury

02/22/18

As Congress considers new rules for digital currencies, lawmakers should consider putting responsibility in the hands of the Treasury Department, given its role in handling traditional currency.

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‘The AI body snatchers have already taken over’

02/22/18

Artificial intelligence is expected to bring financial services to millions, yet it could also make unethical decisions that unfairly deny credit and widen the divide between haves and have-nots, says Nicolas Economou of the nonprofit Future Society.

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