BankThink

Defaults haunt nearly half of African-American student borrowers

10/11/17

Nearly half of black Americans who borrowed from the federal government to attend college defaulted on their student loans, according to new data from the U.S. Department of Education.

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CRA standing restored at BancorpSouth

10/11/17

The Tupelo, Miss., company has recouped its “satisfactory” community reinvestment rating, removing a regulatory obstacle to two pending acquisitions.

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FDIC's Hoenig warns of deposit insurance downside: Moral hazard

10/11/17

The Federal Deposit Insurance Corp.'s No. 2 said deposit insurance helps prevent bank runs, but can also make banks more prone to taking on risk that can cost the public.

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Why banks should be more like software companies

10/11/17

Bankers need to set aside their post-crisis aversion to risk, recapture some of the magic they once practiced as innovators, fear fintechs less, and worry about the Googles and Amazons more, says Peter Memon, a bank IT veteran turned global consultant.

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Payday lenders are finding ways around Google’s ad ban

10/11/17

The tech giant won praise from consumer groups for its decision to ban ads for high-cost consumer loans. But the policy contains a big loophole, and advertisers have found multiple ways to exploit it.

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Bank of the Ozarks' 3Q profit climbs 26% on surge in new lending

10/11/17

A 38% increase in new loan originations led to another quarter of record earnings.

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Regulatory playing field for banks, nonbanks is anything but level

10/11/17

The Consumer Financial Protection Bureau was created in part to ensure that nonbanks are subject to federal oversight, but the fact is that 99% of banks are exempt from CFPB supervision.

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Equifax offers breach details; Bank rally needs validation

10/11/17

Hackers accessed driver’s license data on nearly 11 million people, the company says; the rally in bank shares may sputter out if third-quarter earnings reports disappoint.

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M&T's Wilmington Trust to pay $44M to settle allegations of loan fraud

10/11/17

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

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More than 100 financial firms using Ripple blockchain software

10/10/17

Designed to compete with Swift, Ripple announced several new customers Tuesday. The startup says its software allows banks and others to send cross-border payments more quickly, transparently and cheaply.

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