BankThink

Fintech is transforming consumer financial services, but automation and data innovation can also help banks meet their growing regulatory demands.

Receiving Wide Coverage ...Leaving: Tim O'Hara, the head of Credit Suisse's global markets division for just the past 10 months after a 30-year career at the bank, is leaving. He will be replaced by Brian Chin, co-head of credit. The unit has suffered heavy losses over the past year. Wall Street Journal, Financial Times

As the payments industry progresses through the first stage (POS terminals) of the EMV liability shift and gets closer to the second stage (ATMs), a lingering question that can be asked is: why would any card issuer not want to get certified for EMV?

State regulators' resistance to the idea of a national fintech charter is not surprising, but state-by-state regulation imposes heavy burdens that reverse the cost savings and expanded reach available through fintech.

The Federal Deposit Insurance Corp.’s recent statements encouraging new bank applications are promising, but some barriers to new charters may remain inside the FDIC and we are still waiting for the first de novo of 2016.

Receiving Wide Coverage ...Barclays expands team: Tim Throsby, JPMorgan's global head of equities, is moving toBarclays as head of its corporate and international division and chief executive of its corporate and investment bank. He is the latest JPM executive to join CEO James E. Staley, himself a former JPM veteran, at the British bank. Previous JPMorgan hires include Paul Compton, who was named Barclays group chief operating officer in February, and CS Venkatakrishnan, Barclays' new chief risk officer. Throsby is expected to join Barclays early next year. Wall Street Journal, Financial Times, New York Times

With the first chip card deadline for ATMs coming up in a few weeks, banks need to quickly gain an upper hand on potential risks. This starts with a more complete understanding of the complex changes at the ATM terminal.

Regulatory infighting over bond loans offered by down payment assistance programs has the potential to curtail lending to first-time buyers and do real damage to homeownership.

Just months away from when the elections could change everything, the question is whether the agency will be able to tackle the big issues of field of membership and increasing transparency.

As the nation heads into the height of the election season, credit unions are keeping an eye on what is turning out to be a landmark presidential race, the outcome of which is anything but predictable.