Regulators propose new capital treatment for higher-risk CRE exposures
The changes mandated by the recent regulatory relief law would narrow the definition of "high-volatility commercial real estate" exposures that get a higher risk weight.
Consumer banking
For Santander’s U.S. unit, even having a growth plan is an achievement
Scott Powell, the CEO of Santander Holdings USA, has spent years contending with a host of regulatory problems. He outlined a long-range vision that includes a branch-focused retail push and possible acquisitions.
Sunflower Bank in Denver forms structured finance group
The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.
Startup’s mission: Help cash-strapped students finish college
It bothered Jeannie Tarkenton, founder of Funding University, that too many kids from lower-income families didn't graduate because they lacked just a few thousand dollars and couldn't get a loan.
Wells Fargo is eyeing a piece of the $1.4 trillion student-debt pie
Wells Fargo & Co. is considering whether to jump-start its shrinking student-lending business by catering to borrowers holding U.S. government loans.
OnDeck reports record profit in 2Q, eyes second bank partnership
The online small-business lender was aided by loan growth, wider margins and stable credit trends. Its shares surged by 25% after second-quarter earnings were announced.
ICBA calls for a new FDIC moratorium on industrial loan charter applications
The industry group wants the FDIC to reject an ILC request from student lender Nelnet and impose a two-year ban on future applications.
What 2Q says about the outlook for consumer credit
Bank of America’s consumer loans grew a lot. But its rivals? Not so much. The mixed results raise questions about whether BofA’s performance is a leading or trailing indicator, and if credit quality is going to be more of a problem industrywide.
By
Andy Peters
This month could be a turning point in fintech regulation
Online lenders and other firms await news from OCC and Treasury on the future of their supervision, even as they absorb the news that Square had to temporarily pull its industry loan company application.
Insolvent insurer causes headache for Va. bank’s student lending
Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.
HomeStreet to sell $5B in mortgage servicing rights
The deal is designed to improve capital ratios and reduce risk at the Seattle company.
What’s behind the slowdown in CRE lending
Commercial real estate is their bread and butter, but many banks are scaling back in this vital loan category. Here’s why.
By
Andy Peters
Student loan servicing giant seeks industrial bank charter
Nelnet’s planned bank would be an online enterprise focused on gathering deposits and making private student loans.
Look out Ally, Santander Consumer: Here comes Fiat Chrysler
Fiat Chrysler is expected to announce Friday that it will establish its own captive finance unit in the U.S. The move could be bad news for its lending partners.
Uneasy transition: Banks prepare for Libor’s demise
The London interbank offered rate will likely be replaced by a new reference rate that critics say is better suited for the derivatives market than it is for commercial lending.
Congress seals deal on Dodd-Frank reforms
The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups.
Wells Fargo to pay $480M to settle suit tied to fake accounts
The class-action lawsuit filed by investors alleged that bank executives deliberately failed to disclose the full nature of its cross-selling practices to shareholders.
Small banks count on new appraisal rule to boost CRE lending
The removal of costly appraisal requirements on tens of thousands of smaller commercial properties could help community banks better compete for loans they say they have been losing to nonbank lenders.
By
Andy Peters
Ally seizes opportunity in used-car lending
Record originations on "better-yielding" used-car loans helped drive a 14% increase in its first-quarter profit. But Ally's shares were down Thursday on concerns of rising deposit costs.
Gillibrand aims to ‘wipe out’ payday lenders with postal banking bill
The New York senator offers legislation to empower U.S. post offices to take deposits and make loans.
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