News Topic: BankThink

Bankers can either fight the president’s recent order banning diversity training in federal contracts or face reputational risk by complying with it. ... Read full article

The National Credit Union Administration issued a prohibition order against a former employee of Members Exchange Credit Union in Mississippi. ... Read full article

The two government-owned agencies reaped the benefits of the refi boom while loans in forbearance dropped; American Express says it has achieved 100% pay equity for employees. ... Read full article

Fraudsters have increased their attempts to steal data through email scams since much of the financial services sector moved to remote work when the pandemic began. ... Read full article

Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized. ... Read full article

The challenger bank now offers small businesses checking, lending and payments services on one platform and can link them through Plaid to external bank accounts. ... Read full article

Toronto-Dominion Bank, Canada’s largest lender by assets, is giving all full- and part-time employees $500 bonuses as a reward for their efforts during the pandemic. ... Read full article

The lawsuit filed on behalf of the National Association for Latino Community Asset Builders says the rule was based on “an invented evidentiary standard,” and failed to consider consumer protections mandated by Dodd-Frank. ... Read full article

The company is best known for its reciprocal deposit program, but it’s finding new ways to serve banks without competing for their customers. ... Read full article

The proposed regulation would codify a 2018 pronouncement by regulators that guidance does not carry the force of law. ... Read full article

The New York State Department of Financial Services says banks and credit unions under its supervision should limit loan concentrations in vulnerable geographic areas, avoid overexposure to fossil fuel and other legacy businesses and develop financial ... Read full article

The industry has enjoyed lower tax rates and regulatory relief during the current administration, but individual donations from the eight largest banks favor the Democratic nominee by more than 4-to-1. ... Read full article

A Small Business Administration program meant to help struggling entrepreneurs amid the coronavirus pandemic may have sent billions of dollars to scammers or ineligible applicants, the agency’s inspector general said. ... Read full article

Alliance Data plans to make Bread’s buy now, pay later options available to credit card-issuing merchant clients. ... Read full article

Renaud Laplanche's fintech will give borrowers cash back when they lower their loan balances. ... Read full article

A comment by the megabank's CEO could be a teachable moment as financial institutions of all sizes attempt to diversify their ranks. ... Read full article

The additional payments are being halted this month, according to Bill Halldin, a spokesman for the company. They were introduced for eligible staff in March as the coronavirus spread throughout the U.S. ... Read full article

A comment by the megabank's CEO could be a teachable moment as financial institutions of all sizes attempt to diversify their ranks. ... Read full article