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Next up for BB&T-SunTrust: Deciding where to unload branches

BB&T-SunTrust deposit share in five cities
The banks, which plan to merge as Truist Financial, are expected soon to start selling hundreds of branches in the Southeast to satisfy antitrust concerns and increase efficiency.

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Cheat sheet: Trump administration's road map for GSE overhaul

Treasury Secretary Steven Mnuchin
Steven Mnuchin, U.S. Treasury secretary, speaks during a news conference at the Group of Seven (G-7) finance ministers and central bank governors meeting in Chantilly, France, on Thursday, July 18, 2019. Global finance chiefs found common ground in their fear of Facebook Inc.’s Libra initiative as they met to discuss more contentious issues from digital taxation to the economic outlook. Photographer: Jasper Juinen/Bloomberg
Jasper Juinen/Bloomberg
The Treasury Department made clear in a much-anticipated report that it prefers Congress take up reform of the government-sponsored enterprises, but it also recommended steps that federal agencies could take without legislation.

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PNC goes live on RippleNet

PNC Bank signage
PNC Bank signage is displayed on a door at a branch in Washington, D.C., U.S., on Tuesday, Nov. 11, 2014. PNC Financial Services Group Inc., the second-biggest U.S. regional bank, posted third-quarter profit last month that beat analysts' estimates as asset-management revenue increased. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
PNC has gone live on RippleNet, giving the blockchain company a major win in its effort to build a real-time cross-border payments network that includes large U.S. banks.

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Why the CFPB's payday rule is in the hands of a Texas judge

Kathy Kraninger, director of the Consumer Financial Protection Bureau, speaks during an event at the Bipartisan Policy Center in Washington on April 17, 2019.
Kathy Kraninger, director of the Consumer Financial Protection Bureau (CFPB), speaks during an event at the Bipartisan Policy Center in Washington, D.C., U.S., on Wednesday, April 17, 2019. Kraninger, confirmed in December by the Senate, took over an agency created by the 2010 Dodd-Frank Act that regulates everything from credit cards to mortgages. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
Consumer Financial Protection Bureau Directors Kathy Kraninger is under pressure to ask a federal judge to lift a stay that has kept the agency's short-term-lending rule from going into effect.

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CFPB should have a say in bank mergers

CFPB headquarters
The seal of the Bureau of Consumer Financial Protection is displayed on a door at the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Monday, March 4, 2019. House Financial Services Committee Chair Maxine Waters will hold a hearing this week on the semi-annual review of the CFPB. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
An agency with a mission to protect consumers deserves to have a role in approving M&A deals.

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Tribes push for historic carve-out in CRA reform plan

AB-083019-CRA2
Seeking to expand financial services access, tribal officials and some firms want regulators to award Community Reinvestment Act credit to any bank that funds projects in Native American communities.

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Temenos will buy digital banking software vendor Kony

Temenos CEO Max Chuard.
The core-banking provider Temenos, based in Geneva, was drawn to Kony's strong U.S. presence, its software for banks and a special app it owns.

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Traditional banks continue to flirt with obsolescence

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zapp2photo - Fotolia
Banks have to be more resourceful with technology and less dependent on high interest rates.

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Let's put some perspective around the small-dollar loan debate

CFPB headquarters
Signage is displayed inside the Consumer Financial Protection Bureau (CFPB) headquarters in Washington, D.C., U.S., on Monday, March 4, 2019. House Financial Services Committee Chair Maxine Waters will hold a hearing this week on the semi-annual review of the CFPB. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
The debate over the CFPB's plan to revamp its payday lending regulation should focus on the benefits for borrowers.

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Has removing tax lien data from credit records led to more bad loans?

AB-090319-LIENONME.jpg
A year after the major credit bureaus agreed to strip tax liens and civil judgments from consumers' credit files, a new study says it is hampering lenders' credit decisions. But proponents of the move insist it was the right call.

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Branch banking Consolidations GSEs Blockchain Payday lending CRA Small-dollar lending Credit quality BB&T SunTrust Truist Financial PNC CFPB News & Analysis
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