BankThink

Edinburg Teachers Credit Union placed into conservatorship

03/26/21

The Texas-based institution is the third credit union to be taken over by regulators this year.

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H&R Block entering crowded field of challenger banks

03/26/21

Six years after unloading its bank unit, the tax preparation chain wants to diversify by launching a digital account targeting low- and moderate-income households. How will it differentiate itself from upstarts like Chime, Varo and Green Dot?

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Congressional Black Caucus members back Baradaran for OCC job

03/26/21

Mehrsa Baradaran, a University of California, Irvine, professor and former banking lawyer, has worked hard to close the racial wealth gap and could further such goals as head of the Office of the Comptroller of the Currency, wrote 34 caucus members in a letter to President Biden.

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NCUA approves extended comment period for CUSO proposal

03/26/21

The 30-day extension comes after the American Bankers Association requested additional time to consider the rule's impact.

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Lax board oversight, reckless growth led to Kansas bank's failure: Report

03/26/21

A federal watchdog agency determined that Almena State Bank's push into government-backed loans, supported with high-cost wholesale funding, set it up for collapse when significant credit issues arose.

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Post-PPP effect, pay gap disclosures, OCC horse race: Top stories of the week

03/26/21

Exploring whether PPP runoff will expose revenue weakness at banks; Citi, BNY Mellon earn top grades for transparency on how they pay women and employees of color; three new candidates emerge to head OCC; and more from this week's most-read stories.

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Premier Members commits at least $50K to Boulder crisis fund

03/26/21

The Colorado credit union has pledged to match at least $50,000 in donations to a local foundation assisting with the community's recovery following a mass shooting at a grocery store that left 10 people dead.

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Calls intensify for Congress to intervene on Libor

03/26/21

The heads of the Federal Reserve and Treasury are urging passage of legislation that would replace Libor with the Secured Overnight Financing Rate in certain contracts. That would spare banks litigation over trillions of dollars of contracts when Libor expires in 2023.

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For mortgage lenders, changes driven by the pandemic are here to stay

03/26/21

Credit unions were already transforming their home loan operations before COVID-19, but many of the adjustments made as a result of the outbreak are likely to become permanent.

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Time for Fed to tap brakes on relief programs

03/26/21

By purchasing additional assets and securities, the Federal Reserve provided the financial markets with enough liquidity to weather the pandemic recession. But with the economy starting to recover, it needs to reduce such funding before it creates dangerous bubbles over the long term, say two former bankers.

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