BankThink

Several financial tech companies that applied to become national banks are seeking exemptions from many provisions of the Community Reinvestment Act. A consumer advocacy group and the American Bankers Association say the OCC mustn't allow this.

The administration’s initiative to offer universal high-speed internet service is a chance for bankers to provide underserved households with access to online financial education and low-cost digital accounts.

The chief bank supervisor says eurozone banks aren’t taking loan losses seriously enough; the German bank is planning to cut payroll by a third and close nearly half of its branches.

Continuity and speed are just two benefits of payment automation, says VPay's Elisa Logan.

Compliance is expensive and complicated, though there are some emerging solutions, says Adflex CEO Pat Bermingham.

The regulator must rediscover bipartisanship and collaboration while ensuring new regulations don't overstep the Federal Credit Union Act.

The bank’s plans are more ambitious than Goldman’s Marcus bank, which only offers savings accounts; top officials say the Fed won’t pressure banks to avoid lending to certain industries.

Opening up universal payments and authentication methods that feel familiar, for both online and face-to-face transactions, could unlock a world of possibilities when it comes to redefining how businesses engage with consumers, says MYPINPAD's Justin Pike.

By holding themselves accountable and following smart standards, organizations will be able to provide consumers with strong security and peace of mind the next time they swap those paper menus for a set of scannable squares on their phone, says Nok Nok's Phil Dunkelberger.

President Biden’s executive order requiring agencies to weigh the impact of pending policies on underserved groups could have a lasting effect on issues from reforming the Community Reinvestment Act to fair lending.