BankThink

One-size-fits-all rulemaking hurts regional banks: M&T’s Wilmers

04/04/17

Because the fates of banks and the communities they serve are so intertwined, the regulatory impacts borne by regional banks are inextricably linked to the repercussions experienced by their customers.

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California First told to substantially reduce its portfolio of leveraged loans

04/04/17

The Office of the Comptroller of the Currency issued the directive following an interim examination.

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JPMorgan's head of new technologies hired by LendingClub

04/04/17

JPMorgan Chase & Co.’s head of new technologies has been hired by LendingClub Corp. as the peer-to-peer lending pioneer seeks to rebuild business following a scandal over its corporate controls.

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Flagstar to buy West Coast mortgage lender

04/04/17

Opes Advisors has 39 locations in California, Oregon and Washington. The firm generated $3 billion in mortgages last year.

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Wells ordered to rehire whistleblower; Dodd-Frank delay

04/04/17

Bank will also pay $5.4 million to former manager who spotted fraud; overhauling Dodd-Frank will have to wait until summer.

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Bank consortium demos leveraged loan trade via blockchain

04/03/17

Coordinators of a financial-industry backed blockchain project say they have successfully demonstrated that the distributed ledger technology can be used to syndication, trade and make payments on leveraged loans.

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Netspend agrees to $53M settlement of FTC allegations

04/03/17

The prepaid card issuer was accused of deceiving customers in ads claiming that getting approved was easy, and funds would be available right away.

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Carson claims HUD budget cuts will be restored in infrastructure bill

04/03/17

Affordable housing advocates are skeptical of claims by the Department of Housing and Urban Development that proposed cuts to the agency's budget will eventually be made up for by additional funding in the infrastructure bill.

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More evidence that rising student debt is bad for banks

04/03/17

New research from the New York Fed confirms a lingering worry for the banking industry: More prime-age, college-educated borrowers are delaying the decision to take out their first mortgage as they focus instead on paying off their student loans.

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How this Texas bank keeps its lenders focused on the long term

04/03/17

Texas Capital ties bankers’ bonuses to loan performance instead of volume. The strategy has aided recruitment and helped the bank achieve exceptional loan growth while keeping credit quality respectable.

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