BankThink

CFTC subpoenas add to fears of an unsustainable crypto bubble

01/31/18

Regulatory scrutiny of Tether and Bitfinex is spooking investors, though others argue the industry remains strong.

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In Super Bowl limelight, U.S. Bank aims to become household name

01/31/18

The bank will step onto the national stage this weekend when the Patriots and Eagles face off at the Minneapolis stadium where it holds the naming rights. It has taken steps to capitalize on the exposure ahead of its expansion into new markets.

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CFPB seeks input on overhaul of internal legal proceedings

01/31/18

The Consumer Financial Protection Bureau is seeking comment on how it sues companies via an internal process rather than the traditional court system.

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'Black box' problem hampers banks' online marketing

01/31/18

Bankers would like to take advantage of digital marketing tools that target customers similar to their own, but there are persistent fears that doing so could make financial institutions run afoul of regulatory restraints.

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Warren, Waters ask Mulvaney about CFPB change of heart on payday

01/31/18

Top Democrats in the House and Senate sent a letter to Mick Mulvaney on Wednesday questioning his decision to delay the implementation of the Consumer Financial Protection Bureau’s payday loan rule.

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Credit losses keep rising at Santander Consumer, but at a slower pace

01/31/18

After reporting its fourth-quarter earnings, the subprime auto lender said it expects the new tax law to enable more car owners to stay current on their loans.

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BB&T sells U.S. factoring portfolio

01/31/18

The regional bank sold the business, which serves about 90 clients, to a New York commercial finance firm.

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Tax benefit overshadows higher funding costs at N.Y. Community

01/31/18

The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business.

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McHenry Bancorp in Ill. raises capital to meet regulatory standards

01/31/18

The company, which raised $23 million through a private placement, had a 6.97% total capital ratio at Dec. 31.

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Appeals court affirms CFPB's constitutionality, leadership structure

01/31/18

The decision by the appeals court means that a president can only fire the head of the Consumer Financial Protection Bureau for cause. But the ruling also scrapped the CFPB's massive fine against a nonbank mortgage lender.

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