BankThink

Michigan's CP Financial takes more steps to bolster growth

09/25/20

Having already changed charters for a statewide field of membership, the Jackson, Mich.-based institution will now merge with Washtenaw Federal Credit Union.

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Fed’s Bostic urges banks to repair ‘history of abuse’ of Black Americans

09/25/20

Bostic, the first Black Fed president in the central bank’s 106-year history, said systemic racism is an economic as well as a moral issue.

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Dollar Bank seeking heft around Pittsburgh with Standard acquisition

09/25/20

The mutual bank has agreed to pay $158 million for Standard AVB Financial, which has 17 branches in Pennsylvania.

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Credit unions altering perks and policies to respond to staff under stress

09/25/20

Understanding that staff are dealing with new uncertainties surrounding the pandemic, some institutions have become more flexible with many of their traditional HR policies.

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Want diversity? Move beyond your closed network

09/25/20

Bankers should cast a wider net for applicants and hold listening sessions with their minority employees if they truly want equality.

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Venmo's hard line on overdrawn customers; Square pledges $100M to fight racism

09/25/20

The PayPal unit is accused of sending customers to collections even if they are victimized by scams; the financial company said it will deposit money in minority-owned institutions.

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The Best Credit Unions to Work For with assets over $1B

09/24/20

A look at what some of the nation's largest credit unions are doing to take care of those who take care of their members every day.

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CFPB missed opportunity to call out lending discrimination, critics say

09/24/20

The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers say the bureau should have been more explicit as the nation wrestles with systemic racism.

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BofA leads effort to draft global ESG standards for public companies

09/24/20

An international coalition led by Bank of America chief Brian Moynihan has proposed a framework for assessing how well big corporations are meeting the environmental, social and governance expectations of investors who value stakeholder capitalism.

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Fed’s Brainard seen at top of Biden’s Treasury secretary list

09/24/20

Democratic presidential nominee Joe Biden’s search for a Treasury secretary is widely seen as focusing on Brainard, a choice that would keep both Wall Street and progressives in line.

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