BankThink

Weak fee income, higher costs reduce Valley National's 4Q profit

01/25/18

The new tax law also resulted in more than $22 million of charges at the New Jersey-based bank.

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East West's revenue climbed 14% in 4Q on surge in loan demand

01/25/18

Double-digit growth in total loans more than offset higher chargeoffs and a decline in fee income at the Pasadena, Calif., company.

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Congress should not hold CFPB hostage in budget talks

01/25/18

CFPB opponents trying to use the spending bill to put the agency's budget under congressional appropriations must be stopped.

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Cryptocurrencies concern regulators; banks applaud Trump

01/25/18

SEC, CFTC heads say cyber markets “show little or no regard” for regulation; Dimon and Blankfein say president’s policies help the economy and their businesses.

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CIT’s Alemany shuffles consumer banking, business lending execs

01/24/18

The New York company named two new members to its executive committee as it splits oversight of business capital and consumer banking into separate jobs.

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CFPB seeks comment on how it investigates firms

01/24/18

The Consumer Financial Protection Bureau published a request for information Wednesday seeking comment on the bureau's process for investigating companies that face possible enforcement actions.

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Discover's 4Q marked by strong loan growth, higher expenses

01/24/18

The credit card lender said late payments increased during the quarter but that it expects them to level off in 2018.

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Two new payment firms try out Ripple's cryptocurrency

01/24/18

Plans by IDT and MercuryFX to test XRP for cross-border payments are another vote of confidence for Ripple’s products.

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Online lender with focus on veteran-owned businesses raises $23M

01/24/18

StreetShares seeks to tap into the loyalties of military veterans, bringing together borrowers and savers through an online platform.

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Reactions to Mulvaney memo range from elation to disgust

01/24/18

Many in the industry applauded the Consumer Financial Protection Bureau's new mission statement shifting the agency's focus away from using enforcement actions as a substitute for rules of the road.

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