News Topic: BankThink

The regulator is expected to finalize a rule this week allowing credit unions to issue subordinated debt to outside institutional investors. That's bad public policy, the American Bankers Association writes. ... Read full article

Social distancing has put a crimp in the credit union industry's usual philanthropic activities, but many institutions are finding new ways to give back during this festive season. ... Read full article

The eurozone’s conditions on resumed payouts are stricter than those announced by the Bank of England; the central bank has joined the international network on limiting climate change risks. ... Read full article

A new report from McKinsey says that cost-cutting alone won’t make up for the steep revenue declines brought on by low interest rates and sluggish loan demand. “For some banks,” argues the report’s author, “mergers might be the best way out.” ... Read full article

Columbus Metro Federal Credit Union members will have access to more products, including commercial loan services, and 14 branches with the merger. ... Read full article

Federal banking agencies want to give the industry a hard deadline for notifying their regulators about serious security breaches and failed system upgrades. ... Read full article

The Independent Community Bankers of America had planned to hold its annual conference in Hawaii before the coronavirus pandemic hit. ... Read full article

Fifth Third is partnering with Provide and Panacea Financial works with Sonabank in Virginia to meet the specialized needs of medical professionals who own their own practices. ... Read full article

The revamp of the brokered deposits framework offers relief to banks and their partners that saw the prior rule as outdated. Meanwhile, new standards for industrial loan company parents aim to clarify the bank chartering process for fintechs and other ... Read full article

Treasury Secretary Steven Mnuchin has all but ruled out letting Fannie Mae and Freddie Mac exit U.S. control before he steps down, leaving it to the Biden administration to decide the fates of the mortgage giants. ... Read full article

Cardtronics has benefited from a wave of branch closings during the pandemic by partnering with lenders looking to offer their customers access to cash even when a full-scale branch isn’t available. ... Read full article

The Federal Reserve said Tuesday that it had joined the Network of Central Banks and Supervisors for Greening the Financial System after participating in discussions with the group for over a year. ... Read full article

Kelly Schrader will leave the Vancouver, Wash.-based institution on Jan. 1, and Eric Petracca will take over as president and CEO. ... Read full article

The community bank and fintech are offering the first live bank account and debit card that offer rewards in the form of bitcoin. ... Read full article

Waterfall Bank, which has ties to an investment group that handles affairs for family offices, would be based in the Tampa Bay area. ... Read full article

Some credit unions that gave bonuses to front-line staff at the onset of the coronavirus outbreak may be too cash-strapped to offer similar payouts during this latest surge. ... Read full article

The already-struggling commercial property market may face even more problems in 2021; NatWest, joins Lloyds Bank in lowering down payments in a booming residential market. ... Read full article

The mobile banking and paperless habits bank customers picked up during the pandemic are here to stay, and financial institutions are working to strengthen their digital offerings, speakers at an American Banker conference said. ... Read full article