Consumer banking
The banking industry needs women to polish its tarnished image, insists Jill Castilla, the CEO at Citizens Bank of Edmond (Okla.).
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Institutional investors are betting that Americans still want backyards and porches even if they don't have the credit to buy stand-alone homes of their own, according to equity research analyst Ivy Zelman. She says that's a good thing for renters. "They can professionalize a very antiquated industry and provide the consumer with more choices for a different type of shelter," she says.
September 16 -
The head of the Independent Community Bankers of America says the government has gone too far demanding banks act like law enforcement.
September 11
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Tight credit standards and student loan debt may be holding back the housing market, but equity research analyst Ivy Zelman thinks that homeownership will pick up along with the cyclical recovery. Banks are already "incrementally easing" their requirements for mortgage applicants with credit scores above 660, she says, and banks need to "fill the void" left by the refinancing slump.
September 8 -
As banks lower down payment requirements and graduates get a handle on student loan debt, young people in their twenties and thirties are inching back toward homeownership, according to equity research analyst Ivy Zelman. "The perception that no millennial is buying today is just false," Zelman says.
September 2 -
Every day, consumers give out their credit card or bank account numbers to strangers whom they trust to take out the correct amount and safeguard their sensitive information. "That's terrifying if you really step back and think about it," says Jeremy Allaire of Circle Internet Financial.
August 25 -
Regulators should be focusing on the greatest risks to the system and the safety and soundness of financial institutions, rather than pushing lawful businesses to the shadow banking system, says consultant and former California regulator Walter Mix.
August 13 -
Hal Brown and Roger Busse discuss how a thorough succession plan can reassure your regulators, why medical lending has been so hot recently and how to stand out among larger competitors.
August 7 -
On the West Coast, bankers are talking about starting new banks after a long period with scarcely any new charters, according to industry consultant and former California regulator Walter Mix. While in the aftermath of the crisis regulators seemed to have an unofficial moratorium on de novos, they now appear poised to evaluate applications on the merits, he says. Meanwhile, banks seeking approvals for mergers today can expect to be evaluated on a host of compliance matters, including unfair and deceptive acts and practices, Mix says.
August 5 -
Following a wave of enforcement actions against global and national institutions, regulators are now scrutinizing the anti-money laundering controls of community banks, says Walter Mix, a consultant and former regulator. Examiners are raising questions about banks' transaction monitoring systems, as well as the documentation supporting decisions about enhanced due diligence (such as whether to file suspicious activity reports), he says.
July 29
