BankThink

Biden's plans for payday loans and crypto take shape

01/20/21

The 46th president's agenda for financial regulation is already moving ahead, based on the people he's chosen to put in key roles.

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Visions FCU donates to help launch racial justice institute

01/20/21

The credit union announced a $1 million commitment to the New Jersey Education Association spread over 10 years, with the first installment helping expand the group’s Human and Civil Rights Division.

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PPP redux off to smooth, but slow, start; banks suffer from weak loan demand

01/20/21

Lenders are expecting strong demand for the small business loans, especially for second-timers; a steeper yield curve is helping profits, but stronger loan growth would help even more.

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New year, little change in credit union auto lending outlook

01/20/21

After a slowdown in 2020, inventory shortages and other factors could make the months ahead a grind for many lenders.

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Rakuten mounts third attempt for industrial bank charter

01/19/21

After withdrawing two previous bids, the e-commerce company submitted an application to the FDIC outlining a significantly simpler business model for a proposed industrial loan company.

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California's DFPI issues subpoenas to debt collectors

01/19/21

The state agency alleged potential violations of “unlawful, unfair, deceptive or abusive” practices by a dozen companies.

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First Busey to expand around Chicago with acquisition

01/19/21

The Illinois company will pay $191 million for the parent of Glenview State Bank.

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Altabancorp in Utah faces calls to sell from its biggest shareholder

01/19/21

Members of the Gunther family who own nearly a third of the company's stock are urging the board to consider strategic alternatives.

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Western Union stores join MoneyGram under Walmart's roof

01/19/21

The pandemic has made for strange bedfellows. Case in point: Western Union and MoneyGram will soon share Walmart as a landlord.

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FHFA asks for input on GSEs' exposure to climate change

01/19/21

In a request for information, the agency sought feedback on how it should prioritize climate risks as part of its supervision of Fannie Mae, Freddie Mac and the Federal Home Loan Banks.

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