BankThink

Ten Years On, Bankruptcy Reform Proves a Bipartisan Triumph

10/16/15

The reform has returned bankruptcy to its intended function as a last resort for consumers, rather than a way for the wealthy to game the system at everyone else's expense.

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CFPB Payday Plan Will Hurt Those It Seeks to Help

10/15/15

The bureau's proposed standards would drive lenders out of short-term, small-dollar lending, just as the OCC's 2013 rules did. This time, however, there will be few, if any, regulated institutions left to fill the void.

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A Chip Without a PIN Is Asking for Fraud

10/15/15

The U.S. might be ahead of the rest of the world in some areas of security, but when it comes to protecting against credit card fraud, we're way behind.

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Morning Scan: B of A, Wells Fargo Offer Optimism; Square's Starbucks Experience

10/15/15

Receiving Wide Coverage ...

B of A, Wells Offer Hope: After JPMorgan Chase's disappointing third-quarter earnings report, Bank of America and Wells Fargo followed up with some better news. The Charlotte, N.C., and San Francisco banks issued their earnings on Wednesday and each offered some nuggets of promise.

B of A's trading revenue didn't suffer as much as JPMorgan's did. Expenses decreased, thanks in no small part to a decline in legal expenses. The number of charged-off...

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After Four Years, Durbin Amendment Still Failing Consumers

10/14/15

This week marks the fourth anniversary of the "Durbin amendment," a defective law directing the Federal Reserve to impose price-controls on debit interchange fees.

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Morning Scan: JPM's 3Q Revenue Weakness; Reasons for Dismantling GE Capital

10/14/15

Receiving Wide Coverage ...

An Ominous Sign: JPMorgan Chase's third-quarter results do not bode well for the rest of the banking sector. Revenue fell in all of JPMorgan's major businesses, dropping at a faster rate than analysts had projected. Trading was down, as was asset management, mortgage banking, commercial banking and consumer banking. Sluggish results were expected, because of the current interest rate environment, according to the "Heard on the Street" column. Any progress in the...

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How Lenders Can Avoid Falling Victim to Millennial 'FOMO'

10/13/15

To better serve millennial mortgage customers, lenders would be helped by understanding how the "fear of missing out" mentality drives this generation's consumer culture.

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Morning Scan: Barclays Eyes Ex-JPM Banker Staley for CEO; Weak Bank Earnings Forecast

10/13/15

Receiving Wide Coverage ... Is Staley the Choice of Barclays? Barclays will name Jes Staley its chief executive, as yet another former JPMorgan Chase banker is tapped to lead a financial-services institution. Unnamed sources told the Wall Street Journal, New York Times and Financial Times that Staley will be appointed in the next two weeks, pending regulatory approval. Â...

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The Great Rebundling of Financial Services

10/12/15

Banks are being "unbundled" by challengers in numerous business lines, but they can recapture the relationship with the help of technology and the right mindset.

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What Loan Officers Can Learn from Carly Fiorina

10/12/15

2016 Presidential candidate Carly Fiorina telegraphs a message that the mortgage industry would do well to heed.

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