2020-11-13
Regulators tell banks they can choose any replacement rate for Libor; Consumer Financial Protection Bureau investigating Regions' overdraft practices; banks could be ripe targets for age-discrimination lawsuits; and more from this week's most-read
Read More from: BankThink
2020-11-13
Savings to the credit union regulator's operating budget are largely the result of surplus funds from 2020 and expected reductions in travel into next year.
Read More from: BankThink
2020-11-13
The Federal Housing Administration said in its annual actuarial report that capital reserve ratio on its mutual mortgage insurance fund increased to 6.10% in fiscal year 2020, up from 4.84% a year earlier.
Read More from: BankThink
2020-11-13
Freddie Mac representatives would not comment on the sudden resignation of Brickman. Interim CEO Michael Hutchins has served as Freddie’s executive vice president of investments and capital markets since January 2015.
Read More from: BankThink
2020-11-13
Members of $5.3 million-asset WJC Federal Credit Union will vote to merge into $3.2 billion-asset Truliant FCU, based in North Carolina.
Read More from: BankThink
2020-11-13
The forthcoming measure could override staff opinions that helped certain deposit-gathering companies partner with banks.
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2020-11-13
Former CEO John Stumpf agreed to pay a $2.5 million penalty to settle civil charges tied to the bank’s fake-accounts scandal.
Read More from: BankThink
2020-11-13
Consumer savings are up, yet so are evictions. Banks need to reach out more to those who are struggling financially, and they could use data as a guide.
Read More from: BankThink
2020-11-13
Kathie Kasper spent 24 years at the Livermore, Calif.-based institution, having started as a teller in 1976 and ultimately rising to the level of chief executive.
Read More from: BankThink
2020-11-13
Joe Biden's presidential transition has barely started but already banks and investment firms are anxious about two names they fear are in the running to lead the Securities and Exchange Commission: Gary Gensler and Preet Bharara.
Read More from: BankThink
2020-11-13
A recent decision from the United States Bankruptcy Court for the Central District of Illinois (“Court”) is a stark reminder of the importance of paying attention to notices received from bankruptcy cases and the need for creditors to consider ret
Read More from: Krieg DeVault
2020-11-12
A former Fifth Third executive recently accused the company of failing to deliver on a promise to make him president because he’s in his mid-50s.
Read More from: BankThink
2020-11-12
https://www.nytimes.com/2020/11/12/nyregion/nyc-taxi-drivers-coronavirus.html
Originally appeared on The New York Times
Read More from: Shenwick & Associates
2020-11-12
The head of the agency told a congressional panel that the agency is taking steps to prepare for the incoming Biden administration and that she plans to serve until her tenure ends in 2023.
Read More from: BankThink
2020-11-12
The fintech startup, which originally helped users cancel duplicate subscriptions, now wants to encourage healthier financial practices.
Read More from: BankThink
2020-11-12
Lending opportunities have become scarce, especially with commercial borrowers, and banks are resisting the temptation to relax standards to boost volume.
Read More from: BankThink
2020-11-12
As it attempts to craft policy on access to consumers’ financial account information, the agency is wading into a battle between those who want data to flow more freely and those who prioritize security.
Read More from: BankThink