News Topic: BankThink

The central bank and other agencies have come under pressure to be transparent about their use of funds authorized by the recent pandemic rescue law. ... Read full article

The popular videoconferencing service has been beset by security issues, and some banks have banned employees from using it. Are they overreacting? ... Read full article

Discover and Sallie Mae are the latest to report a surge in forbearance requests as households struggle with job loss and other hardships resulting from the coronavirus pandemic. ... Read full article

The bipartisan coalition of AGs said homeowners should be allowed to wait until the end of a loan term to make payments they skipped because of the coronavirus. ... Read full article

The policy move will allow small institutions participating in the Paycheck Protection Program to pledge business loans as collateral to obtain advances. ... Read full article

Get nomination forms and event details for the 2019 Most Powerful Women in Banking and Finance program. ... Read full article

Discover is the latest card lender to say it's reining in credit lines as the coronavirus pandemic leaves millions of Americans jobless and struggling to keep up on loans. ... Read full article

Lawmakers should approve a program to distribute stimulus funds using a government-sanctioned coin, which would be speedier than the current system. ... Read full article

Some say the agencies are exacting too high a price to buy loans from the cash-strapped lenders; some small banks hustled in dealing with the Paycheck Protection Program, others are accused of a hustle. ... Read full article

A backlog has formed since the first round of Paycheck Protection Program funding dried up, threatening to further strain a platform that struggled to handle the initial workload. ... Read full article

Financial institutions could testify before the bipartisan commission overseeing the unprecedented economic aid for industries hit by the COVID-19 pandemic. But without subpoena authority, the panel’s impact may be limited. ... Read full article

The office and retail markets could look very different in the aftermath of the coronavirus pandemic. Here's what it could mean for lenders. ... Read full article

The Federal Reserve’s Main Street Lending Program is meant to be a lifeline for midsize businesses, but two weeks after its unveiling, those firms and their lenders remain on edge about what strings will be attached. ... Read full article

The Ohio company, which bought United Community Financial in February, will start operating as Premier Bank later this summer. ... Read full article

More than a dozen firms have struck agreements with nine states to provide forbearance to customers struggling to make payments in the midst of the coronavirus pandemic. ... Read full article

Banks had an opportunity to delay compliance with the new accounting standard, but many opted to move forward to get ahead of credit issues that could arise from the coronavirus outbreak. ... Read full article

Firms that create virtual assistants for financial institutions are training their bots to answer questions about the pandemic and relieve phone lines from a barrage of customer calls. ... Read full article

New York City pensions are pushing to remove Lee Raymond, JPMorgan Chase's longest-serving director, from the bank's board because of his track record on climate change. ... Read full article