BankThink

Banks and Thrifts with the Largest Securities Portfolios

10/02/17

On Jun. 30, 2017. Dollars in thousands.

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Equifax made major errors that led to hack, Smith concedes

10/02/17

Equifax Inc.’s former chief executive officer said the credit-reporting company didn’t meet its responsibility to protect sensitive consumer information, confirming that the failure to fix a software vulnerability months ago led to the theft of more than 140 million Americans’ personal data.

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Hannah Grove's vision for banks: Always be authentic

10/02/17

Let others debate the meaning of the Fearless Girl statue. To State Street's Hannah Grove, its message to the banking industry was simple: reduce complexity for the average customer and create a more welcoming workplace for all.

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Canadian banks warn of opening access to financial data

10/02/17

Canada's banking industry has issued a warning to government about giving Canadians more control of their own banking data: proceed with caution.

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Bitcoin is not a 'fraud'

10/02/17

The comments by JPMorgan Chase CEO Jamie Dimon on bitcoin demonstrate a distinct lack of understanding of the reality that the virtual currency has an incredible value proposition.

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Bank-issued bitcoin debit cards. No, really.

10/02/17

The explosion of interest in digital assets this year, and the multiplying of their market value, are making cryptocurrency debit cards newly attractive. Banks could partner with intermediaries or issue the cards directly, but obstacles remain before that day can arrive.

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Small mortgage lenders seek exemption from CFPB exams

10/02/17

In a recent letter, two trade groups representing that industry lobbied Treasury Secretary Steven Mnuchin to support a bill that would give oversight of nonbank mortgage lenders exclusively to state regulators.

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Santander Consumer names new CFO in latest shake-up

10/02/17

The Dallas subprime auto lender named Juan Carlos Alvarez de Soto CFO on Friday. He succeeded Ismail Dawood, who had been CFO since December 2015 after working at Bank of New York Mellon.

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'Too big to seriously punish': Comments of the week

10/02/17

Readers comment on the ripple effects of the Equifax breach, who benefits from the CFPB's final arbitration rule, gender-related issues in financial services, and more.

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ABA, banks sue CFPB to block rule; Equifax eyes clawbacks

10/02/17

A number of banks and business groups sue to block prohibition on mandatory arbitration; credit bureau weighs how far back to look in denying compensation.

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