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The Russia probe puts a national spotlight on a Chicago bank exec; CFPB's Mulvaney and Sen. Warren face off (again) while a credit union CEO takes a surprising position on the industry's tax exemption.
Steve Calk

The community banker who got tangled up in the Russia probe

Stephen Calk is in the national media glare because his small Chicago-based bank made two enormous loans to Paul Manafort, President Trump's onetime campaign manager. Here's a look at Calk's career and how he ended up in this spot.

(Full story here.)
Sen. Elizabeth Warren and Mick Mulvaney, acting CFPB director.

Gloves off in CFPB tug of war between Mulvaney, Warren

The war of words between acting Consumer Financial Protection Bureau Director Mick Mulvaney and Sen. Elizabeth Warren, D-Mass., the agency's architect, is escalating.

(Full story here.)
Sen. Orrin Hatch, a Republican from Utah and chairman of the Senate Finance Committee.

I'm a credit union CEO who agrees with Hatch: Tax big credit unions

Lawmakers should consider taxing large, banklike credit unions that have strayed from their original fields of membership, argues a credit union executive.

(Full story here.)
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Is this the future of cross-selling?

The digital-only Ally Bank has taken several steps to deepen customer relationships through electronic channels, including use of personalized emails and websites that have yielded strong click-through and loyalty rates.

(Full story here.)
Breakdown of 2018 JPM investments

Will JPMorgan's splashy tech investment pay off?

The bank will spend an additional $1.4 billion on technology in 2018 to gain share and boost efficiency, executives said Tuesday. But they were peppered with questions about whether the big investment will yield a big financial return down the road.

(Full story here.)
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Tiny Kansas bank bets big on fintech

While the $632 million-asset nbkc bank was the smallest known participant in the recent round of funding for Greenlight, the investment wasn't its first foray into fintech.

(Full story here.)
A BB&T branch.
Signage is displayed outside a BB&T Corp. bank branch in Louisville, Kentucky, U.S., on Tuesday, Jan. 17, 2017. BB&T Corp. is scheduled to release earning figures on January 19. Photographer: Luke Sharrett/Bloomberg
Luke Sharrett/Bloomberg

BB&T fixes ATMs hit by tech glitch, but online banking still down

The North Carolina bank is the latest regional to experience a widespread outage.

(Full story here.)
Stats on Aspiration Banks' anti-fraud efforts

How this digital-only bank lowers risk of sign-up fraud

Aspiration Bank relies on software tools to pull data from diverse sources to prevent fraud in account applications.

(Full story here.)
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3 reasons why Ocwen Financial is buying PHH Mortgage

From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp.

(Full story here.)
Acting CFPB Director Mick Mulvaney
Mick Mulvaney, director of the Office of Management and Budget (OMB), smiles during a Senate Budget Committee hearing in Washington, D.C., U.S., on Tuesday, Feb. 13, 2018. Mulvaney discussed the $4.4 trillion federal budget plan that would slash entitlements and other domestic programs in favor of higher spending on the military and immigration enforcement. Photographer: Zach Gibson/Bloomberg
Zach Gibson/Bloomberg

CFPB's Mulvaney jabs at Warren while endorsing credit unions

Acting CFPB Director Mick Mulvaney dismissed concerns by Sen. Elizabeth Warren, D-Mass., about his leadership of the consumer agency while supporting a lighter regulatory touch for credit unions.

(Full story here.)
Christopher Wood
Credit unions Community banking Fintech Fraud M&A Mick Mulvaney Elizabeth Warren CFPB News & Analysis JPMorgan Chase BB&T
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