BankThink

Senate confirms Kyle Hauptman to NCUA board

12/02/20

The confirmation ensures Republicans will hold the majority vote at the credit union regulator until at least 2023.

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Fed asking why banks aren't lending more

12/02/20

Vice Chairman of Supervision Randal Quarles said the agency wants to figure out why banks are holding on to capital that could be used more aggressively to respond to the pandemic.

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Will Smith, Justin Timberlake among investors in digital bank Step

12/02/20

The challenger bank aimed at Gen Z and counts singers, sports professionals, a social media personality and fintech executives among its investors.

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Lend to those with low credit scores to lift downtrodden neighborhoods

12/02/20

People with scores below 500 are often in communities that suffer the most from economic hardship and violence. Banks and regulators can do more to qualify them for financing, ultimately creating healthier local economies.

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Challenger bank Digit takes on robo-investing

12/02/20

As it does with savings, Digit's algorithm calculates how much users can siphon off their earnings into retirement without missing the funds.

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Legislators float separate stimulus bills; European bank bonds rally

12/02/20

A bipartisan group proposed a $908 billion measure while Mitch McConnell unveiled his own plan; the rally has pushed borrowing rates to their lowest levels since the pandemic started.

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Banks take harder look at expenses

12/01/20

First Horizon, TCF and Webster are among the banks eyeing efficiency initiatives that could include more branch closings, layoffs and reduction of office space. Expect others to follow suit as low rates and tepid loan demand tied to the pandemic pressure revenue.

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Trade group seeks underlying data behind OCC's 'fair access' proposal

12/01/20

The Bank Policy Institute submitted a Freedom of Information Act request to the Office of the Comptroller of the Currency requesting the agency's analysis used in crafting the plan.

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Diversity programs force Americans to face uncomfortable truths

12/01/20

Controversies over trainings that address white male privilege detract from the important role DEI initiatives play in helping the country move forward.

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Online lender LendUp launches challenger bank

12/01/20

Like LendUp, a small-dollar lender, Ahead Financials is targeting consumers who are gainfully employed but have blemished credit histories.

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