News Topic: BankThink

Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and ... Read full article

ViZ Bank would eventually have branches across several major U.S. cities, including Dallas, Denver and Atlanta. It would also offer a program to help former inmates build savings and establish credit. ... Read full article

The Fed's faster payments platform may well roll out in three or four years, but by then it will already be outdated. ... Read full article

The company sold major stakes in Wells, JPMorgan, Goldman and others but increased its BofA holding; Shundrawn Thomas says the asset management business needs more Black and Latino representation at the top. ... Read full article

Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus. ... Read full article

The bank has recouped part of the payment, which it blamed on a clerical error, but some of the lenders say they were owed the money in connection with an ongoing dispute. ... Read full article

Lenders hope Congress grants blanket forgiveness for smaller Paycheck Protection Program loans; fee to shield Fannie, Freddie from COVID losses draws instant backlash; what Trump’s reelection would mean for banks; and more from this week’s most-read ... Read full article

A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the measure conflicts with federal law and are working behind the scenes to stop it. ... Read full article

A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S. Postal Service's ... Read full article

A pioneer in the commercial mortgage-backed securities market argues the HOPE Act would bail out savvy investors who don't deserve it. Barclays predicts that kind of attitude will make passage difficult. ... Read full article

Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks. ... Read full article

Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016. ... Read full article

The Canadian bank is doing something few U.S. institutions have done: build an online hub with tutorials designed expressly to simplify the online banking process for newcomers. ... Read full article

The Pennsylvania company recruited John Montgomery from First Bank in St. Louis to take the helm on Aug. 31. ... Read full article

The 50-basis point charge drew an immediate backlash from mortgage lenders; Mike Roemer is leaving after two years on the job and will be replaced by Paula Dominick of Credit Suisse Americas. ... Read full article

Ulule is working with Bank of the West to build name recognition. It hopes to collaborate with other banks and credit unions as it vies with larger companies such as Kickstarter and GoFundMe. ... Read full article

The executive shuffle at the company continues as Chief Compliance Officer Mike Roemer quits and Credit Suisse America’s Paula Dominick is hired, according to a Financial Times report. ... Read full article

The federal banking agencies clarified that minor violations of Bank Secrecy Act rules will typically not result in a cease-and-desist order. ... Read full article