BankThink

Life got worse for the have-nots this year. Banks can help change that.

11/13/20

Consumer savings are up, yet so are evictions. Banks need to reach out more to those who are struggling financially, and they could use data as a guide.

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Former UNCLE Credit Union CEO dies at 76

11/13/20

Kathie Kasper spent 24 years at the Livermore, Calif.-based institution, having started as a teller in 1976 and ultimately rising to the level of chief executive.

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Gensler, Bharara are candidates to run SEC, putting Wall Street on edge

11/13/20

Joe Biden's presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the Securities and Exchange Commission: Gary Gensler and Preet Bharara.

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Shelton one step from the Fed; Goldman partnership adds 60 new members

11/13/20

A procedural move by Mitch McConnell sets up a full Senate vote as early as next week; the class is the smallest in two decades, and white men make up the smallest percentage ever.

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Banks could be ripe targets for age-bias lawsuits

11/12/20

A former Fifth Third executive recently accused the company of failing to deliver on a promise to make him president because he’s in his mid-50s. The case offers important lessons in hiring and succession planning as the banking industry cuts costs and seeks out younger, digital-savvy managers.

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FDIC's McWilliams vows to finish her term

11/12/20

The head of the agency told a congressional panel that the agency is taking steps to prepare for the incoming Biden administration and that she plans to serve until her tenure ends in 2023.

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Truebill secures $17M to enhance its personal finance app

11/12/20

The fintech startup, which originally helped users cancel duplicate subscriptions, now wants to encourage healthier financial practices.

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Lower loan balances sticking around for a while, bankers say

11/12/20

Lending opportunities have become scarce, especially with commercial borrowers, and banks are resisting the temptation to relax standards to boost volume.

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CFPB sets stage for long fight on data-sharing rule

11/12/20

As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want data to flow more freely and those who prioritize security.

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Wells Fargo explores selling private-label card unit

11/12/20

Wells Fargo is exploring selling a unit offering store-branded credit cards as the bank chooses businesses to keep or break off in a broad strategic overhaul, according to people with knowledge of the matter.

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