BankThink

CFPB makes it official, rescinds Cordray-era limits on payday lenders

07/07/20

The agency delivered long-anticipated regulatory relief to the small-dollar loan industry by eliminating ability-to-repay requirements imposed under the bureau’s former director.

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Financial services industry struggles to emerge from lockdown

07/07/20

Our third monthly survey found almost six out of 10 employers report that their plans for the return to work are stymied by uncertainty — specifically, a lack of clarity on the right timing, and persistent questions about how to provide a safe environment for their employees.

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RBC aims for 30% minority executives, sets targets for new hires

07/07/20

Royal Bank of Canada says it is raising internal targets for the number of racial minorities in executive roles to improve diversity in its leadership ranks.

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Black communities need more help from Fed

07/07/20

The Main Street Lending Program and other Federal Reserve loan facilities should be tailored to the needs of Black-owned banks and businesses.

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MidWestOne in Iowa hires outsider as next president

07/07/20

Len Devaisher once served as a regional executive for Old National Bancorp.

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SBA discloses PPP loan recipients; bank drive-throughs make a comeback

07/07/20

Restaurants, medical offices and car dealerships were the top recipients of large loans; increased usage of the drive-ups is putting a strain on the low-tech lanes.

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Leaders preview: From now to next

07/06/20

A sneak peek at a podcast launching on American Banker in our Leaders forum. Michal Katz, head of investment and corporate banking in the Americas at Mizuho, discusses leadership with Gemma Postlethwaite, the CEO of American Banker's parent company, Arizent.

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10 years after bruising Dodd-Frank fight, is bipartisanship returning?

07/06/20

Rancor between Democrats and Republicans has made it hard to enact subsequent bills. But the 2018 reg relief package and more recent legislation offer hope for efforts to reach across the aisle.

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Supreme Court ruling eliminates autodialer use for FHA, VA collections

07/06/20

The court struck down a 2015 update to the Telephone Consumer Protection Act, which permitted robocalls to cell phones for government-related debt collection.

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BBVA will use data-driven model to start reopening branches

07/06/20

BBVA USA in Birmingham, Ala., says it will use a proprietary score based on multiple sources of coronavirus-related information to determine when certain branches are ready for walk-in traffic.

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