Banking
Top stories summarized by our editors
2/21/2019

While the US economy is considered to be broadly healthy, CreditSights researchers point out trends that could prove adverse. Among them, banks appear to be tightening criteria for commercial and industrial loans, the number of new consumer credit accounts has fallen 6% from its 2016 peak and a University of Michigan survey shows a drop in consumer confidence.

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University of Michigan
2/21/2019

Blockchain technology has been touted for the security it provides, but recent incidents show it can be breached by hackers in certain circumstances.

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blockchain technology
2/21/2019

Mortgage applications in the US gained 2.5% year over year in the week that ended Wednesday, according to a Mortgage Bankers Association survey.

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HousingWire
2/21/2019

Federal Reserve officials are largely in agreement on terminating the bank's balance-sheet wind-down by the end of 2019, according to minutes from the Federal Open Market Committee's January meeting. The minutes show committee members were divided on whether further interest rate hikes should be introduced this year.

2/21/2019

The Consumer Financial Protection Bureau has only sought customer refunds in one of its six settlements this year. Two of the companies did pay refunds and, in some circumstances, refunds may not be appropriate, an expert said.

2/21/2019

Small-dollar lending is regulated by states, and the Consumer Financial Protection Bureau's rewrite of a small-dollar lending rule is "a welcome first step toward regulatory modesty," writes the editorial board of The Wall Street Journal. The rule written during Richard Cordray's term as CFPB director would have decimated the industry, the board writes.

2/21/2019

Banks are adding technology that includes tablets, interactive experiences and video to branches. A PwC survey finds 2 in 3 respondents say branches are important to them.

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BizTech online
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PwC
2/21/2019

Bank of America Merrill Lynch's Fernando Iraola says growth could slow in the US and China this year, affecting the corporate treasury landscape. "Because the cost of funding associated with leverage is increasing, and there is a potential slowdown in economic growth, de-leveraging has to be part of the gameplan from a corporate treasury standpoint," he says.

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Treasury Today
2/21/2019

As schemes to defraud banks become ever more bold and sophisticated, banks must focus the movement of funds and keeping fraudulent money from leaving the bank.

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Pymnts
2/21/2019

Corporations operating in many international jurisdictions may be saddled with hundreds of bank accounts, an area ripe for streamlining. "Overall, corporates should make sure their banking partners understand where they fit into the general treasury strategy," said Pieter Sermeus of Zanders.

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Treasury Today