BankThink

As CFPB closes door on payday, OCC opens one for deposit advance

10/05/17

The world of short-term lending was shaken up Thursday as one regulator issued a rule cracking down on payday loans while another made it easier for banks to offer an alternative product.

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Dodd-Frank thresholds have ‘perverse effect,’ says acting comptroller

10/05/17

Acting Comptroller of the Currency Keith Noreika on Thursday called for steps to ease the asset thresholds that determine whether banks are subject to certain provisions of the Dodd-Frank Act.

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Talk of the town: A toast to Women in Banking

10/05/17

American Banker’s Most Powerful Women in Banking and Finance gathered Wednesday to celebrate honorees and to mix and mingle over cocktails at Milk Studios, with a panoramic view over Manhattan.

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Metropolitan Commercial Bank in N.Y. to hold IPO

10/05/17

Metropolitan in N.Y. plans to use its IPO proceeds to fuel CRE and commercial loan growth

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Iberiabank warns of 3Q costs from hurricanes and energy exposure

10/05/17

The Louisiana company also set aside funds to cover efforts to settle litigation tied to its mortgage business.

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'Gov. Cordray'? Ohio bankers hedge their bets

10/05/17

While disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.

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BMO and TD lead peers in pot accounts

10/05/17

Bank of Montreal and Toronto-Dominion Bank are emerging as the banks of choice for Canada's burgeoning marijuana industry, even as some lenders shun the sector.

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Senate confirms Quarles as first Fed vice chair of banking supervision

10/05/17

Randal Quarles was confirmed 65 to 32 as a Fed governor, and by voice vote as the vice chairman of banking supervision.

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Credit fintechs will wither, but small-business lending will prosper

10/05/17

Small-business credit is poised for a shakeout. In the coming months, partnerships between banks and fintechs will increase, and credit models will be refined.

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Operationalizing machine learning for fraud

10/05/17

Emerging channels and payment types have created a new ecosystem of risk, and legacy systems cannot keep up. By now it’s clear that machine learning is the answer for fighting fraud at scale. While organizations are excited about the enormous potential of machine learning in the fight against fraud, they also have questions about where they should begin, and what they should look for. Read this free 11-page report and get actionable insights to help you create a strategy for taking charge of the AI disruption that’s well underway.

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