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While regulators worldwide have urged banks not to "derisk" by cutting off entire industries or geographies, it is rare for policymakers to specifically cite this controversial sector as wrongly underserved.
June 19 -
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Eagle Bancorp Montana in Helena has completed a $10 million private placement of subordinated bonds.
June 19 -
Two community banks that focus on underbanked and low-income populations, City First Bank of D.C. and Southern Bancorp in Arkadelphia, Ark., have joined an international group that promotes socially and environmentally responsible development.
June 19 -
A recap of the informed opinions (and the discussions they generated) on BankThink this week, including the need to hold bankers accountable for criminal deeds and whether the FDIC's proposed recordkeeping requirement is smart planning or pointless.
June 19
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WASHINGTON On the heels of the Consumer Financial Protection Bureau being forced to delay implementation of the new TILA/RESPA Integrated Disclosures (commonly referred to as TRID), CUNA says it has discovered a discrepancy relating to exemptions for small lenders.
June 19 -
BB&T's auto-finance division will stop dealers from marking up the price on sales contracts, and instead will offer a flat-fee compensation program.
June 19 -
U.S. consumers are increasingly using their credit cards rather than tapping home-equity credit lines to pay debts or finance a big purchase, according to Sanford C. Bernstein.
June 19 -
Many lenders may not have been ready for the CFPB's new mortgage disclosure rule if it took effect on Aug. 1 as planned. Now a slip-up by the agency itself has given lenders a two-month reprieve.
June 19 -
Silicon Valley firms like Apple and Lending Club are happy to partner with banks so long as they get to be the face of customer interactions. But banks may not easily give up that ground.
June 19
