BankThink

Coronavirus scuttles major credit union-bank deal

05/12/20

Suncoast Credit Union and Apollo Bank said the pandemic complicated their efforts to secure regulatory approval.

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The Fed should tailor its business loan programs for consumers

05/12/20

The Term Asset-Backed Securities Loan Facility is just one example of a fund that could be retooled.

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How banks can fight scammers exploiting the coronavirus

05/12/20

Fraudsters are attempting to intercept stimulus checks, set up bogus charities and defraud applicants for unemployment benefits. Mike Litt, consumer campaign director of U.S. Public Interest Research Group, discusses what can be done to stop them.

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How Dan Henry aims to turn Green Dot around

05/12/20

The prepaid card issuer will rely less on promotional marketing and more on its banking charter to drive profits, Henry said in his first public remarks since taking over as CEO in March.

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PNC unloading BlackRock stake; Deutsche Bank sells €$1.25B of unsecured debt

05/12/20

The regional bank’s $240 million investment from 1995 is now worth $17 billion, which it could use to fund acquisitions; the debt deal will count towards the German bank’s capital buffers.

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Is Fed taking too long on middle-market loan relief?

05/11/20

The agency is being methodical in its rollout of the Main Street Lending Program in hopes of avoiding missteps that followed the launch of other coronavirus relief efforts. But observers say delaying aid brings its own risks.

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SBA pressured to fix PPP blind spots on race and gender

05/11/20

Lawmakers are pushing for better data on who's receiving loans in hopes that more funds will be directed to lenders that serve women- and minority-owned businesses.

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PNC to divest large stake in BlackRock

05/11/20

The Pittsburgh company has owned a 22% position in the money manager since 1995.

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CFPB expands relief for banks and credit unions from remittance rules

05/11/20

The agency will allow institutions providing 500 or fewer transfers a year to estimate costs in consumer disclosures rather than quote exact figures.

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Banks' back-to-the-office playbook

05/11/20

Financial institutions are looking for a way to return some employees to their workplaces while prioritizing safety. The answer may involve contact tracing technology and the automation of a wide range of activities.

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