News Topic: National banks
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The Most Powerful Women to Watch
2021 bank reputation survey: Goodwill humming
Fintechs shouldn’t give up on national bank charters
Senate advances measure to reverse OCC's 'true lender' rule
Oportun's bid for bank charter meets resistance
Several consumer advocacy organizations have urged the Office of the Comptroller of the Currency to deny the online lender's application for a national bank charter, citing concerns about its lending and debt-collection practices. ... Read full article
OCC to allow branch closures in areas hit by wildfires
The agency said national banks could close offices “at their discretion” as a safety precaution if they are affected by fires in California and Colorado. ... Read full article
SoFi applies to open a national bank
If it’s approved, the charter is expected to lower the fintech’s cost of funds and allow for more product offerings. It comes nearly three years after SoFi pulled the plug on an earlier effort to open an industrial bank. ... Read full article
Ending the credit union tax exemption hurts everyone
The author of a recent op-ed fails to realize that making credit unions pay corporate taxes would drive up costs for customers and weaken the economy. ... Read full article
Varo gets vital FDIC OK for bank charter
It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators. ... Read full article
Varo gets vital FDIC OK for bank charter
It was Varo's second try with the Federal Deposit Insurance Corp., but it has now moved within a few steps of obtaining what has eluded fintech firms of late: a green light from banking regulators. ... Read full article
The fight over CRA reform just got more complicated
At a recent congressional hearing, OCC chief Joseph Otting showed just how far he might go in allowing reinvestment credits to lenders. ... Read full article
TD Bank names new consumer products chief
The U.S. arm of Toronto-Dominion Bank said Matt Boss will oversee credit cards, residential loans and deposit products, among other areas. ... Read full article
Banks and Thrifts with the Largest Portfolios of Mortgage-Backed Securities
On Sep. 30, 2019. Dollars in thousands. ... Read full article
Banks and Thrifts with the Largest Securities Portfolios
On Sep. 30, 2019. Dollars in thousands. ... Read full article
New employee retention tool has four legs and goes 'woof'
Some banks and fintechs have already introduced pet-friendly policies in the office. Here are five reasons why it works. ... Read full article
USAA's win vs. Wells, BB&T-SunTrust's green light, GSE reform: Top stories of the week
USAA won $200M from Wells Fargo in patent fight — will others be on the hook?; three takeaways from regulators' approval of the BB&T-SunTrust merger; don't believe the doom and gloom on Fannie, Freddie; and more from this week's ... Read full article
OCC gives banks another break on their assessment fees
A 10% cut next year, which will be identical to the fee reduction this year, is projected to save the industry about $85 million next year. ... Read full article
Wells Fargo's Modjtabai to exit as Scharf shapes leadership
Avid Modjtabai, who runs Wells Fargo's payments and technology innovation unit, is leaving the firm as new Chief Executive Officer Charlie Scharf continues to shake up top management. ... Read full article
Wells Fargo's former interim CEO Parker to leave in March
Allen Parker, who led Wells Fargo during its six-month search for a new chief executive, will leave the bank next year. ... Read full article