BankThink

CU trades jointly file amicus brief supporting FOM rule

06/28/17

The brief supporting field of membership expansion – in the face of a lawsuit by the American Bankers Association – is a sign of continued collaboration between CUNA and NAFCU.

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How this city is turning ex-cons into banking customers

06/28/17

Lansing, Mich., is working with area banks to open accounts for people coming out of prison.

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Stress test results may not spell relief for big banks

06/28/17

All 34 banks passed the Fed’s CCAR stress test, fueling industry calls to dial back the intensity of the stress tests. But many of the changes have already been internalized by banks.

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Small lenders, consumer groups offer GSE reform alternative

06/28/17

The Main Street GSE Reform Coalition offered three principles: creating a capital buffer for Fannie and Freddie, continuing with reforms by their regulator and ending the conservatorship that began in 2008.

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Entegra in N.C. expanding in Georgia with latest bank deal

06/28/17

The North Carolina company's purchase of Chattahoochee Bank will add a branch and loan production office to its existing operations in northern Georgia.

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Big banks on board with House beneficial ownership bill

06/28/17

The bill would help financial institutions with customer due diligence and identifying corporate beneficial ownership of business customers.

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Bank of McKenney's first bank acquisition will double its size

06/28/17

The $231 million-asset bank in Virginia will also double its legal lending limit when it buys CCB Bancshares.

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PayPal makes investment in a Silicon Valley lender focused on subprime consumers

06/28/17

LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone.

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New credit score models won't work if lenders ignore them

06/28/17

Borrowers can benefit from more inclusive data and tightening of certain credit file standards, but so far lenders continue to rely on older models.

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Credit card issuers face peril from rise in store closures: Report

06/28/17

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service.

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