News Topic: BankThink

The company has acquired a federal savings association, Mid-Central Federal Savings Bank in Wadena, Minn., which is converting to a national bank. ... Read full article

Richard Pillow will step down after more than four decades in the industry. ... Read full article

Germany’s two biggest banks have dropped Ernst & Young because of ties to the defunct payments company; Wells was charged with failing to account for the costs of switching customers to new investments. ... Read full article

Larry Sewell has also pledged to continue a series of industrywide conversations on race relations. ... Read full article

The agency’s plan to extend the "qualified mortgage" stamp of approval to more loans could help lenders that rely on alternative data and cushion the blow of other QM changes for Fannie Mae and Freddie Mac. ... Read full article

A report from CUES shows total compensation growing for members of the C-Suite, but institutions on the smaller end of the asset spectrum — representing two-thirds of the total industry — face stark differences in median CEO pay. ... Read full article

The card networks, along with PayPal and Citi, are responding to competition from the likes of Affirm, Afterpay and other "buy now, pay later" lenders. Should traditional credit card lenders be worried? ... Read full article

The two institutions have assets of more than $215 million and serve over 12,000 members. ... Read full article

Piedmont Federal Savings is working with historically Black colleges and universities to hire and train prospective commercial lenders and managers who better reflect the community it serves. ... Read full article

A three-stage plan combining data analysis, public disclosure and market-based regulatory intervention would better align financial services with what consumers really need. ... Read full article

The fintech Wealthfront's latest wrinkle gives clients a high level of control over their money, including the ability to set automatic transfers to savings accounts or exchange-traded funds. ... Read full article

The move is part of the effort by lenders and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ... Read full article

The move is part of the effort by banks and other companies to promote racial equity and be more sensitive to the stresses on front-line employees. It also coincides with rising concerns about the postal system’s ability to handle the rush of absentee ... Read full article

The bank said the museum at its San Francisco headquarters will remain open but the other 11 are history; the investigation will look into regulatory failures that may have ignored red flags. ... Read full article

Backers of lawsuits challenging federal charter and interest rate policies for nonbanks say states are sticking up for consumer protection. Others say the legal quagmire could slow efforts to improve the regulatory framework. ... Read full article

A state judge deciding a dispute between Spencer Savings and an investor said the mutual must get an independent review before switching from a savings association to a savings bank. The ruling may complicate mutuals' efforts to make more business ... Read full article

BBVA and U.S. Bank are fine-tuning the search functions on their sites and apps to improve navigation, sales and customer retention. ... Read full article

The division asked for public feedback as it weighs changes "to reflect emerging trends in the banking and financial services sector." ... Read full article