BankThink

Fed’s decision on banks’ capital ease; DOJ’s probe of Visa

03/22/21

While the Fed decided not to extend capital easing for banks, it is working on a longer-term fix for calculating banks’ supplementary leverage ratio; the agency is looking at whether the company’s debit card policies for merchants are anticompetitive.

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The big rethink: Credit unions on changes driven by pandemic

03/22/21

Twelve months after the public health emergency began, executives say it forced them to reexamine where employees work, retail strategies, office layouts and more.

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Will PPP runoff expose revenue weakness at banks?

03/21/21

Fees from forgiven Paycheck Protection Program loans are providing a short-term lift, but balance sheets are shrinking and it isn't clear what will drive future growth.

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U.S. weighs global benchmark on climate impact for Wall Street

03/19/21

The Treasury Department and U.S. regulators aim to boost demand for assets that tackle climate change, while preventing companies from making claims that could be considered “greenwashing,” or overstating the significance of emissions reductions and sustainability efforts.

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FICO-free credit card, pot banking penalty, stimulus pay delay: Top stories of the week

03/19/21

Challenger bank TomoCredit rolls out first credit card not tied to FICO score; the first penalty for pot banking violations lands on a credit union; blame Treasury, IRS for delay in stimulus payments, banks say; and more from this week's most-read stories.

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How banks can ace next round of virtual annual meetings

03/19/21

Online and hybrid gatherings last year left shareholders demanding that companies make it easier to join the meetings, ask questions and vote this time around.

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Ex-Fed employee admits to stealing bank stress-test data

03/19/21

A former Federal Reserve employee admitted to illegally taking documents, including bank stress test data, after deciding to leave the board, U.S. prosecutors said Friday.

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Merchants respond to DOJ probe of Visa debit card practices

03/19/21

The Justice Department has already successfully intervened to break up Visa's deal to buy Plaid. Merchants welcome reports that it is looking at Visa's routing practices.

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JPMorgan Chase marketing chief Leslie Gillin said to depart

03/19/21

Gillin joined JPMorgan four years ago to lead the bank’s co-brand credit card business. She was chief marketing officer for about a year.

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