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MetLife's Steve Kandarian (Bloomberg News)
"From the beginning, MetLife has said that its business model does not pose a threat to the financial stability of the United States," said Steven Kandarian, MetLife's chairman, president, and chief executive officer, in response to its court victory over FSOC.
Law & Regulation
MetLife Victory an 'Embarrassment' for FSOC, But Impact Unclear
by John Heltman
The DC District Court handed insurance giant MetLife a big upset win when it struck down the Financial Stability Oversight Council’s decision to apply a systemically risky label to the firm, but with few other firms facing similar designation, the practical impact of the ruling is uncertain.

Top Stories

Law & Regulation
How Treasury Is Trying to Shape State Digital Currency Regs
Model legislation in the works would give state legislatures a template for regulating virtual currency businesses. The Treasury is lobbying against clear exemptions for firms that don't control customer funds.  more »
BankThink
A 'Sticky' Customer Is Not Necessarily a Happy One
In many cases, customers aren't staying with a bank's brand because they are satisfied. They are staying with the brand because it's too hard to leave.  more »
Community Banking
Mutuals Courting Regulator Support for Supplemental Capital
Law & Regulation
Clinton vs. Trump: A Tough Choice for Small Bankers

Breaking News

Franklin in Tenn. Turns to Debt Sale After SBLF Exit 06:30PM ET
First State Bank of DeKalb County Buying Fellow Ala. Bank 03:52PM ET
CFPB Shuts Down Another Student Debt Relief Scam 01:54PM ET
Former ABA Chief Keating Joins Board of Okla. Bank 01:18PM ET
Huntington, Pistons Owner Pledge $25M for Flint Assistance 12:49PM ET
Court Strikes Down MetLife's 'Systemically Risky' Label 11:32AM ET
State Street to Buy GE Asset Management 08:56AM ET
Wells Fargo to Pay $8.5M to Settle Call-Recording Probe 08:52AM ET
Lew Warns About Dangers of Overusing Sanctions Powers 08:30AM ET

National/Regional

The Big Change Meant to Speed Up Leveraged-Loan Trades
Buyers of certain syndicated corporate loans have had an incentive to drag their feet closing trades; they will soon pay a hefty price if they don't do their part. The reform should help lenders get assets off their books faster.  read more »

Law & Regulation

New Coalition to Push for Payday Loan Alternatives
The Coalition for Safe Loan Alternatives intends to become a peer-to-peer forum for best practices among the alternatives to payday loans. The group will not advocate for policy changes. Rather, it aims to offer a platform for local organizations to share information and compare ways to offer low-cost access to credit.  read more »
FinTech Forward
'I Don't Want You to Have My Data Anymore'
'I Don't Want You to Have My Data Anymore'
Ryan Singer, CEO of startup Blockchain Health, explains how blockchain, multisignature and device ID technologies could give consumers greater control over their personal information — in this case, medical data — in the second part of a three-part conversation.

Part I: 'Everyone Is Less Secure Over Time'

  read more »

Consumer Finance

How the West Was Won … by Credit Unions
Credit unions have a dominant auto lending presence in the West, boasting as much as a 50% market share in some areas. Credit Union Journal explores what is driving that dominance.  read more »

Bank Technology

Why Barclays Sees Banking's Future as an Information Business
The U.K. bank's new business unit takes advantage of the massive amount of data it stores to offer a new array of products and services, including managing customers' digital identities.  read more »

Marketplace Lending

Why Online Lender Avant Is Moving into Auto
The subprime consumer lender currently rejects many of its personal loan applicants. It hopes to qualify more borrowers by offering cash to those who are willing to put their cars up as collateral.  read more »

Community Banking

Want to Compete with Online Lenders? Educate Borrowers
A program recently started in New York helps entrepreneurs improve their business plans and cash flow before sending them to a bank. The nonprofit lender behind the program, meanwhile, hopes to boost small-business borrowers' credit scores and lower their rates.  read more »

Dealmaking & Strategy

Banks Have Another Reason to Sell with SBLF Dividend Hike
Roughly 90 banks that participated in the government's lending program still owe money to the Treasury Department and face a massive dividend increase. Many of those could view selling as a better alternative to raising new capital.  read more »
American Banker Magazine
A Community Banker's Guide to Surviving the Next 184 Years
WSFS Financial has been around nearly two centuries, and CEO Mark Turner is going for another two. Has he found the road map for success?  read more »

Research Reports

In Pictures
Digital Identity Players to Watch
Video
'Everyone Is Less Secure Over Time'
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