BankThink

CFPB’s (correct) decision to rescind payday limits comes at right time

07/08/20

Consumers now have more control over their own financial decisions and loan options.

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Home mortgage lender Quicken Loans files for IPO

07/08/20

The Detroit-based parent company of Rocket Mortgage and Quicken Loans listed the size of its initial public offering as $100 million and says it made a profit the past three years.

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Deutsche Bank fined for Epstein dealings; FICO unveils 'Resilience Index'

07/08/20

The German bank agreed to pay $150 million to New York State for its dealings with Jeffrey Epstein; the new tool will help lenders determine which borrowers are in the best shape to weather a crisis.

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Former FASB chair defends his legacy as more than CECL

07/07/20

Russell Golden, who just stepped down from the Financial Accounting Standards Board, says he wants to be remembered for encouraging open discourse over new rules and efforts to simplify financial accounting.

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Banks poised to get fee windfall from small-business stimulus

07/07/20

More than 30 banks across the country, including dozens of community banks and some lenders with more than $1 billion in assets, could generate fees that surpass their 2019 net revenue before set-asides for loan losses.

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Why Associated plugged in to community solar energy

07/07/20

The Wisconsin banking company recently agreed to use five solar gardens to power 39 branches. The move, part of a broader sustainability push, is expected to deliver significant cost savings and could benefit rural communities, Associated said.

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CFPB declares most agency rules still valid after high court decision

07/07/20

The agency sought to provide certainty that most actions from the past eight years remain in effect despite the ruling that the bureau's leadership structure is unconstitutional.

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PNC Financial expands, diversifies executive leadership team

07/07/20

Less than three weeks after making a $1.05 billion pledge to fight racism, the Pittsburgh company promoted two Black bankers to its top-level management committee.

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How fintech mentorships have adapted during the pandemic

07/07/20

The days of meeting with mentors and pitching investors in person are at least temporarily over, but fintech incubators, accelerators and boot camps are finding creative ways to replicate these valuable experiences online.

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Fed's Quarles urges nations to strengthen bank resolution plans

07/07/20

Randal Quarles, who is also chairman of the Financial Stability Board, said FSB members must do more to prepare for bank failures.

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