BankThink

Be prepared, Indianapolis bankers: B of A has landed

01/11/18

Bank of America has opened a flagship branch downtown and plans several so-called robo branches across the city. It has used a similar strategy to enter new markets in the past year.

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Despite loss, legal battle against CFPB's Mulvaney isn't over yet

01/11/18

After a significant setback this week in the legal bid to unseat Mick Mulvaney as acting director of the Consumer Financial Protection Bureau, consumer groups are pinning their hopes on a second case they hope will provide a different result.

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Merrill Lynch partners with fintech on texting service

01/11/18

Banks have strictly controlled adviser-client text communications due to regulatory concerns.

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Seacoast to sell Visa stock to cushion tax hit

01/11/18

The company expects to report a $15 million gain in the fourth quarter from the stock sales, which will more than offset any deferred-tax impairment tied to recently passed tax reform.

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Heritage Commerce eyes San Francisco with latest acquisition

01/11/18

The company has agreed to pay more than $50 million for United American Bank.

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Ripple says MoneyGram to test its digital coin for payments

01/11/18

Ripple, the startup looking to help the financial industry speed up payments with blockchain technology, said MoneyGram International Inc. is testing the use of its XRP digital currency to move funds.

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Can a Nobel Prize winner help banks navigate the bitcoin craze?

01/11/18

The work of the famed psychologist Daniel Kahneman provides insights into how bankers can make better business decisions around cryptocurrency and other investments.

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CFPB deputy foiled again; Big changes to CRA

01/11/18

Judge again throws out Leandra English’s attempt to take over agency; planned revamp may ease banks’ lending requirements to the poor.

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LendingPoint poised to expand after buying point-of-sale lender

01/11/18

The Kennesaw, Ga.-based company, which targets borrowers with blemished credit records, has acquired LoanHero, which specializes in loans at the cash register.

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JPMorgan Chase to offer car loans online through partnership with AutoFi

01/11/18

The agreement marks the latest example of the banking giant teaming with a fintech to speed up delivery of services to its customers.

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