BankThink

'Disappointing' results from Bank of Montreal's U.S. operations

08/29/17

The Canadian bank blamed flat profits at its U.S. business, which includes Chicago-based lender BMO Harris Bank, partly on Washington gridlock that has stalled pro-business reforms.

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Farming an acre is one of the unusual duties at this bank branch

08/29/17

Here’s a community bank that is growing good will with local residents — literally. The staff at an Independence Bank branch in Hopkins County, Ky., tends an acre of farmland before and after work, with their crops going to help feed the needy.

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B of A’s biggest shareholder is now Warren Buffett

08/29/17

His Berkshire Hathaway exercised 6-year-old warrants to buy 700 million shares at an $11.5 billion discount.

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HUD revamps reverse mortgage program fees to stem losses

08/29/17

The agency will charge higher upfront premiums for most Home Equity Conversion Mortgage borrowers while lowering the annual premium.

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Online consumer lender Float shuts down

08/29/17

The startup, which offered credit lines of up to $1,000, hoped to tap into the millennial generation's frustration with overdraft fees.

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CFPB move to split payday rule may help it survive congressional challenge

08/29/17

The Consumer Financial Protection Bureau’s likely decision to pare back its final rule on small-dollar lending may help guard it against a congressional rollback and pave the way for bankers to return to the space.

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Hensarling accuses Cordray of rushing out rules ahead of political run

08/29/17

House Financial Services Committee Chairman Jeb Hensarling, R-Texas, wrote a letter to CFPB Director Richard Cordray calling on him to clarify whether he is running for political office.

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Three fears for banks that share customer data with Facebook, Amazon

08/29/17

Can the internet giants peek at bank data, or eavesdrop on conversations with customers, sent over their gadgets? Here are the facts and the fuzzy areas.

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Simmons buys struggling Arkansas bank after bidding process

08/29/17

Heartland Bank had been operating under a regulatory order from the Fed since December.

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Wayne Savings in N.J. finally taps permanent CEO

08/29/17

The company, which has faced pressure to sell from an activist investor, had been operating with an interim leader since December.

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