A BankThink argues that Treasury's GSE cash infusions are just the return of stolen money; MUFG wants its Union Bank to be one of the nation's 10 largest; fintech promises a 30-minute mortgage; and more.
Treasury Department building
This isn't a bailout, this is return of stolen funds
News that the GSEs need an infusion from Treasury to cover quarterly losses underscores problems with the government's 2012 decision to "sweep" the housing giants' profits.

(Full story here.)
pie chart showing bank execs concerns about blockchain
The reasons U.S. blockchain adoption has stalled
JPMorgan Chase is said to be dropping its Quorum blockchain technology, and little is happening with other blockchain projects that have been in the works for years. What gives?

(Full story here.)
Steve Cummings, CEO of MUFG Americas.
MUFG's big U.S. expansion is just getting started
The holding company for Union Bank — itself a unit of the Japanese giant Mitsubishi UFJ Financial Group — is on a mission to double its size and become one of the nation's 10 largest banks.

(Full story here.)
Jason van den Brand
A mortgage in 30 minutes? Fintech says it's coming
Lenda, launched in 2014, currently makes mortgages start to finish in two weeks. But it's aiming to make it a process that can be finished on a borrower's lunch break.

(Full story here.)
Attorney General Jeff Sessions
DOJ pot crackdown has yet to hit banks
Attorney General Jeff Sessions made headlines in January when he tightened federal marijuana enforcement. But the good news for financial institutions looking to service the pot industry is that the rest of the government has responded with a shrug.

(Full story here.)
AB-032718-DIGITAL (1).png
Latest weapon in battle for deposits: A digital-only bank
The field is crowded, but that's not stopping well-established banks from trying to reach new markets by creating separately branded digital units.

(Full story here.)
BBVA signage
BBVA-backed fintech launches global bank account
Denizen is designed for expats and migrants to receive money and make payments without international transfer fees or currency exchanges.

(Full story here.)
Here's how blockchain could help the mortgage industry
Governments are studying ways blockchain can safeguard property records and simplify how they get tracked.

(Full story here.)
State Street
Regionals may lose 'systemic' label, but they're not out of the woods
The regulatory relief bill frees some regional banks from the tough supervision reserved for larger companies, but regulators still can subject them to onerous requirements.

(Full story here.)
Sen. Lindsey Graham, R-S.C.
Graham unveils Senate measure to repeal CFPB payday rule
The congressional resolution to overturn the payday regulation comes as acting CFPB Director Mick Mulvaney has already said the agency will reconsider the rule internally.

(Full story here.)