BankThink

Is the Fed’s community banker seat worth the trouble?

08/02/17

The Federal Reserve Board has to have a community banker among its members. But that may be complicating the president's ability to fill vacant seats at the central bank.

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Beware the return of the ILC

08/02/17

Events of the past decade demonstrate that further tearing down firewalls between banking and non-banking businesses would be a huge mistake.

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CFPB fines JPM $4.6M for checking account denials

08/02/17

The Consumer Financial Protection Bureau ordered JPMorgan Chase to pay a $4.6 million fine for failing to provide accurate information when denying checking account applicants.

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High-cost installment loans: No improvement over payday loans

08/02/17

With the environment in Washington favoring deregulation, banks are pushing regulators to let them back into the payday lending game. They should know better.

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Stop ATM fees on unemployment aid, consumer advocates say

08/02/17

Six states and D.C. still charge in-network fees when unemployed workers cash in assistance delivered through prepaid cards.

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Syndicated loans looking safer, with two notable exceptions

08/02/17

In their biannual Shared National Credits Program report, regulators said that banks' exposure to leveraged loans and the oil and gas sector remained a source of concern.

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USAA lets members bare their financial souls to Alexa

08/02/17

Customers can ask Amazon’s virtual assistant about account balances, spending habits and financial questions that they may be too embarrassed to ask a human.

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Big Three credit raters tighten their grip after ducking reform

08/02/17

The post-crisis swing in the regulatory pendulum changed Wall Street forever, but it's not clear how much life changed for the umpires of credit, despite a few regulatory tweaks.

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JPM, other lenders kept loan buyers in dark about probe, lawsuit says

08/02/17

JPMorgan Chase is among four banks sued by a trustee for investors in the debt of Millennium Health LLC, alleging the lenders failed to inform them of a federal probe into the billing practices of the borrower.

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Veritex continues buying spree with deal for Liberty in Fort Worth

08/02/17

The Texas company agreed to buy Liberty Bancshares on the same day it completed its purchase of the $1 billion-asset Sovereign Bancshares.

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