BankThink

Democrats seek forgiveness on flood program's $25 billion debt

03/09/17

The debt is costing taxpayers $4 billion a year, but rather than forgive it Republicans remain focused on creating a private flood insurance market.

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CFPB delays implementation of final prepaid rule, citing complaints

03/09/17

The Consumer Financial Protection Bureau said Thursday that it will delay the effective date of its final rule on prepaid cards by six months because industry participants need more time to comply.

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What’s behind the curious rise in bank auditing woes?

03/09/17

A number of small banks have disclosed material weaknesses in loan-loss accounting and other procedures. Reasons vary, but a common thread appears to be that accounting firms are facing pressure to beef up their scrutiny of internal controls in financial services.

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Trump discussed Cordray's future in community bank meeting

03/09/17

In his meeting with community bankers, President Trump openly pondered the fate of CFPB Director Richard Cordray with his advisers and appeared eager to quickly fix industry concerns through executive orders.

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Are crypto ‘tokens’ securities by another name?

03/09/17

The question is more than academic. At stake is the role blockchain technology can play in lowering the costs of raising money.

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Is it OK for lending algorithms to favor Ivy League schools?

03/09/17

By relying heavily on where a borrower went to college, online lenders may run afoul with regulators and could be missing out on good credits.

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Why banks are dedicating more time to courting older customers

03/09/17

Seniors typically have stellar credit and can be a good source of deposits in a rising rate environment.

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Citi names Piazza permanent head of fintech unit

03/09/17

Yolande Piazza has been serving in the role on an interim basis since Heather Cox left for USAA.

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The Fearless Girl; Lessons from B of A's Smith, Bessant

03/09/17

State Street makes a statement with a statue of a girl staring down the Wall Street bull; Bank of America's Andrea Smith and Cathy Bessant share lessons learned early in their careers.

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Sturm Financial in Colorado taps president as its next CEO

03/09/17

Koger Propst was also named CEO of the company's $2.6 billion-asset ANB Bank.

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