BankThink

Green Dot readies GO2bank to take on new generation of challengers

11/05/20

As challenger banks threaten Green Dot Corp.'s status among the underbanked, the prepaid card issuer is diving into their market by unveiling a challenger bank of its own.

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Former FDIC head Sheila Bair to chair Fannie Mae board

11/05/20

One of the top banking regulators during the 2008 financial crisis could have a hand in nudging Fannie Mae out of conservatorship.

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Visa to face U.S. antitrust suit over Plaid acquisition

11/05/20

The U.S. Justice Department sued to block Visa’s $5.3 billion deal for the data aggregator over concerns that it would harm competition in the global payments market.

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Akron Municipal seeks members' OK for merger, private deposit insurance

11/05/20

If the deal is approved, the $6.4 million-asset credit union would drop its federal share insurance upon joining Towpath Credit Union.

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Wells Fargo to freeze raises for high earners as it limits costs

11/05/20

Wells Fargo plans to freeze raises for top earners as the bank's new leadership team retools compensation practices with a close eye on costs, according to people briefed on the plans.

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Bank stocks defy market rally; Ant debacle has wide regulatory implications

11/05/20

Bank shares fell about 5% on concerns that the election results militate against more government stimulus; even U.S. regulators need to address the differences between fintechs and banks.

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More gridlock, new tax threats loom after election

11/05/20

As lawmakers look for ways to plug budget gaps, credit union groups are preparing for a possible assault on the industry's tax exemption at the state and federal level.

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A Fed digital currency looks inevitable. So do the problems.

11/04/20

A Federal Reserve-issued digital dollar could speed up payments, expand financial access and reduce financial crime. But it also brings trade-offs that policymakers are only just beginning to consider.

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Beam chief says there’s another side to story of deposit mishandling

11/04/20

Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are taking the dispute to court.

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Cannabis and gambling: State ballot measures that matter to banks

11/04/20

Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.

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