News Topic: BankThink

The Detroit lender disclosed that the consumer bureau had sent a civil investigative demand to Rocket Homes Real Estate for potential violations of the Real Estate Settlement Procedures Act. ... Read full article

The case stemmed from the credit union's claims that the bank's branding would create confusion among consumers. ... Read full article

Rho initially focused on startups, but now it’s targeting businesses with 100 or more employees. ... Read full article

The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions. ... Read full article

The Arkansas bank is selling two South Carolina branches to a credit union just two weeks after announcing plans to divest its branches in Alabama. ... Read full article

Second-quarter earnings fell by more than 50% from the same period last year after the company allocated $5.1 billion for potential loan losses. ... Read full article

Goldman's revenue rose and its capital ratios improved in the second quarter; BNY Mellon’s stock dropped more than 5% after it said tighter lending margins may last for a while. ... Read full article

The consumer agency alleges Townstone Financial's CEO and president made statements on a radio show discouraging applicants living in Black neighborhoods from seeking home loans. ... Read full article

While most of the public attention has been on Joe Biden's lead in presidential polls, any true overhaul of the bank regulatory landscape hinges on whether Democrats can retake the Senate — and by what margin. ... Read full article

Republicans still receive more money overall from bankers, but the gap is narrowing ahead of the November elections. Experts say that the trend corresponds with signs of a “blue wave” and that many in the industry prefer Democrats on nonregulatory issues. ... Read full article

The Pittsburgh bank says fewer borrowers are asking for help and that many borrowers who received assistance are making payments again. But with the coronavirus pandemic still raging in much of the country, CEO William Demchak and other bankers are ... Read full article

Banks' fear of big penalties, the changing tactics of nimble criminals and a greater openness among regulators to new approaches are among the factors driving big investments. ... Read full article

The Minneapolis company said 75% transactions have been handled online since the pandemic hit. ... Read full article

Some criticized the Fed’s decision to temporarily lift capital restrictions for megabanks, but the move will help ease the crisis. ... Read full article

A top Federal Reserve official is issuing a warning about fast-growing and largely unregulated shadow lenders: They were a big factor in why central banks had to save markets earlier this year, and much more needs to be done to assess the risks posed by ... Read full article

Bankers Healthcare Group, which is minority owned by the Tennessee company, is moving beyond its primary strategy of selling health care originations to community banks and will start marketing pools of loans to investors. ... Read full article

JPM Chase, Citi and Wells put aside an additional $28 billion in Q2 for future loan losses; Fed governor Brainard warns of future risks, but St. Louis Fed chief says the worst may be over. ... Read full article

Goldman Sachs Group made the most of a historic market rebound in the second quarter as the Federal Reserve’s stimulus efforts handed a bonanza to Wall Street trading desks. ... Read full article