BankThink

A new name emerges as possible head of CFPB

01/19/18

Johnathan Dever, a Republican Ohio state representative and defense lawyer, is being touted as a top candidate to lead the bureau, according to multiple insiders.

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'Hats off to Mulvaney’: Comments of the week

01/19/18

Readers react to Mick Mulvaney launching a public review of the Consumer Financial Protection Bureau, weigh in on the Senate’s bill to ease some Dodd-Frank rules, opine on how the wave of GOP departures will affect banks and more.

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FSOC gives up effort to designate MetLife as SIFI

01/19/18

The Financial Stability Oversight Council filed a joint motion with MetLife that all but cemented the 2016 court ruling throwing out the insurance giant's designation.

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Cheat sheet: Senate goes own way on housing finance reform

01/18/18

Senate negotiators are working on a bill that would place Fannie Mae and Freddie Mac into receivership and replace them with multiple mortgage guarantors, according to sources.

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JPMorgan boosts Dimon's pay 5.4% to $29.5M for 2017

01/18/18

It was the second-biggest package the 61-year-old billionaire banker has received since he became CEO in 2005, only trailing his $49.9 million of reported compensation for 2007.

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Lawmaker criticism over Wells supervision is 'reckless': OCC’s Otting

01/18/18

Comptroller of the Currency Joseph Otting blasted a letter from Senate Democrats criticizing his agency for not implementing recommendations on supervision in the wake of the Wells Fargo scandal.

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Regulators grapple with fallout from Justice Dept. U-turn on pot

01/18/18

Attorney General Jeff Sessions did not keep the rest of Washington apprised of his plan to rescind an Obama-era memo on pot. Now Fincen and other federal banking agencies are dealing with the backlash from that decision.

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Group plans de novo bank in Las Vegas

01/18/18

Organizers of Sterling Bank have filed an application with the FDIC and have set a $20 million capital target.

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Citi is first mover on gender pay gap – will other banks budge?

01/18/18

The difference in pay between men and women at Citi is not as striking as some other differences. A reverse mentor changed how Goldman’s Edith Cooper thinks about differences in the workplace. Banks are doing a lot more than relaxing the dress code to retain tech talent. And Ellen Pompeo offers some personal notes on tackling the pay gap.

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Amex cobrand card wins take a toll as rewards costs keep rising

01/18/18

A string of cobrand credit card wins is getting expensive for American Express Co.

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