BankThink

Regions Financial names new president

12/13/17

John Turner, the head of the Birmingham, Ala., company's corporate banking group, takes over the president's title from Chairman and CEO Grayson Hall.

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Mortgage trade group asks CFPB to delay HMDA rule

12/13/17

The Community Home Lenders Association wants Mick Mulvaney, the acting director of the CFPB, to delay implementation of the Home Mortgage Disclosure Act that goes into effect on Jan. 1.

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Yellen dismisses concerns about regulatory chops of Fed’s new leaders

12/13/17

Despite concerns from Democrats about the bank regulatory views of Federal Reserve Board officials who will lead the central bank going forward, the current Fed chair said she is not worried.

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Fed rate hike highlights need for greater business loan demand

12/13/17

The Fed’s rate hike on Tuesday will raise bank's funding costs, serving as a stark reminder that a return to strong, broad-based business loan demand can’t come soon enough.

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FHA condo loans slipped under Obama. Trump’s HUD eyes a comeback

12/13/17

The Obama administration had tried to ease restrictions on the Federal Housing Administration's condominium program, but the agency under President Trump is seen as moving more aggressively.

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Can a BBVA spinoff crack the digital ID code?

12/13/17

Covault has begun offering a digital identification and virtual safe deposit box service to banks and others. Similar efforts have failed before, but its backers say mobile apps and the cloud have made the service more practical.

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Community bankers’ grim reality: This is the new normal

12/13/17

Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound.

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CIBC sees 17% of earnings coming from U.S. businesses by 2020

12/13/17

Canadian Imperial Bank of Commerce said it expects earnings contributions from its U.S. businesses to almost double to 17 percent in the next three years as the lender integrates its acquisition of Chicago-based PrivateBancorp.

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Why a Mexican department store chain is investing in a U.S. fintech

12/13/17

Grupo Coppel and Insikt, an online lender, would appear to be cut from different cloth, but they share an expertise in providing credit to working-class, largely Hispanic consumers. The retail conglomerate also operates 1,000 bank branches in Mexico, mixing banking and commerce in a way that U.S. regulators have not allowed.

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Shadow lending growing as Canadians chase housing dream

12/13/17

The risk to Canada's financial system from tapped-out borrowers is merely shifting — this time to a market where there's no oversight from the country's national bank regulator and new stress-test rules don't apply.

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