News Topic: BankThink

A New York CDFI is halfway to its $100 million fundraising goal for a fund that would put deposits in Black-owned banks and make loans to key businesses or projects. It hopes the moves will improve availability of capital and access to mainstream financial ... Read full article

Institutions considering new technologies must ask themselves what they're looking for not just from a product but from a partner. ... Read full article

The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies. ... Read full article

The bank's Pershing unit is using fingerprint and facial recognition technology on Apple devices to protect user access to its desktop software. ... Read full article

A plan to merge the $5.5 million-asset credit union into Cal-Com FCU will provide additional services for members while also easing the process of replacing several employees who plan to retire this year. ... Read full article

Wallace Watanabe spent more than 40 years at the Honolulu-based credit union, including serving as CEO from 1992 until his retirement in 2013. ... Read full article

Two bills — one providing relief from a loan accounting standard and another extending forebearance measures — would collectively contain credit losses. ... Read full article

Investment banking and trading income hit an eight-year high, buoyed by heavy pandemic-fueled borrowing; the division’s revenue has jumped as it poaches advisors from rivals. ... Read full article

Texas Trust Credit Union boosted loan volumes with marketing tool inspired by “Game of Thrones,” but gamification strategies can be risky due to data privacy concerns. ... Read full article

The New Jersey company will add three branches in the northern part of the state as part of the transaction. ... Read full article

The company also plans to shed some corporate office space by the end of this year. ... Read full article

Several community banks are warning Congress that their participation in the Paycheck Protection Program could cause them to cross a threshold that may lead to, among other things, supervision by the CFPB and a cap on interchange fees. ... Read full article

Victories in Massachusetts earlier this week bring the Credit Union Legislative Action Council to a 96% success rate backing races in this election cycle. ... Read full article

When it comes to branch cleanliness and mask-wearing, the San Francisco bank is more diligent than its rivals in helping to reduce the spread of coronavirus, according to a new study. ... Read full article

The bank is selling $355 million of Paycheck Protection Program credits to the Loan Source, a nonbank lender that is also buying PPP loans from three other banks. ... Read full article

The purchase-and-assumption transaction, if approved, would become the first credit union-bank merger in Alabama. ... Read full article

Many community banks, like Peoples Community in Wisconsin, say they proceeded despite the technological challenges presented by social distancing because the crisis has exposed the shortcomings of their digital systems. ... Read full article

With on-site supervision off the table indefinitely, various credit union trade associations have suggested how NCUA could improve remote exams, including issues related to exam timelines and cybersecurity. ... Read full article