News Topic: BankThink

Members of the Senate Banking Committee took the agency’s leader to task for eliminating underwriting requirements for small-dollar lenders, which lawmakers said has left consumers more vulnerable during the pandemic. ... Read full article

The pair has joined Morgan Stanley among the roster of global banks pledging to measure the impact their lending decisions have on global warming. Citi also said it would finance $250 billion of low-carbon projects. ... Read full article

Two trade organizations and a consumer group urged lawmakers to establish a three-year moratorium to block the charter bids of companies that they said were attempting to skirt regulatory requirements. ... Read full article

Seven trade groups said they would fight any effort by the agency to establish a tailored license for payments providers such as PayPal, Stripe and Square. ... Read full article

In what was a challenging quarter for the industry, the company reported strong loan growth and a wider margin. Continued momentum will depend on government stimulus, the reopening of New York City and borrowers' ability to make payments after their ... Read full article

Legislation that would force transparency around company ownership would be better than another burdensome anti-money-laundering rule. ... Read full article

The company has renamed itself Prove and says that the acquisition will allow it to help banks fine-tune their security procedures when serving customers. ... Read full article

The accounting and payroll software provider’s QuickBooks Cash account is fee-free and integrates with other products the company offers small businesses. ... Read full article

The programs, which had been set to expire at the end of September, will now run at least to the end of the year; but U.S. payments volume "meaningfully improved" throughout the quarter ... Read full article

The pandemic’s physical distancing requirements appear to have accelerated transaction volume and overall usage of Zelle, the P2P app operated by bank-owned Early Warning Services LLC. ... Read full article

Many of its borrowers have struggled to make payments since the pandemic struck, so it is helping them by suspending debt collections and capping rates on new loans at 36%. ... Read full article

The company's foundation, whose mission had been carefully planned by BB&T and SunTrust before their merger, opened just nine days before the novel coronavirus was declared a pandemic. Here’s what happened next. ... Read full article

The Democratic presidential nominee's plan would require the Federal Reserve to report the actions it is taking through its monetary and regulatory policies to address disparities in income between racial groups. ... Read full article

The enhanced jobless benefits in the coronavirus relief law enacted in March helped limit delinquencies and maintain consumer spending, analysts say. In their follow-up stimulus plan, Senate Republicans want to cut those benefits from $600 to $200 a week. ... Read full article

The housing agency's prior permanent chief, Brian Montgomery, left the position after he was tapped to become deputy HUD secretary. ... Read full article

The company's second-quarter net income was $116 million, with mortgage banking revenue of $239 million. ... Read full article

The pressure is on the fintech, which helps banks make digital loans, to stanch its losses and show its lofty market valuation was deserved. ... Read full article

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021. ... Read full article