BankThink

Some Debt Collections Just Aren't Worth It

08/01/16

Banks should assess a customer's full financial picture before deciding to sell a debt to a third-party collection agent.

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The Case Against the Bank COO

08/01/16

While some institutions find it sensible to appoint chief operating officers to assist the CEO or as part of a succession plan, many others increasingly choose to go without a COO.

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Morning Scan: JPM Exits T-Bond Settlement; Consumer Debt Worries

08/01/16

Wall Street Journal

And then there was one: JPMorgan Chase's decision to stop handling the settlement of U.S. Treasury debt for big bond brokers—leaving Bank of New York Mellon Corp. as the lone firm in the business—has some people worried about how the $13 trillion market will be able to withstand any potential shocks. ...

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Tech-Based Cybersecurity Can't Stop 'People Risk'

07/22/16

Directors and senior executives have a duty to inculcate risk culture into banks so that everyone works as a team to contain cyber and other risks, including the human vulnerabilities within.

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CFPB Small-Dollar Plan: Some Good Ideas, But Not Enough

07/22/16

The Consumer Financial Protection Bureau's plan to rein in payday and other lenders has some noticeable benefits for consumers, but much of the proposal should be revised.

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Morning Scan: JPM to Settle Hiring Probe; PayPal, Visa Make Nice

07/22/16

Receiving Wide Coverage ... Strategic hiring: What's a few jobs among friends? JPMorgan Chase is expected to settle a probe in coming months over alleged efforts to hire the children of powerful Chinese officials and executives in state-owned firms to drum up new business. The bank is expected to pay as much as $200 million and may admit wrongdoing, though it is unlikely to be criminally charged. Wall Street Journal, Bloomberg Â...

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Women in Banking: 'Equity,' Pokemon Go and More Bro Talk

07/21/16

The movie "Equity" about women on Wall Street (backed by Barbara Byrne and other industry women) is coming soon. The internet reacts to the 'Bro Talk' op-ed about Wall Street's objectification of women. The CFSI is pushing for a more holistic financial health metric. Jill Castilla is big on Pokemon Go and tweeting about it to lure people into the branch. Also, Sheryl Sandberg is rethinking parts of her "Lean In" philosophy.

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Regulators' IM Crackdown May Increase Cyber Risk

07/21/16

The Office of the Comptroller of the Currency's recent guidance on internal messaging software could impose significant hardships on banks and runs contrary to prevailing guidance on cybersecurity.

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CFPB Unfairly Controls Debate with Midnight Embargoes

07/21/16

How the Consumer Financial Protection Bureau controls the release of new proposals or rules undermines the public debate over consumer regulations.

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Morning Scan: HSBC Banker Arrested in Forex Case

07/21/16

Receiving Wide Coverage ...

Crackdown: A top banker was arrested on criminal charges Wednesday, but those looking for prosecutions resulting from the financial crisis are still going to be disappointed. Mark Johnson, a top foreign-exchange executive at HSBC is accused of "front running" a currency trade for a client in 2011, which was worth about $3.5 billion. The deal won the bank about $8 million at the time, albeit to the detriment of the company involved....

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