BankThink

Banks Stay Out of the Privacy Debate at Their Own Peril

06/15/16

If banks don't weigh in on an appropriate privacy standard, they risk letting outside events spark onerous new regulations.

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Morning Scan: Synchrony Rattles Markets; Flash Boys Redux

06/15/16

Receiving Wide Coverage…

Credit-quality alert: How are the consumer credit markets doing? To quote the Magic 8-Ball: "outlook not so good."

Synchrony Financial, the largest U.S. issuer of private-label credit cards, said Tuesday that its chargeoff rate is likely to rise by 20 to 30 basis points over the next year, as some borrowers struggle to get on top of overdue payments. Wall Street Journal, Financial Times ...

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Why Banks Can Put GSE Buyback Worries Behind Them

06/14/16

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

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Three Ways to Thwart Hackers' Attempts at Persuasion

06/14/16

Cybercriminals understand psychology just as much as they do technology. Here are steps your bank employees must take to mitigate the risk of phishing and other attacks.

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Morning Scan: New Finra Chief; More Basel Hand-Wringing

06/14/16

Receiving Wide Coverage ... Finra's New Boss: Former Securities and Exchange Commission official Robert Cook will take the helm as chief executive of the Financial Industry Regulatory Authority later this year. The move comes as the self-policing body expands its oversight of stock market trading activities and rogue employees. Though it's historically been criticized by some for levying meager fines against the financial industry, Finra has been flexing its muscle lately, according to the Wall Street Journal.Â...

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Big Banks Will Look More Like Google by 2025

06/13/16

Nonbanks now set the digital banking experience bar, but in less than a decade large banks will have swallowed them up and will have become digital financial superstores.

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A MetLife Victory Won't Solve FSOC's Biggest Problems

06/13/16

Even if the lower-court decision against the Financial Stability Oversight Council is upheld, there remains a compelling case to reform how the council designates large nonbank firms.

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Morning Scan: CFPB's Pricey Ad Campaign; a Basel Gambit?

06/13/16

Wall Street Journal Election season is heating up, but the presidential candidates aren't the only ones shelling out for advertising. The Consumer Financial Protection Bureau is launching its own campaign to educate the public about its online tools and resources. As such, the agency is now devoting a larger portion of its budget to advertising compared with nearly every other federal agency, according to a review of government records by the Wall Street Journal. Â...

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Don't Fall for Scaremongering Over Loan Participations

06/10/16

A recent op-ed warning of the risks to participation holders in bank failures missed several important points about today's loan market.

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Women in Banking: Cathy Bessant on Fintech; Rebecca Mairone Case Reversed

06/09/16

Bank of America's Cathy Bessant talks about the marriage of banking and technology and former Countrywide executive Rebecca Mairone reflects on being one the few people in the industry to face criminal charges in the wake of the financial crisis. Also, could there be an all-female presidential ticket? Now that Hillary Clinton is the presumptive Democratic presidential nominee, some wonder if Elizabeth Warren would consider being her running mate.

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