BankThink

TD payments exec: COVID response breaking barriers, spurring diversity

08/17/20

Jo Jagadish, who joined TD Bank in April as head of commercial products and payments innovation, spent her childhood moving country to country, so she's used to a world without borders — the kind world emerging from the capabilities of fintech and demands of the pandemic.

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Tenant groups seek banks’ help to forestall evictions

08/16/20

Housing advocates say lenders should require property owners who request loan forbearance to pause evictions during the coronavirus pandemic. But the banking industry says what’s really needed is another round of government stimulus.

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Slow walking PPP forgiveness, GSE refi fee, the Trump effect: Top stories of the week

08/14/20

Lenders hope Congress grants blanket forgiveness for smaller Paycheck Protection Program loans; fee to shield Fannie, Freddie from COVID losses draws instant backlash; what Trump’s reelection would mean for banks; and more from this week’s most-read stories.

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Citi asks Revlon lenders to return mistaken $900 million

08/14/20

The bank has recouped part of the payment, which it blamed on a clerical error, but some of the lenders say they were owed the money in connection with an ongoing dispute.

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California’s ‘mini-CFPB’ plan is back in play. Banks aren’t happy.

08/14/20

A proposal to expand consumer protections in the state was added to a budget bill after being dropped in June. Financial institutions say the measure conflicts with federal law and are working behind the scenes to stop it.

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MUFG Union Bank hires chief information security officer

08/14/20

Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016.

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Have banks, fintechs compete to bring banking services to post offices

08/14/20

A pilot program that would let banks, credit unions and challenger banks bid to offer financial services within rural and inner-city post offices could be a first step in serving the underbanked while also helping to shore up the U.S. Postal Service's finances.

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Lawmakers want inquiry into report that OCC halted redlining probes

08/14/20

Senate Democrats asked a watchdog to examine whether the bank regulator failed to investigate claims of discrimination against at least six banks.

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Older adults needed help banking online. Scotiabank found a solution.

08/14/20

The Canadian bank is doing something few U.S. institutions have done: build an online hub with tutorials designed expressly to simplify the online banking process for newcomers.

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Obstacles mount for passage of CMBS relief bill

08/14/20

A pioneer in the commercial mortgage-backed securities market argues the HOPE Act would bail out savvy investors who don't deserve it. Barclays predicts that kind of attitude will make passage difficult.

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