CFPB nominee likely connected to Trump’s ‘zero-tolerance’ immigration policy

Kathy Kraninger, a top official at OMB and nominee to head the CFPB, likely had a role in setting President Trump's "zero-tolerance" immigration policy, according to former OMB officials.

Article CECL FAQs modeling challenges

Over 35% of firms are still considering the type of models they will use for CECL implementation.

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CECL May 8
Mobile banking startups are driving the conversation on overdraft fees

JPMorgan Chase and Wells Fargo are following Silicon Valley's lead by offering new fee-free accounts. While there are risks involved, the cost of doing nothing would be significant, analysts said.

Mobile banking Kevin Wack June 19
Bold agenda for new FDIC chief: ILC decisions, pot banking and more

In her first speech as chairman, Jelena McWilliams signaled a focus on reviewing old policies, speeding up decisions on new bank applications and helping banks navigate marijuana laws.

FDIC Rachel Witkowski June 19
JPM-Berkshire-Amazon health venture answers one big question: Who will lead it?

The companies announced Dr. Atul Gawande, a professor at Harvard and the author of several books on health care, will lead the new health venture starting July 9. But other questions remain unanswered.

Health insurance Kristin Broughton 3h ago

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The Latest

Is self-storage boom too much of a good thing for lenders?

The explosion in construction of self-storage facilities is being backed by banks hungry for commercial loans. Some market participants fear a glut is in the making and the credits could sour.

Commercial real estate lending Andy Peters 10m ago

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Wells Fargo Exhibit A in Democrats' case against tax law

Democrats attempted to counter Republicans’ praise for the increased investment, wages and bonuses resulting from the tax bill by tying it to Wells Fargo's recent scandals.

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Deutsche Bank settles New York foreign exchange probe for $205M

The settlement resolves one of several regulatory issues that have dogged the German bank's U.S. operations.

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The online lender wants to provide instant payments and securitizations alongside instant loans, according to CEO Anthony Noto.

Digital payments Penny Crosman 2h ago

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Bank account data could help lenders avoid IRS tax transcript delays

Paycheck information gleaned from bank accounts is emerging as an alternative to verifying a mortgage applicant's income and employment with a 4506-T tax transcript request to the IRS.

Fintech Bonnie Sinnock 2h ago

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Robinhood is said to discuss bank products with regulators

Robinhood Markets has more than 4 million U.S. consumers using its free stock-trading platform. Now, it's in talks to offer them other banking services like savings accounts, according to people familiar with the matter.

Disruptors 3h ago

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BankThink This is why USAA singled out Wells Fargo for patent infringement

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The bank’s weakened public reputation makes it a target for additional attacks.

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Podcast Breaking Banks: Speeding up the last mile

JP Nicols and Jason Henrichs discuss making apps and branches more productive, with Michelle Tinsley of Tinsley Retail Insights and Mike Laven of Currencycloud.

6 items on Fed’s full regulatory docket

The central bank's rule-writing workload is expected to remain busy for the foreseeable future, thanks in large part to enactment of the recent regulatory relief bill.

USAA vs. Wells, BofA's Erica, SARs relief: Top stories of the week

Wells Fargo on the receiving end of USAA's long-standing intellectual property threat; millions are mad about Erica, Bank of America's virtual assistant; relief may be in reach for bankers fed up with SARs; and more from this week's most-read stories.

Podcast 'Stop hiring people with banking experience'

To be future-proof, banks need data scientists, behavioral psychologists, experienced designers and community advocates, Brett King says.

BankThink

This is why USAA singled out Wells Fargo for patent infringement

Dr. Nir Kossovsky

Steel City Re

The bank’s weakened public reputation makes it a target for additional attacks.

Digital banking 4h ago
Before modernizing CRA, consider its history

Gregory W. Meeks
Representative
D-N.Y.

The Community Reinvestment Act needs to be updated, but in doing so Congress should remember why the law was created in the first place, argues Rep. Gregory Meeks.

CRA June 19
Trump’s CFPB pick clears up what, exactly?

Victoria Finkle
Editor
American Banker

The selection of an obscure OMB official as CFPB director raises more questions than it answers about the future of the agency.

Trump administration June 19
Regulators’ dangerous plan to carve up the Volcker Rule

Gregg Gelzinis
Research Assistant for the Economic Policy team
Center for American Progress

A proposal to revise parts of the Dodd-Frank Act ban on proprietary trading would make it easier for banks to conduct risky trades.

Volcker Rule June 18

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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

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Resources

Web Seminar Rightsizing the cost of compliance

Since the financial crisis, compliance costs have risen exponentially. The current level of spend for most financial institutions is not sustainable in today’s low margin environment.

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Compliance
Web Seminar Beyond compliance: Put your data to work

The way that customers interact with their financial institutions and manage their money is constantly changing.

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AML
Web Seminar Europe’s data privacy rules: What U.S. bankers need to know

Any bank that serves one European customer has to comply with the strict rules of the EU's GDRP Regulation.

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GDPR
Web Seminar Why a translytical data platform is the way forward in a hybrid cloud world

We are living in the “right-now economy.”

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