BankThink

The Other Fannie and Freddie Lawsuit

10/03/14

It's time for the Federal Housing Finance Agency to make good on Fannie Mae and Freddie Mac's funding obligations to two affordable housing programs.

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Harry Potter and FDIC Wizardry in Failed-Bank Lawsuits

10/03/14

A federal judge has dismissed an FDIC lawsuit against directors and officers of a failed North Carolina bank. The ruling has big implications for future cases that seek to hold senior bank management accountable for financial crisis-era failures.

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Morning Scan: JPMorgan Joins the Mega Breach Club; Bernanke's Refi Denied

10/03/14

Receiving Wide Coverage ...

Hack Attack at JPMorgan: JPMorgan Chase is the newest member of the mega breach club. The bank disclosed in a Thursday regulatory filing that hackers stole the names, email addresses, phone numbers and mailing addresses of 76 million households and seven million small business customers this summer. JPMorgan is assuring customers that it has seen "no unusual fraud activity related to this incident" and says "there is no evidence" that hackers were...

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Official or Not, Community Banks Face Heightened Expectations Too

10/02/14

Examiners will not require community banks to adhere to new risk governance standards, but they are likely to expect community bank boards to incorporate the guidelines' fundamental principles into their oversight.

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When Chasing New Customers, Respect the Old Ones Too

10/02/14

The fact that a customer has been with your bank for an extended period of time may not be as predictive of their future decisions as you think.

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Don't Neglect Your Bank's Customers in Pursuit of New Ones

10/02/14

The fact that a customer has been with your bank for an extended period of time may not be as predictive of their future decisions as you think.

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Morning Scan: BofA CEO Moynihan Named Chair; Dark Days for GSE Shareholders

10/02/14

Receiving Wide Coverage ...

Moynihan's Next Move: Bank of America chief executive Brian Moynihan received a vote of confidence from the bank's board of directors Wednesday as he was appointed to the additional role of chairman. The roles had been split at Bank of America since 2009, when then-head Ken Lewis was stripped of his chairman title. Chad Holliday, who Moynihan succeeds as chairman, will remain on the board. The Financial Times focuses the potential downside...

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Why Volcker Rule Compliance Is a Fool's Errand

10/01/14

The complexity of the Volcker Rule means that it will be nearly impossible for banks to comply with its requirements within set time framesÂ--and regulators risk wasting a lot of time trying to enforce the unenforceable.

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What Branchless Banking Means for the CRA

10/01/14

As the industry turns to online-only banking and partnerships with third-party retail distributors, it's getting harder to use geographical boundaries to define the communities that banks serve. That's why the CRA needs an update.

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Morning Scan: eBay Loves PayPal, Sets It Free; Wall Street's Gender Gap

10/01/14

Receiving Wide Coverage ...

If You Love PayPal, Set It Free: The split between eBay and PayPal appears to be the celebrity breakup of the business world, prompting excited speculation and in-depth analysis. eBay says the payments landscape has changed significantly in recent months and that the companies' parting of ways will "free PayPal to more easily reach agreements with companies that compete with eBay's online marketplace," thereby eliminating potential conflicts of interest, the Wall Street...

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