News Topic: BankThink

The court's decision not to consider an appeal from the American Bankers Association is likely to be the last step in a legal saga dating back to 2016. ... Read full article

Thanks to their close relationship with the card networks, banks stand to benefit most from deals like Mastercard’s agreement to buy Finicity and Visa’s pending purchase of Plaid. The prospects for fintechs and consumers are dicier. ... Read full article

The Supreme Court threw out a key statutory provision concerning the agency’s leadership structure, but the presidential election and possible legislative reforms could bring about more changes to the embattled bureau. ... Read full article

Goldman Sachs, the card’s issuer, has rolled out a new program in which it will provide personalized advice to consumers with marred credit profiles in hopes of making them customers down the road. ... Read full article

A spike in demand has led to a bigger emphasis on innovative solutions for the digital payments market. ... Read full article

In a split 5-4 decision, the justices gave presidents new power to remove the agency's head at will. The ruling could have far-reaching implications for other regulators with single directors. ... Read full article

The company announced a slate of changes on Monday that includes the creation of a new position overseeing strategy for corporate and commercial banking. ... Read full article

The agency wants more timely information on the banks it supervises; investors filed a criminal complaint against Ernst & Young, calling their work “a disaster” for failing to expose the scandal. ... Read full article

Two years after a consumer protection law changed how banks and other companies handle customer information, a new proposal aims for more sweeping reforms. ... Read full article

Some observers said the central bank should have suspended dividends entirely in response to an unprecedented economic emergency caused by the pandemic. Others said its more cautious moves were appropriate because big banks' capital is strong and the ... Read full article

Wells Fargo customers targeted with phishing attacks using calendar invites; Fed freezes stock buybacks, caps dividends after stress test results; Citigroup names Titi Cole its head of global operations and fraud prevention. ... Read full article

Citizens Bank and Citigroup are among the financial institutions plugging away at a service that has gained little traction among customers. ... Read full article

While they are not dramatically opposed, Jelena McWilliams and Brian Brooks have articulated their own ideas on postal banking and the use of artificial intelligence in lending. ... Read full article

JPMorgan Chase is cracking down on racism by its customers. The bank is revamping a policy for dealing with abusive clients to include racism toward call-center employees as behavior that could warrant cutting ties with the customers. ... Read full article

The Loan Source, the nonbank lender buying the Paycheck Protection Program loans, has similar deals in place with other lenders. ... Read full article

Now perhaps more than ever, banks and their proxies need to show tact when communicating with past-due borrowers. ... Read full article

Ezequiel Szafir, CEO of Banco Santander's digital-only Openbank, sees banks of the future looking increasingly like Amazon.com — with online storefronts for financial products. ... Read full article

The Fed stopped short of banning payouts entirely following bank stress tests; banks get greater freedom to invest in venture capital funds and reduced collateral on swap trades. ... Read full article