BankThink

Fed plan to reform CRA at odds with OCC rule

09/21/20

The central bank's proposal to overhaul the Community Reinvestment Act differs markedly from the OCC's regulation in testing, data collection and other areas.

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Credit union employees 'clearly not taking enough' time off

09/21/20

The pandemic has forced the institutions on this year's Best Credit Unions to Work For list to be more flexible with their policies for how and when employees take time off.

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Allegations of money laundering on a massive scale; U.S. banks see lean times ahead

09/21/20

Buzzfeed News published its “FinCEN Files,” alleging that large banks ignored reports of suspicious activities and helped launder trillions of dollars; low rates will depress earnings even as credit losses don’t look to be as bad as expected.

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How we select the Best Credit Unions to Work For

09/20/20

The annual ranking, a collaboration between Credit Union Journal and the Best Companies Group, involves surveying employees and reviewing each institution's workplace policies.

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The Best Credit Unions to Work For

09/20/20

The coronavirus has created unprecedented challenges for employers but these credit unions rose to the occasion.

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Pressure mounts on U.S. bank regulators to stress test for climate change

09/20/20

Lenders should be subjected to tough reviews of their readiness for economic threats posed by severe weather, required to disclose risks lurking in their portfolios and perhaps forced to set aside extra capital, a government study recently recommended.

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Money-laundering report alleges banks profited by aiding criminals

09/20/20

A new investigation by the International Consortium of Investigative Journalists says JPMorgan Chase, Deutsche Bank and several other global institutions kept moving illicit funds after receiving warnings from U.S. officials.

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Byline in Chicago joins list of community banks closing branches

09/18/20

The company will shutter a fifth of its locations, while reinvesting some of the savings in its digital banking platform.

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Wells Fargo’s unknowns, to cost-cut or not, Kraken’s bank charter: Top stories of the week

09/18/20

Wells Fargo provides few updates on growth; why some banks are aggressively cutting costs and others aren’t; crypto exchange Kraken receives Wyoming bank charter; and more from this week’s most-read stories.

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Absentee-voting service at Okla. banks, credit unions extended

09/18/20

A collaboration between the two industries to help voters cast absentee ballots has been approved to continue through the general election.

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