BankThink

‘He’s going to go after debt collectors’

01/29/18

Mick Mulvaney, acting director of the CFPB, sent strong signals in a memo to all bureau staff last week that he wants to crack down on debt-collection firms.

[more]

CFPB overhaul continues: Looking back at an eventful week

01/28/18

Mick Mulvaney’s unapologetic memo to staff about the Consumer Financial Protection Bureau’s mission headlined a spate of developments this past week as he continues to transform the agency. Here are the key developments.

[more]

SoFi buys teams from mortgage startup Clara to boost offerings

01/26/18

Social Finance has acquired the engineering and product teams of mortgage startup Clara Lending, bolstering the financial technology company's offerings beyond student-loan refinancing, according to people familiar with the matter.

[more]

At Davos, high spirits belie deepening sense of systemic unease

01/26/18

Some bankers spread the religion of this year's feel-good World Economic Forum, but others were more circumspect. The list of potential threats remains lengthy — including trade wars and the bursting of the bitcoin bubble — and all pose risks to banks and the economy.

[more]

Is Trump team moving to political middle in CFPB director search?

01/26/18

The candidates being discussed lately to run the agency bring experience on consumer protection issues, and potential bipartisan appeal.

[more]

Warren's Mulvaney shot, B of A blowback and (more) CFPB: Top stories of the week

01/26/18

Elizabeth Warren takes acting CFPB director Mick Mulvaney to task over his decision on data collecting; B of A gets heat from harrassment reveal and free checking halt; and more.

[more]

KeyCorp names finance exec as new chief diversity officer

01/26/18

Kim Manigault, who previously was chief financial officer for the company’s technology and operations organization, will be responsible for ensuring that Key continues to make diversity and inclusion a priority in hiring.

[more]

Breakthrough: More women running banks’ legal departments

01/26/18

Most general counsels are men, but in 2017 women filled more than half of the top legal positions that opened up at large financial firms. The trend is likely to continue as the population of women lawyers swells and banks continue to diversify their senior ranks.

[more]

Carlyle, Anchorage cash out of crisis-era bank investment

01/26/18

The private-equity firms, which invested in a predecessor to Union Bancshares in May 2010, sold their shares for a total of $301 million.

[more]

B of A's brush with sexual harassment shows need for more openness

01/26/18

Bank of America employees force harassment charges against Omeed Malik out in the open, raising questions about how departures like his are handled. Plus, Jessica Chastain sets an example, and Larry Nassar's group of enablers needs to be made into one.

[more]