BankThink

Ripple fights back against SEC securities complaint

02/01/21

The software company in a court filing reiterated its argument that XRP is a virtual currency that doesn't need to be registered.

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NCUA’s Harper taps former CFPB official as chief of staff

02/01/21

Catherine Galicia formerly led the Consumer Financial Protection Bureau's legislative affairs division, and has extensive experience in banking and on Capitol Hill.

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TCF buys equipment finance business from Truist

02/01/21

The Detroit company, which recently agreed to be sold to Huntington Bancshares, gained $1 billion in loans and roughly 60 employees.

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Pandemic drives small Scranton credit union to merge

02/01/21

After rising losses in 2020, First Credit Union of Scranton is seeking members' approval to merge into Penn East FCU.

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Data needed on racial makeup of banks' workforces

02/01/21

Laws like the Home Mortgage Disclosure Act require banks to report detailed demographics of borrowers to ensure fair lending practices. If banks are serious about promoting diversity, then they should commit to revealing similar details about their own employees.

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Bank regulation focus to shift under Biden; still life for cash?

02/01/21

The administration is expected to stress financial access and consumer protection; economists differ whether the move away from cash was a temporary response to Covid or long-lasting.

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Credit union groups start small in returning to live conferences

02/01/21

Some in the industry are planning in-person events, but the largest meetings are still unlikely to reconvene for a while.

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Should energy lenders fear Biden's climate policies?

01/31/21

For now, banks say they have no plans to curtail lending to oil and gas firms, but recent moves by the new administration — including a halt in drilling on federal land and an effort to stop the Keystone XL Pipeline — could cause them to re-evaluate their long-term commitment to the fossil fuel industry.

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Regulators extend comment period for First Citizens-CIT merger

01/29/21

The Federal Reserve said its decision to accept input for several more weeks reflects the logistical challenges presented by the coronavirus pandemic.

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How Democrats could gain control of FDIC’s agenda

01/29/21

Trump appointee Jelena McWilliams is slated to be the agency's chair until mid-2023. But legal experts say a provision in the FDIC’s bylaws gives Democratic members of the governing board, now in the majority, an opening to reverse earlier rules championed by Republicans.

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