Payments Dive
FEBRUARY 21, 2024
While both Mastercard and Visa will be impacted by Discover Financial Services’ plan to be acquired by card issuer Capital One, the former is likely to bear the brunt of the blow.
CFPB Monitor
FEBRUARY 21, 2024
As previously reported , in 2023 bills were introduced in the U.S. House of Representatives (H.R. 4198) and the U.S. Senate (S. 3502) to amend the Fair Credit Reporting Act (FCRA) to curtail the practice of trigger leads with mortgage loans. While the goals of the bills are the same, the language of the bills differ.
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Payments Dive
FEBRUARY 21, 2024
While the $35 billion acquisition is expected to prompt antitrust concerns related to consumer card lending, regulators may see competition benefits in the card network arena.
CFPB Monitor
FEBRUARY 21, 2024
On February 14, 2024, the Minnesota Bankers Association and Lake Central Bank (the “Plaintiffs”) filed their memorandum in opposition to the Federal Deposit Insurance Corporation’s (FDIC) motion to dismiss their challenge to the FDIC’s supervisory guidance on NSF fees. In June 2023, the Plaintiffs filed a complaint seeking declaratory and injunctive relief under the Administrative Procedures Act (APA) against defendants FDIC and Chairman Martin J.
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Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.
Payments Dive
FEBRUARY 21, 2024
Three senators, including Elizabeth Warren, asked Zelle owner Early Warning Services to provide detailed information about its fraud reimbursement policy.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
BankInovation
FEBRUARY 21, 2024
U.S. Bank is using technology company Pagaya to leverage its AI-driven underwriting for personal loans to consumers. Pagaya’s AI-powered credit decisioning platform will conduct a secondary review for consumers who are usually locked out of the credit market, according to the bank’s Feb. 15 release. Pagaya provides U.S.
American Banker
FEBRUARY 21, 2024
The credit card lender's blockbuster acquisition of Discover is not guaranteed to get across the finish line. But co-founder and CEO Richard Fairbank appears to see the rewards that would come from controlling a payments network as outweighing the potential downside.
BankInovation
FEBRUARY 21, 2024
HSBC plans to increase spending in 2024 as the bank invests in technology and its people. Costs are expected to grow to $31.2 billion, up 5% compared to 2023 due to higher technology spend and an increase in staff compensation, according to the bank’s fourth-quarter 2023 earnings release.
BankUnderground
FEBRUARY 21, 2024
Alice Crundwell and William Bennett Accurate measures of the number of firms at risk of failure are becoming increasingly important for policymakers, as corporate insolvencies are continuing to rise and interest rates are expected to remain higher than over much of the past decade. The share of vulnerable firms is often assessed by looking at debt-servicing ability via the interest coverage ratio (ICR) – companies’ earnings before tax and interest divided by their interest expense.
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Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment
William Mills
FEBRUARY 21, 2024
In our previous blog , we explored the fundamental role that lead generation plays in the growth of fintech companies. As we continue the conversation, we’ll be diving deeper into some of the tactics and tools that empower fintechs to stay ahead in this highly competitive landscape.
BankInovation
FEBRUARY 21, 2024
Allison Baller, Federal Reserve Bank of Boston vice president and head of industry readiness for FedNow, will speak at Bank Automation Summit U.S. 2024. Baller will join the panel “Strategies for automating real-time payment processes” on Tuesday, March 19, at 3 p.m. CT.
American Banker
FEBRUARY 21, 2024
Some analysts said that the Capital One-Discover deal would undercut the reasoning behind the Credit Card Competition Act — authored by Sen. Dick Dubrin, D-Ill. — which aims to spur competition for Visa and Mastercard.
TheGuardian
FEBRUARY 21, 2024
Bank’s profits rise 57% but it says there is ‘significant uncertainty’ over liability amid FCA investigation Business live – latest updates Lloyds Banking Group has been forced to put aside £450m for potential fines and compensation for motor finance customers, after the UK regulator opened an investigation into whether consumers had been charged inflated prices for car loans.
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Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending. With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Our Budget Playbook for Commercial Lenders delivers key strategies to help you navigate these challenges, ensuring your institution is well-positioned for the coming year.
American Banker
FEBRUARY 21, 2024
The combined company could streamline card payments in a manner similar to American Express' "three party network" — while also doing more with artificial intelligence and other technologies.
Realwired Appraisal Management Blog
FEBRUARY 21, 2024
What happens if a Chief Appraiser doesn’t run a world-class department? What’s the impact on your bank? What great looks like (WGLL – pronounced wiggle) for Chief Appraisers involves the intricate task of orchestrating appraisals efficiently while mitigating risks. Most Chief Appraisers want a well-run appraisal department but do they execute on that promise?
American Banker
FEBRUARY 21, 2024
London-based global money-transfer firm TerraPay has hired Ruben Salazar Genovez, the longtime global head of Visa Direct, in a new role as the startup's president; U.K. challenger bank Revolut has added a tool that uses machine learning to flag payments for fraud; and more.
The Paypers
FEBRUARY 21, 2024
US-based provider of vertically-integrated payment solutions REPAY has announced am improve technology integration for Sage Intacct.
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With automation, you’ll reduce errors and save valuable time, allowing you to focus on what really matters: strategic analysis and insightful decision-making. Picture accurate financial reports ready at your fingertips, giving you the confidence to tackle business challenges head-on. Embracing automation not only boosts productivity but also elevates your role from number cruncher to closing rockstar.
American Banker
FEBRUARY 21, 2024
The world's largest credit union said that Dietrich Kuhlmann, a retired rear admiral and currently the institution's chief operating officer, would succeed retiring CEO Mary McDuffie on March 1.
The Paypers
FEBRUARY 21, 2024
UK-based payments platform BVNK has gone live in Europe after receiving its local EMI licence, following the acquisition of System Pay Services in 2023.
American Banker
FEBRUARY 21, 2024
The top five banks and thrifts have combined total deposits of more than $7 trillion as of September 30, 2023.
The Paypers
FEBRUARY 21, 2024
Bud Financial has announced its partnership with Fintech Galaxy in order to provide customers in the MENA region with Open Banking and AI-powered services.
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Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
American Banker
FEBRUARY 21, 2024
The American Bankers Association's latest credit conditions indices show that economists at major banks are feeling more confident about commercial lending in 2024 — but they stop far short of a ringing endorsement.
The Paypers
FEBRUARY 21, 2024
UK-based fintech provider Velmie has announced the roll out of its new Business Banking Platform that addresses the challenges of financial service providers and fintechs.
American Banker
FEBRUARY 21, 2024
In implementing Section 1033, the Consumer Financial Protection Bureau is leaving out auto loans, one of the largest sources of consumer debt.
The Paypers
FEBRUARY 21, 2024
Hong Kong-based payment service provider MoneyCollect has gone live in Latin America with its suite of payment options tailored for local consumers.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
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