BankThink

Wide spreads in jumbo mortgage pricing; U.K. bank fraud flourishes

08/21/20

The number of originators has shrunk during the pandemic, while portfolio lenders have gotten more picky; scams against consumers jumped by two-thirds during the first half, Barclays says.

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Pandemic throws wrench into banks' budgeting

08/20/20

Executives and boards are bracing for elevated loan losses and stagnant revenue, which will mean more conversations about belt tightening as opposed to added investment.

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Alabama banks announce plans to merge

08/20/20

USAL Bancorp will have nearly $300 million in assets after it buys Escambia County Bank.

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TD Bank will pay $122M to settle CFPB charges of overdraft abuse

08/20/20

The bank has agreed to pay $97 million in customer restitution and a $25 million fine to settle allegations by the Consumer Financial Protection Bureau that it deceptively charged overdraft fees for certain ATM and debit card transactions.

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The global economy versus COVID-19

08/20/20

With continued economic instability as a result of the coronavirus, how will the US manage the uncertainty that appears to have no end in sight.

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Enterprise in St. Louis makes coastal push with Seacoast deal

08/20/20

The company will pay $156 million for a bank with a large Small Business Administration lending platform.

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States sue FDIC over 'rent-a-bank' partnerships

08/20/20

A group of eight Attorneys General filed suit against an FDIC final rule related to ‘rent-a-bank’ partnerships, mirroring a similar suit filed against the Office of the Comptroller of the Currency last month.

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Pandemic has put a premium on speed, Citizens CEO says

08/20/20

The slowdown in branch traffic brought on by the coronavirus outbreak has accelerated consumers’ adoption of online banking and other tech, meaning banks have no time to waste in digitizing their customer-facing applications, says Bruce Van Saun.

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Refi fee will wipe out millions in mortgage profits

08/20/20

Lenders initally won't be able to pass on the cost of the Federal Housing Finance Agency's "adverse market fee" to borrowers whose rates on GSE-backed mortgages and refinances are already locked in.

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Banks prevail in first court decision over PPP fees for agents

08/20/20

A federal judge in Florida ruled that lenders are not required to make payments to borrowers' attorneys and accountants unless they struck upfront agreements to do so. The decision has implications for a slew of related lawsuits.

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