BankThink

Partisan gridlock appears intact. Why that's good for banks.

11/06/20

A final Senate breakdown still depends on the outcome in a few key races, but with Republicans closer to keeping power, Democrats' proposals to cap interest rates, create a postal banking system and establish a public credit reporting agency are likely dead on arrival.

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PPP effect on SBA lending, CFPB's debt collector rule, Biden's reg options: Top stories of the week

11/06/20

In a year with the Paycheck Protection Program, big banks tap brakes on SBA lending; what debt collectors can and can't do under CFPB rule; a look at who might craft regulatory policy in a Biden administration; and more from this week's most-read stories.

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Can AI eliminate bias in banks' hiring decisions?

11/06/20

Vendors such as eFinancialCareers, Paradox and pymetrics work with banks to assess job applicants based on their skills and not other factors. But the technology has its limits.

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Consumers are anxious. Credit unions can be a calming force.

11/06/20

The industry has an opportunity to build deeper relationships with members right now by communicating in a proactive and empathetic way.

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Regulators tell banks they can choose any replacement rate for Libor

11/06/20

The statement comes after multiple small and midsize institutions earlier this year warned the agencies that the secured overnight financing rate was ill-suited to them.

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CFPB investigating Regions’ overdraft practices

11/06/20

The bank disclosed in a regulatory filing that it is in the process of responding to a civil subpoena from the Consumer Financial Protection Bureau. It is the latest bank to come under regulatory scrutiny for the fees charged to consumers who overdraw their accounts.

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Mike Cagney’s fintech startup pursues bank charter

11/06/20

Figure Technolgies, the home equity lender founded by the former CEO of SoFi, is seeking a national bank charter so it can offer more products and services while reducing the need for state-by-state licenses.

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Listen, speak, act: One CEO's playbook for inclusive cultures

11/06/20

Banks must address the societal issues that resonate deeply with their customers and communities, says Regions Financial chief John Turner.

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Trouble keeping up with cybersecurity pushes Ky. credit union to merge

11/06/20

Muhlenberg Community Hospital CU said in a notice to members it needed a merger partner in part because it did not have the resources to keep up with monitoring for "cybersecurity and terrorism activities."

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Organizers apply to form bank in eastern Virginia

11/06/20

Integrity Bank for Business is being pursued by a group with ties to Heritage Bankshares, which was sold in 2016.

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