Payments Dive

JULY 11, 2023

Regulators say Bank of America opened credit card accounts without customers’ consent and misled consumers with respect to rewards for card applications.

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BankInovation

JULY 11, 2023

The New York Federal Reserve along with financial institutions including Citibank, HSBC, Wells Fargo and Mastercard ran a 12-week pilot to test the feasibility of settling payments through a digital dollar on a distributed ledger system, finding that a digital dollar can make cross border payments available faster and around the clock.

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Payments Dive

JULY 11, 2023

Lawmakers passed a bill that limits the surcharge a merchant can impose on consumers to the cost of processing a credit card transaction.

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New Jersey Cards 186

TheGuardian

JULY 11, 2023

Exclusive: Disclosures about ex-minister Jonathan Djanogly turn spotlight on controversial mechanism used to buy shares Which UK MPs own shares in publicly listed companies? A Conservative MP and former minister is listed in shareholder registers as personally owning stakes in companies worth nearly £500,000, raising questions about the effectiveness of the controversial parliamentary “blind trust” system used to buy the shares.

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System Company Groups Industry 78

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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.

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Payments Dive

JULY 11, 2023

Differences in the firm’s U.S. and European systems meant the neobank would use its own money to erroneously refund certain declined payments, the Financial Times reported.

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Report Payments System 150

Payments Dive

JULY 11, 2023

The new legislation creates a requirement that earned wage access providers operating in Missouri must register with the state.

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TheGuardian

JULY 11, 2023

Average rate rises to 6.66%, according to Moneyfacts, in more bad news for homeowners UK interest rates likely to rise again despite slowing labour market Two-year fixed mortgage rates in the UK have risen to the highest level since the 2008 financial crisis, adding to the pressure on homeowners. A typical two-year deal has risen to 6.66%, up from 6.63% on Monday, according to the data provider Moneyfacts.

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CFPB Monitor

JULY 11, 2023

The Nevada Legislature recently passed Senate Bill 276 (“SB 276”), which permits employees of Collection Agencies to work from remote locations and exempts certain entities from qualifying as a “Collection Agency.” The provisions of SB 276 relevant to Collection Agencies will become effective on October 1, 2023. SB 276 amends Nev.

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Nevada 60

American Banker

JULY 11, 2023

At a hearing Tuesday, consumer advocates called for a ban on deferred interest credit cards, and CFPB Director Rohit Chopra echoed their concerns. The agency signaled that actions to combat unfair fees in the medical realm could be coming soon.

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Cards Policies Compliance Regulation 69

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Dive into the complexities of New York lien laws with our comprehensive eBook, 'New York Lien Law Essentials: 5 Key Facts for Commercial Lenders.' In this detailed guide, we explore the critical formalities necessary for lenders navigating ground-up construction and fix-and-flip projects in the New York market. From documentation requirements to the implications of non-compliance, learn how to safeguard your lending position and prioritize legal adherence.

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CFPB Monitor

JULY 11, 2023

The Nevada Legislature recently passed Assembly Bill 332 (“AB 332”), which amends Nev. Rev. Stat. Title 55 relating to Banks and Related Organizations to add a new chapter regulating Private Education Lenders and Student Loan Servicers. The provisions of SB 322 will become effective on January 1, 2024. AB 332 exempts the following entities from its requirements: Banks; Savings and loan associations; Savings banks; Thrift companies; Credit unions; The Nevada System of Higher Education; The West

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Nevada Regulation System Company 60

ATM Marketplace

JULY 11, 2023

Following high profile deadly shootings at ATMs, the industry is calling on Congress to act to protect access to cash.

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ATM Industry 80

American Banker

JULY 11, 2023

JPMorgan Chase hired Silicon Valley Bank veteran John China to co-lead the business of banking venture capitalists and startups, part of the firm's growth strategy for the sector.

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Strategy 66

William Mills

JULY 11, 2023

Just a few short weeks ago, Victor Wenbanyama got his spot as the first pick in the 2023 NBA draft. As the celebrations are winding down and the 7’4” Frenchman is enjoying the last bits of his offseason before he makes the big move to San Antonio, he is most likely preparing for a new routine, new culture and a new place to call home for the next few years.

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San Antonio 59

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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American Banker

JULY 11, 2023

Leigh Brady recently took over as chief executive of SECU, the second-largest credit union in the U.S. Don't look for any mergers under her leadership, Brady said, but she will focus on branch expansion and improving its use of technology.

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Leadership Lending Technology 57

BankInovation

JULY 11, 2023

Bank of America is looking to AI and machine learning within its accounts-payable technology capabilities. The $3.

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America Data Management Technology 52

American Banker

JULY 11, 2023

The Consumer Financial Protection Bureau ordered Bank of America to repay $100 million to customers who were charged multiple penalty fees when their accounts did not have enough money to cover payments, as well as those who did not receive the credit card rewards they were promised. The bank was also fined for opening a small number of accounts without customers' authorization.

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America Cards Payments Compliance 53

The Paypers

JULY 11, 2023

Australia-based independent third-party solar and energy monitoring provider Solar Analytics has launched the Integrated+ monitoring system.

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Analytics System 53

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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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American Banker

JULY 11, 2023

Guy Harris and Eric Hoffman joined the company's leadership team to help it manage an industrywide spike in suspect payments.

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America Leadership Apple Fraud 60

The Paypers

JULY 11, 2023

UnionPay International (UPI) and the National Bank of Cambodia have signed a Memorandum of Understanding (MOU) to promote QR code interoperability for cross-border mobile payments.

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National Mobile Payments 28

American Banker

JULY 11, 2023

Ally, Truist, Citizens and SoFi are among the banks that offer student loan repayment benefits. The recent Supreme Court decision striking down President Biden's loan forgiveness plan could give a leg up to companies that provide such assistance to their employees.

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Company Industry 36

The Paypers

JULY 11, 2023

Denmark-based credit decisioning solution Monthio has partnered with Open Banking connectivity provider Enable Banking to facilitate loan approval procedures in Spain.

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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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American Banker

JULY 11, 2023

Management, in exchange, has agreed to assist company lawyers in potentially lucrative actions against firms they blame for BlockFi's collapse including FTX and failed crypto hedge-fund Three Arrows Capital.

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Management Capital Company cryptocurrency 36

The Paypers

JULY 11, 2023

London-based financial superapp Revolut has reportedly lost USD 20 million due to criminals having exploited a loophole in the app’s payment system in the US.

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US Payments System Report 28

American Banker

JULY 11, 2023

Canada's banking regulator is proposing to make it more costly for lenders to accommodate mortgage borrowers who stretch out their loans in an effort to limit housing-market risks in the financial system.

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Capital Regulation System Marketing 36

The Paypers

JULY 11, 2023

SerVme, a reservation and guest CRM platform, has started a collaboration with Network International, a digital commerce solution provider headquartered in Dubai.

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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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