BankThink

OCC clarifies who is 'true lender' in bank-nonbank partnerships

10/27/20

The agency finalized a rule to determine which party in a loan sale is subject to regulatory requirements. Advocates charged that the move will help predatory lenders.

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Texas Capital hires JPMorgan Chase exec as its next CEO

10/27/20

Rob Holmes, who will join the Dallas company in January, has been the global head of corporate client banking and specialized industries at JPMorgan Chase.

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Barrett could cement court’s restrictive view of debt collection cases

10/27/20

A 2019 decision by Amy Coney Barrett, then a 7th Circuit judge, cited an earlier Supreme Court ruling suggesting a high bar for plaintiffs to claim harm. But other jurists have favored a less onerous standard.

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What's behind the leadership shake-up at TCF

10/27/20

Craig Dahl said working seven-day weeks to shepherd the integration with Chemical and then the combined company’s coronavirus response led to his abrupt retirement.

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HSBC says rock-bottom interest rates may curb free bank accounts

10/27/20

Europe's largest lender could start charging for basic banking services "in some markets" because low interest rates meant they were losing money, Chief Financial Officer Ewen Stevenson said on a call with reporters Tuesday after the bank reported third-quarter earnings.

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Visa $5.3 billion Plaid deal triggers DOJ antitrust concerns

10/27/20

Visa’s $5.3 billion acquisition of Plaid has raised competition concerns at the U.S. Justice Department, which is nearing a decision about whether to sue to block the deal, according to two people familiar with the matter.

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HSBC vows to 'accelerate' U.S. cost-cutting plan

10/27/20

The global bank, which has already closed more than 30% of its U.S. branches this year, indicated that the pandemic is prompting it to adjust its plans on the fly.

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HSBC ramps up digital banking for businesses

10/27/20

The global bank has rolled out cash-flow forecasting tools as financial institutions race to meet urgent demands from commercial customers trying to navigate uncertain times.

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United Federal Credit Union in Michigan to buy Edgewater Bank

10/27/20

The acquisition will consolidate United's position in the St. Joseph market, where both institutions are based.

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Green Dot partners with Gig Wage to serve underbanked workers

10/27/20

The Pasadena, Calif., bank is partnering with and investing $2.5 million in Gig Wage to offer services like debit cards and money management to gig workers, many of whom are among the tens of millions of unbanked and underbanked Americans.

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