BankThink

When your teller is also your digital banker

09/21/17

Umpqua Bank is testing a system that would make text-chat, video and voice banking more personable by staffing them with branch workers during their down time.

[more]

Lawmakers to grill Equifax, Wells CEOs in busy week of hearings

09/21/17

The hearings before the Senate Banking Committee have high stakes for both companies, as lawmakers are expected to ask the CEOs whether they should be fired.

[more]

Equifax mismanagement extends to damage control

09/21/17

Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny.

[more]

For First Green, banking pot firms is personal

09/21/17

The Florida bank started researching the business after Ken LaRoe, its chairman, saw how medical marijuana had helped his wife cope with a severe injury. First Green is now turning a profit a year after adding its first pot-related client.

[more]

The <em>real</em> reason home-field advantage threatens foreign banks

09/21/17

Unlike a visiting sports team, foreign banks can't just blame local referees they perceive as biased for penalties or fines.

[more]

Equifax, the gift that keeps on giving; Fed's gift to banks

09/21/17

Did hackers access the credit bureau's computers two months earlier than the company first thought?; the Fed's decision to start unwinding its balance sheet should raise rates and boost bank profits.

[more]

CFPB reveals what new HMDA data will, and won't, be made public

09/20/17

A Consumer Financial Protection Bureau proposal would limit how much Home Mortgage Disclosure Act data is released to the public in an effort to protect consumer privacy.

[more]

Fifth Third partners with casino payments company

09/20/17

The Cincinnati bank says its investment unit is taking an equity stake in NRT Sightline to provide a wide range of banking and payments services to casino operators.

[more]

Citigroup joins corporate climate fight with speedy energy pledge

09/20/17

Citigroup plans to purchase or produce all of its energy from renewable sources by 2020, the company said during Climate Week New York.

[more]

Yellen signals Wells may face more actions

09/20/17

Federal Reserve Chair Janet Yellen said Wells Fargo’s treatment of customers was “egregious and unacceptable," hinting that more regulatory action was likely.

[more]