BankThink

'Big mistake': New State Street CEO says he regrets plagiarism incident

11/09/17

Ronald O’Hanley withdrew from law school at Vanderbilt University in 1983 after admitting to plagiarism while editor-in-chief of the school’s law review, according to a news report.

[more]

Treasury must seize opportunity to rein in SIFI powers

11/09/17

The authority of the Financial Stability Oversight Council to label a firm a “systemically important financial institution” triggers duplicative regulation even if bank-like rules are not appropriate to the company.

[more]

12 markets hit hardest by slashing the mortgage interest deduction

11/09/17

Here's a look at the 12 housing markets with the largest percentages of mortgages over $500,000 — the new threshold House Republicans have proposed for the mortgage interest deduction in their tax plan.

[more]

Equifax interim CEO pleads ignorance; All’s well for bitcoin

11/09/17

Barros has no answer for Senate committee on encryption; a bitcoin network split won’t happen … for now.

[more]

Onur Genc's (somewhat) offbeat growth plan for BBVA Compass

11/08/17

The regional bank’s first-year CEO is doing some expected things, like offering more products through digital channels, and making a few surprising moves, like inviting all credit card customers to switch to lower-rate loans.

[more]

LendingClub's pullback amplifies consumer debt-load worries

11/08/17

The San Francisco firm is the latest U.S. lender to tighten credit standards amid concerns that consumers are shouldering too much debt.

[more]

Acorns locks up retirement savings capability with Vault deal

11/08/17

Adding retirement accounts broadens the app's offerings to millennial clients.

[more]

What Dems' brighter 2018 outlook means for banks

11/08/17

Democrats' victories in Virginia and New Jersey fueled speculation that they may be able retake the House during midterm elections next year. That could have a big impact on regulatory relief, housing finance reform and other bank priorities.

[more]

CFPB sues largest debt settlement firm

11/08/17

The Consumer Financial Protection Bureau filed a lawsuit Wednesday against Freedom Debt Relief and its co-CEO for allegedly deceiving consumers.

[more]

Treasury names criminal prosecutor as Fincen director

11/08/17

The Treasury Department on Wednesday named Kenneth A. Blanco, a longtime criminal prosecutor with the Justice Department, the director of the Financial Crimes Enforcement Network.

[more]