BankThink

Cordray denies politics influenced payday lending rule

08/30/17

Consumer Financial Protection Bureau Director Richard Cordray said his possible political ambitions did not affect the small-dollar rule, while declining to spell out if he was running for office.

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Amex releases mobile feature in bid to challenge personal lenders

08/30/17

The Pay It Plan It feature allows customers to create payment plans for individual purchases, similar to personal loans. The plans include a fixed fee and no interest.

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SBA's disaster program faces first real test in Harvey

08/30/17

The agency has a relatively new program designed to quickly get funds into disaster-stricken areas. The problem is that many bankers don't know it exists.

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States preparing to pick up slack if CFPB backs down

08/30/17

As Republicans policymakers pursue efforts to revamp the Consumer Financial Protection Bureau and replace its leadership, state agencies are already preparing to fill any vacuum that might ensue if the CFPB steps back.

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How a bank bet on fintech for its digital reboot

08/30/17

First Tennessee took a leap of faith to hire a young digital services company for its overhaul of mobile and online operations, and it says its decision has paid off.

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Fed’s Powell: New plan won’t 'lighten load' for bank boards

08/30/17

Federal Reserve Gov. Jerome Powell defended a proposal aimed at streamlining information presented to bank boards of directors.

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Regulatory relief is not a business strategy. Customer service is

08/30/17

Big banks’ power and influence in Washington ensures that their interests are front and center. But they should spend more of their money on programs and services that engender trust with customers.

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Wells Fargo accused of scamming borrowers on rate lock fees

08/30/17

Wells Fargo forced borrowers to pay millions of dollars in fees to extend interest rate locks that expired due to the bank's delays in processing mortgage applications, a lawsuit claims.

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The boom after the storm; Berkshire exercises B of A warrants

08/30/17

Following short-term disruptions from Harvey, Texas bankers expect a long-term lift to the local economy; Buffett’s company officially becomes the bank’s largest shareholder.

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We're not kidding: The personal loan is back

08/30/17

Sure, personal loans have a long way to go to catch up in market share with other forms of consumer credit, but millennials are relying more heavily on them than their Gen X predecessors while paring back on credit cards and mortgages. Online lenders are a big reason, and banks are exploring ways to adjust to changing habits.

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