BankThink

Otting approved as comptroller; OMB head may lead CFPB too

11/17/17

Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it.

[more]

‘Good riddance’: Comments of the week

11/16/17

Readers weigh in on the departure of Richard Cordray, debate whether online lenders are akin to subprime lenders, offer praise of a community banker, and more.

[more]

Why Synchrony and PayPal are joining forces

11/16/17

The deal for PayPal’s consumer loan portfolio will make Synchrony a bigger player in e-commerce. And the agreement helps the Silicon Valley payments giant achieve its goal of reducing its exposure to the credit cycle.

[more]

How a new CFPB head may revamp rules, enforcement

11/16/17

A new Republican director of the Consumer Financial Protection Bureau is likely to take immediate action to change certain rules, including the "qualified mortgage" and payday rules, while curbing pending enforcement actions that are considered too harsh on financial firms.

[more]

CB Financial in Pa. to expand into Ohio Valley with latest acquisition

11/16/17

The company has agreed to pay $49 million for First West Virginia Bancorp, the parent of Progressive Bank.

[more]

Fannie, Freddie returning to low-income housing tax credits

11/16/17

The FHFA is allowing Fannie Mae and Freddie Mac to invest in the credits for the first time since they entered conservatorship. Its purpose is to promote affordable housing in underserved markets.

[more]

Davos dames, car trouble and prison food

11/16/17

Look who's co-chairing the notoriously male-dominated World Economic Forum. A female automotive enthusiast eloquently calls out an industry where bias is ingrained in the everyday language, and women in prison cook up a better future. Plus, State Street, Goldman Sachs and Bank of Montreal.

[more]

Bankers pore over demographics to design branches of tomorrow

11/16/17

While technology will let many banks cut staff and reduce the size of branches, factors such as geography, customer demographics and strategic direction will ultimately shape the look and feel of future offices.

[more]

OMB chief Mulvaney could be temporary CFPB boss

11/16/17

Mick Mulvaney, President Trump’s Office of Management and Budget director, is being considered for interim director of the consumer watchdog after Richard Cordray steps down and until a permanent pick is confirmed.

[more]

Senate confirms Otting to lead the OCC

11/16/17

The Senate confirmed Jospeh Otting, a former business partner of Treasury Secretary Steven Mnuchin, to lead the Office of the Comptroller of the Currency.

[more]