BankThink

How the CFPB can better regulate data sharing

03/10/21

As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs.

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Huntington's Harmening set to take helm at Associated

03/10/21

Andrew Harmening, who oversaw Huntington's digital strategy, will succeed the retiring Philip Flynn as president and CEO of the Wisconsin regional bank in April.

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SoFi's California bank buy; gridlock plagues PPP’s final weeks

03/10/21

The fintech hopes the move, if approved, will accelerate its plan to become a national bank; lenders say they have too many applications already to deal with last-minute SBA revisions.

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In pot banking, bigger isn't always better

03/10/21

With national banks awaiting federal decisions on marijuana banking policy, smaller institutions can capitalize on local laws. That’s the theory Colorado Ventures is putting to the test with a $5 million investment in AeroPay, which banks with Partner Colorado Credit Union.

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Who’s who among Biden’s financial regulators (so far)

03/09/21

Some nominees poised to take their agencies in a new direction appear headed for Senate confirmation while an intraparty squabble has delayed the administration’s choice to lead the Office of the Comptroller of the Currency. Here’s the roster update.

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Regionals aren’t rushing to repurchase shares

03/09/21

Comerica, Regions and KeyCorp executives say their companies will proceed with caution despite the green light from the Federal Reserve to buy back stock in case they have to cover a surge in loan growth as the economy recovers.

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ProFed Credit Union's new CEO started as a teller

03/09/21

Konstantina Baker has been appointed to lead the Fort Wayne, Ind.-based institution following the retirement of longtime CEO Gregory Troutner.

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Bankers ask NCUA to extend comment period on CUSO proposal

03/09/21

The American Bankers Association has requested more time to respond to a proposal that would expand lending authority for credit union service organizations.

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Citigroup top lawyer who steered bank through mortgage crisis retiring

03/09/21

Citigroup’s general counsel, Rohan Weerasinghe, told the bank that he will retire by the end of the year after almost a decade in the role.

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Too many small banks are 'digital have-nots': FDIC innovation chief

03/09/21

Community banks with meager tech budgets need help identifying the right systems for institutions their size and finding good partners, says Sultan Meghji, who recently joined the Federal Deposit Insurance Corp. in this newly created role.

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