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BofA, Chase, Wells Fargo pilot service to rein in screen scraping

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The three banks have joined others in a program endorsed by The Clearing House that aims to make data-sharing agreements with aggregators like Plaid and Finicity work more effectively.

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Huntington shuttering dozens of in-store branches in Michigan

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The Columbus, Ohio, company plans to close nearly 200 branches in the state — including more than 90 in Meijer grocery stores — after it acquires TCF Financial. It also intends to significantly boost its technology spending to improve its digital capabilities.

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Biden team lays groundwork to reverse Trump-era banking policies

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The new administration is wasting no time assembling a team of regulatory appointees and urging agencies to pause pending rules.

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Fifth Third CEO 'very concerned' about fintechs

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Greg Carmichael said lightly regulated challenger banks pose a long-term threat to traditional banks, echoing comments JPMorgan Chase's Jamie Dimon made last week.

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Truist spending $1.8 billion on tech, customer service upgrades

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The investments, part of a post-merger effort to wring out more profits, include new commercial and mortgage lending platforms.

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Deposit glut ties Regions' hands

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Deposits are soaring while loan demand lags and mortgage-backed securities offer weak returns. So the Alabama company has parked loads of cash at the Fed in hopes the economy will pick up steam before profit margins suffer.

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What will incoming CFPB chief do with $570 million consumer aid fund?

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The agency has amassed more in fines than it has returned to wronged customers. With Democrats now in power, some hope the bureau will allocate the unused money more aggressively.

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What will drive bank M&A in 2021

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Mergers and acquisitions were largely on ice in 2020, but banks' mounting need to control expenses and invest heavily in technology could spur a comeback this year.

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KeyCorp set to roll out digital bank for doctors

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The Cleveland company will launch the service in March to broaden relationships its Laurel Road student loan refinancing unit has built with health care professionals.

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Will Biden, Democrats renew push to tax big banks?

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A tax that banks successfully opposed throughout the Obama administration was endorsed by the president on the campaign trail and is supported by many prominent Democrats in Congress as a means of funding government spending.

(Full story here.)
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