BankThink

CFPB Payday Plan Thwarts Success of State Laws

06/23/16

The Consumer Financial Protection Bureau should have looked more closely at states like Colorado that protect consumers from true predatory lenders while still preserving access to credit.

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The Newest Threat for Community Banks: Illiquid Bonds

06/23/16

Smaller institutions have added steadily to their holdings of securities that, while earning them a higher return, are more difficult to trade or liquidate.

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Morning Scan: Tough Talk from Lawsky's Successor

06/23/16

Receiving Wide Coverage ...

No boots: She might not be "Clint Eastwood," but she's about to get pretty familiar with the good, the bad and the ugly when it comes to banking.

Maria Vullo, the top financial regulator in New York, warned the banking industry Wednesday that she has no intention of going "easy on serious misconduct." The comments were part of her first public remarks since assuming the role, after being confirmed by the state Senate...

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Banks Should Be Optimistic About Their Fintech Future

06/22/16

Contrary to doom-and-gloom attitudes of some about banks' ability to compete for millennials' business, the industry will build on its history of innovation to meet the technology needs of future customers.

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If Past Is Prologue, Regulators Hear Small-Bank CECL Concerns

06/22/16

Evidence that regulators consider institution size when evaluating accounting compliance should encourage banks worried about the new loan-loss reserving standard.

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Morning Scan: Yellen's Not Out of the Hot Seat Yet

06/22/16

Receiving Wide Coverage ...

Shaky at best: If you're looking for definitive answers on the state of the economy, best consult your local fortuneteller.

Federal Reserve Chair Janet Yellen gave current economic conditions a mixed review before the Senate Banking Committee on Tuesday, citing "considerable uncertainty." Wall Street Journal, New York Times, Financial Times, Washington Post ...

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CFPB Should Regulate, Not Eliminate, Prepaid Cards

06/21/16

Consumers deserve disclosure and the protections enjoyed by payroll card users, but it is critical that regulations do not put providers out of business.

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We Have Tools to Revive Homeownership — It's Time to Use Them

06/21/16

Steps to improve credit access, evangelize for down payment programs and offer borrower counseling can stop and even reverse the decline in homeownership.

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CRA Goals Are the Casualty of CIT-OneWest Merger

06/21/16

The ultimate approval of the CIT-OneWest merger by regulators represents a giant step backwards for the Community Reinvestment Act.

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Morning Scan: Fed's Big 'Stress Test' Reveal Ahead

06/21/16

Receiving Wide Coverage ...

The Federal Reserve has a way of injecting "stress" back into the term "stress tests" — at least for Bank of American and Citigroup, which have both stumbled during the examinations in recent years.

An analysis by the Wall Street Journal finds that the two banks could have returned as much as $24 billion more to shareholders if the level of dividends and share buybacks they offered had matched those of competitor Wells...

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