BankThink

How the CFPB's Unfairness Doctrine Pushes the Envelope

09/29/16

The Consumer Financial Protection Bureau's proposal not only requires lenders to determine a borrower's ability to repay, but also forces creditors to follow the bureau's approach to making that determination.

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Sales Culture Is Not the Evil It's Made Out to Be

09/29/16

As the Wells Fargo story has played out, pundits have been quick to blame "sales culture" for improper behavior, but that's like blaming automobiles for reckless drivers.

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The Glass Ceiling in Finance: Barely Cracked

09/29/16

It's time that financial institutions in America recognize the value that women can bring to the executive suite and boardroom.

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Morning Scan: SEC Asked to Probe Wells

09/29/16

Receiving Wide Coverage ...

Call in the SEC: Three Democratic senators, led by Sen. Elizabeth Warren, D-Mass., asked the Securities and Exchange Commission to investigate whether Wells Fargo "violated laws by misleading investors and firing whistleblowers while the bank oversaw the creation of millions of unauthorized, fraudulent accounts," according to the Wall Street Journal. The situation at Wells does "justify an investigation into at least three types of securities law violations," according to the letter the...

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U.K. Is Blueprint for How Bank 'Culture' Backlash Will Play Out

09/28/16

If stories like the Wells Fargo scandal are repeated at other institutions, U.S. banks could soon experience the same reputational and regulatory fate of their cousins in the United Kingdom.

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IoT Is Just the Beginning: U.S. Bank's Innovation Chief

09/28/16

A new wave of exciting innovation is presenting businesses with opportunities to improve processes and the consumer experience.

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Morning Scan: Wells Claws Back Bonuses; Goldman Goes Flexible

09/28/16

Breaking News This Morning ...

Deutsche sells insurer: Deutsche Bank, which is under heavy pressure to raise capital, said Wednesday it sold its Abbey Life insurance unit to Phoenix Group Holdings for $1.22 billion. The bank's stock, which hit a 33-year low earlier this week, as it faces a potential $14 billion penalty in the U.S. for allegedly selling toxic mortgage-backed securities, in addition to other problems, including a failed stress test and weak quarterly earnings....

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Wells Scandal Aside, Cross-Selling Has Other Problems

09/27/16

Concerns about cross-selling run deeper than the risk of misbehavior. The practice also has a questionable economic rationale.

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The Big Banks Shouldn't Inherit Our Housing Finance System

09/27/16

The bad-news stories about the largest institutions are worrisome in light of housing finance proposals that could benefit the big banks even more.

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Morning Scan: Tarullo Talks Stress Tests; Deutsche Stock Hit Again

09/27/16

Receiving Wide Coverage ...

Good news, bad news: Federal Reserve Governor Daniel Tarullo had some good news and some bad news for U.S. commercial banks on Monday. First, he said the Fed is proposing easing stress-test requirements for banks with less than $250 billion in assets that don't engage in significant nonbank or international activity. But the central bank is also considering a separate proposal, to be issued sometime next year, that would have the effect...

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