BankThink

U.S. Bank ties perks of high-end card to mobile payments

04/20/17

Banks have long believed that the key to sparking mobile payments is better incentives, but U.S. Bank is taking that to the extreme with a new product that pays triple points for such purchases.

[more]

A look at UMB's decision to sever ties with its funds business

04/20/17

Mariner Kemper, UMB's chief executive, said he struggled with the decision to sell Scout Investments to Raymond James. Selling made more sense than pumping more capital into the beleaguered business.

[more]

Mnuchin targets FDIC powers, Volcker as top reg priorities

04/20/17

Treasury Secretary Steven Mnuchin said fixes to orderly liquidation authority and the Volcker Rule would be included in regulatory recommendations to the president due this summer.

[more]

Tim Sloane

04/20/17

Tim is the Vice President of Payments Innovation at Mercator Advisory Group and guides research in the many complex technologies impacting payments including biometrics, identity management, blockchain, tokenization, IoT, machine learning and cloud technology, to name a few.Tim’s background includes management of a software Research & Development organization that was responsible for developing and certifying international data communications products.

[more]

Proposed Florida de novo clears key regulatory hurdle

04/20/17

The Office of the Comptroller of the Currency has given preliminary conditional approval for Winter Park National Bank, allowing organizers to work on office space, hire staff and raise capital.

[more]

MBA outlines privatization plan for Fannie, Freddie

04/20/17

The Mortgage Bankers Association released a detailed transition plan Thursday designed to help policymakers turn the government-sponsored enterprises into private guarantors of mortgage-backed securities.

[more]

Citi CFO: Student loan market shows signs of overheating

04/20/17

Student loans are showing signs of growing too fast, perhaps the only market flashing a warning even as the economic recovery grows older, Citigroup Chief Financial Officer John Gerspach said.

[more]

Citizens CEO vows 'full scrub' of branch claims, says consumers unharmed

04/20/17

The "Citizens Checkup" program to help customers set financial goals has come under fire, but CEO Bruce Van Saun says it is valuable and "here to stay," and that the criticism of it pales in comparison to the Wells Fargo scandal.

[more]

CFPB, 20 states take sweeping actions against Ocwen

04/20/17

Ocwen Financial and its subsidiaries faced a slew of accusations from federal and state regulators on Thursday, which raised questions about whether the firm could survive.

[more]

Dodd-Frank is not the enemy. Bad loans are

04/20/17

At the heart of the push to roll back the Dodd-Frank Act are claims that the 2010 reform law is killing lending. But these assertions should be backed by data.

[more]