BankThink

Fed, Fincen look to require banks to hold more data on transfers

10/23/20

The two agencies proposed amending the Bank Secrecy Act to lower the threshold for transfers occurring outside the U.S. that trigger recordkeeping requirements.

[more]

Card companies, surprised by low write-offs, seek new customers

10/23/20

Lenders have spent months puzzled by the persistently low delinquencies on their credit cards. Now, they’re seizing the moment.

[more]

House bill would let smaller banks exclude PPP loans from asset totals

10/23/20

The legislation would help institutions with less than $15 billion of assets avoid regulatory requirements resulting from participating in the small business relief program.

[more]

First Citizens-CIT, Cohn's dire outlook, midsize banks brace: Top stories of the week

10/23/20

What's behind the unlikely First Citizens-CIT deal; ex-Trump adviser Gary Cohn predicts bleak future for community banks; midsize banks gird for loan defaults, more margin pressure; and more from this week's most-read stories.

[more]

First Horizon eyes more expense cuts in wake of Iberiabank merger

10/23/20

The Memphis company is looking to take out more costs than initially planned due to the economic uncertainty brought on by the coronavirus pandemic.

[more]

NCUA announces unplanned board meeting next week

10/23/20

The credit union regulator will meet for a second time this month when the board holds an open meeting on Wednesday.

[more]

Virtual branch concept making inroads in U.S.

10/23/20

Foreign banks for years have been using technology that folds several communication and information-sharing capabilities into one platform. Now Citigroup and others here are showing interest because of the growing importance of digital in the pandemic.

[more]

A Biden win could boost long-stalled efforts to help the unbanked

10/23/20

The Democratic nominee has not gone as far as some progressives in support of financial inclusion, but ideas such as postal banking, a government-run credit reporting system and universal bank accounts would likely gain traction under a Biden administration.

[more]

Wegner Awards paused for 2021

10/23/20

Instead the National Credit Union Foundation will host a virtual event highlighting the industry's philanthropic efforts.

[more]

Amex's recipe for small-business lending: Heavy on the Kabbage

10/23/20

With the COVID-19 pandemic creating unprecedented challenges for small businesses, American Express has increasingly targeted its investments in that niche.

[more]