Wells Fargo was hit with more scandal. But does anyone care?

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.

Startup's mission: Help cash-strapped students finish college

It bothered Jeannie Tarkenton, founder of Funding University, that too many kids from lower-income families didn't graduate because they lacked just a few thousand dollars and couldn't get a loan.

Online banking Penny Crosman August 13
Loans not subject to usury cap can still be illegal: Calif. high court

Judges say a CashCall loan may have fit the state’s definition of an “unconscionable” interest rate.

Interest rates Kate Berry August 13
The stock blip that changed a bank’s future

Guaranty Bancorp could have had a different owner if not for a suitor’s ill-timed stock hiccup that gave a rival the upper hand.

Community banking Paul Davis August 13

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The Latest

Morning Scan Citi shuffles consumer unit; fintechs embrace subprime cards

Anand Selva, a longtime Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans, such as former Citi CEO Vikram Pandit.

Morning scan George Yacik 2h ago

Morning scan George Yacik 2h ago
Serial acquirer to boost New Mexico operations with latest deal

BayCom in Walnut Creek, Calif., would have a bigger presence in the Albuquerque area after buying Bethlehem Financial.

Community banking Frank Gargano August 13

Community banking Frank Gargano August 13
Article In the Wake of Equifax, a Call to Share More Data not Less

When Equifax disclosed its enormous data breach that exposed the personal information of some 143 million people, the reaction of many consumers and corporate executives was similar and familiar: our data is at risk at all times and the less access we give to others the better. But that's precisely the wrong lesson.

Banking October 18, 2017

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Banking October 18, 2017
Citigroup's credit card chief to exit in consumer bank shake-up

Citigroup Inc. is restructuring its consumer banking operation in a shake-up that includes the departure of its global credit card chief.

Credit cards August 13

Credit cards August 13
Venezuelan bank spins off Mercantil in Florida

The transaction was set up to give Mercantil more autonomy to expand in South Florida, Houston and New York.

Community banking Paul Davis August 13

Community banking Paul Davis August 13
BankThink Motivate employees by challenging them to solve unbanked problem

Andrew Waxman
Associate Partner IBM Global Business Services

Helping the underserved, especially abroad, can help banks retain top workers and boost profits.

Underbanked August 13

Underbanked August 13
Wells Fargo is eyeing a piece of the $1.4 trillion student-debt pie

Wells Fargo & Co. is considering whether to jump-start its shrinking student-lending business by catering to borrowers holding U.S. government loans.

Student loans August 13

Student loans August 13

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Multimedia

Five C&I credit analysis tips from a Main Street banker

Good credit analysts are in short supply, says David Nicholson, a senior VP of commercial lending at a community bank. But fair warning for job seekers: Only dogged questioners who can think critically need apply, because vetting business borrowers is as much art as science.

BofA backlash, Facebook’s bad deal and selling a century-old bank: Top stories of the week

The Trump administration's stance on immigration is causing headaches for some banks, how a tiny black-owned bank is turning to fintech to turn itself around; why banks are rejecting Facebook's offer to share data and more from this week's most-read stories.

'What blue wave?': Comments of the week

Readers opine on prospects for the midterm elections, respond to Facebook's forays into collecting bank data, weigh in on new overdraft legislation and more.

Podcast Top LendingClub exec details plan forward

The online lender’s president, Steve Allocca, shares how the company weathered scandal and hints at future plans to grow its product set.

BankThink

Wells Fargo was hit with more scandal. But does anyone care?

Victoria Finkle
Editor
American Banker

The bank continues to battle a series of negative headlines such as erroneous foreclosures, but public and investor reaction has been muted.

Penalties and fines August 13
Motivate employees by challenging them to solve unbanked problem

Andrew Waxman
Associate Partner
IBM Global Business Services

Helping the underserved, especially abroad, can help banks retain top workers and boost profits.

Underbanked August 13
WSFS broke the mold with its latest deal. Other banks should take note

Hilary Burns

Merger announcements typically follow a tried-and-true formula of cutting costs to boost profit. WSFS, however, plans to reinvest $32 million in new tech initiatives after buying Beneficial.

Community banking August 10
OCC’s fintech charter is a mistake

John Ryan
President and CEO
Conference of State Bank Supervisors

The agency’s move to offer a national charter for fintech firms will undermine state authority and give certain firms an unfair advantage.

Fintech regulations August 10

See all BankThink

Research

Research Report Banks and Credit Bureaus: Where Things Stand

Most lenders are staying the credit bureau course in underwriting but some are mulling changes, particularly when it comes to marketing.

Credit scores June 1
Research Report Open APIs: Use Cases Grow, Tension Lingers

The widely held belief that application programming interfaces are the key to banking’s future rests on the many ways early adopters are experimenting with the technology. But security and privacy concerns are still leading many in the industry to hold back.

APIs May 30
Research Report Regulation and Policy: What to Watch for in 2018

Inside, a look at the state of policy play on a range of key industry issues that may impact 2018 midterm elections.

Regulatory actions and programs December 29, 2017
Research Report FinTech2018: AI, Blockchain, and the Cloud

Technology spending at banks is set to climb again in 2018 with budget growth at small banks exceeding that of large banks.

Fintech December 22, 2017