Gonzobanker
OCTOBER 26, 2023
Trading terms for cost in contract negotiations can be a win-win for bankers – if they’re smart about it. In the spirit of Halloween, here’s a hypothetical question: You have a 5-year CD at a bank with two years left on its term. Your rate is below current rates. The bank offers you the option to renew for five years today at a rate higher than what you’re earning now but lower than the bank’s current new money rate.
Payments Dive
OCTOBER 26, 2023
The legislative proposals emerged at a Wednesday hearing during which lawmakers queried witnesses on payments and fintech issues.
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South State Correspondent
OCTOBER 26, 2023
Money 20/20 (M2020) is the only conference in the industry where it is both possible and expected to pull off two breakfasts, two lunches, three cocktail parties, and two dinners PER DAY. It’s a whirlwind of education, deal-making, eating, and hugging. In this article, we detail our thoughts and the trends we saw last week in Las Vegas from a banking perspective in hopes of giving you the flavor and insight from the conference without you having to walk 10 miles per day and listen to endle
Payments Dive
OCTOBER 26, 2023
"With credit card debt crossing the trillion dollar mark, we will be working to prevent bait-and-switch tactics when it comes to rewards,” CFPB Director Rohit Chopra said in a Wednesday press release.
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
TheGuardian
OCTOBER 26, 2023
Investigation for bank finds ‘serious failings’ in handling of Coutts move and treatment of ex-Ukip leader Business live – latest updates NatWest’s decision to close Nigel Farage’s bank accounts was lawful but there were “serious failings” in how it treated the former Ukip leader, an independent review commissioned by the bank has found. Lawyers hired by NatWest Group said the lender had acted “in accordance with the relevant bank policies and processes” when it decided to shut the accounts Fara
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
CFPB Monitor
OCTOBER 26, 2023
Earlier this month, in Fama v. Opportunity Financial LLC , a Magistrate Judge of the federal district court for the Western District of Washington held that the arbitration provision in OppFi’s installment loan agreement is enforceable and rejected the plaintiff’s contentions that the provision is substantively and procedurally unconscionable. This is the third federal district court decision—out of four putative class actions filed to date against OppFi by the same plaintiff’s counsel stating t
Payments Dive
OCTOBER 26, 2023
The launch of the point-of-sale option Avvance comes as nearly one in five consumers surveyed by the New York Fed say they've used buy now, pay later loans within the past year.
CFPB Monitor
OCTOBER 26, 2023
A Rhode Island federal district court recently refused to enforce a stand-alone class action waiver in the consumer plaintiff’s automobile lease agreement on the ground that it violates state public policy. The court in Metcalfe v. Grieco Hyundai LLC held that the class action waiver contravened Section 6-13.1-5.2 of Rhode Island’s Deceptive Trade Practices Act (DTPA), which provides that consumers “may … bring an action on behalf of themselves and other similarly injured and situated persons t
The Paypers
OCTOBER 26, 2023
Financial technology provider Bottomline has reportedly opened access to its B2B payment network to financial institutions, fintechs, and others.
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Incorporating generative AI (gen AI) into your sales process can speed up your wins through improved efficiency, personalized customer interactions, and better informed decision- making. Gen AI is a game changer for busy salespeople and can reduce time-consuming tasks, such as customer research, note-taking, and writing emails, and provide insightful data analysis and recommendations.
American Banker
OCTOBER 26, 2023
A federal court extended an injunction that halts the Consumer Financial Protection Bureau's rule until the Supreme Court rules on the bureau's constitutionality.
CFPB Monitor
OCTOBER 26, 2023
On October 3, 2023, the U.S. Supreme Court heard oral argument in CFSA v. CFPB , a case with profound potential implications for the future of the CFPB. The Court will rule on whether the CFPB’s funding mechanism violates the U.S. Constitution’s Appropriations Clause and, if so, what the appropriate remedy should be. .
BankInovation
OCTOBER 26, 2023
Neobanks can lean on data and rich client information to protect themselves from fraud attacks. Almost all neobank activity is accomplished through mobile devices, which makes digital institutions targets for fraudsters, Matt DeLauro, chief revenue officer at fraud prevention and anti-money laundering platform Seon, tells Bank Automation News on this episode of “The Buzz” podcast.
CFPB Monitor
OCTOBER 26, 2023
Last month, I moderated a live and virtual program at the American Bar Association Business Law Section 2023 Fall Meeting in Chicago. The program was entitled: “U.S. Supreme Court to Revisit Chevron Deference: What the SCOTUS Decision Could Mean for CFPB, FTC and Federal Banking Agency Regulations.” My co-panelists were Professor Jonathan S.
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Automation is changing the game for commercial lenders, offering a clear path to competitive advantage in 2025. Rising costs, outdated workflows, and manual data entry slow growth and impact borrower satisfaction. Automation addresses these challenges, reducing costs, speeding up loan cycles, improving accuracy, and elevating borrower experiences. With market uncertainty easing, now is the time to act—waiting until loan volumes rebound leaves lenders unprepared and struggling to compete.
BankInovation
OCTOBER 26, 2023
Lloyds Bank continued to prioritize the optimization of people, technology, and data in the third quarter. As part of its effort to gain efficiencies, the $1.9 trillion bank is focused on cost-effectiveness, Chief Financial Officer William Chalmers said during the bank’s Q3 earnings call on Wednesday.
CFPB Monitor
OCTOBER 26, 2023
On October 24, the Office of the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation issued a final rule amending their regulations implementing the Community Reinvestment Act. Although the final rule is effective April 1, 2024, the compliance date for the majority of the rule’s provisions is January 1, 2026. .
American Banker
OCTOBER 26, 2023
The Indiana bank said it agreed to acquire CapStar Financial in an all-stock deal that would hasten its growth in Tennessee.
The Paypers
OCTOBER 26, 2023
CellPoint Digital has announced a new partnership with Sabre to combine payment services with modern airline and travel retailing.
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In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
American Banker
OCTOBER 26, 2023
The Hicksville, New York, company beat analysts' expectations on net interest income, but a pair of souring office loans contributed to a 68% increase in nonperforming loans from the prior quarter.
Realwired Appraisal Management Blog
OCTOBER 26, 2023
I’ve had so many opinions that I’ve lived to regret. I’ve had opinions about appraising, software developers, coaching, productivity, chief appraisers, personal growth, therapy, AI, spirituality, sales, fee appraisers, weightlifting, education, marketing, running, marriage, reviewers, martial arts and a long list of random opinions, too many to mention.
American Banker
OCTOBER 26, 2023
The student loan servicer said that it's open to settling a high-stakes lawsuit filed by the Consumer Financial Protection Bureau during the Obama administration. It recorded a $45 million charge and said that the range of reasonably possible losses is between $0 and $250 million.
Bussman Advisory
OCTOBER 26, 2023
Join Oliver Bussmann at the Singapore FinTech Festival with 800+ speakers, policymakers, industry leaders, and innovators. Attend the premier FinTech, AI, ESG, Digital Assets conference in Singapore from November 15-17. Register using the code ‘SFFDISC_OLIVERBUSSMAN’ and link or a 20% discount! This week’s must-know stories in the FinTech, AI and Digital Asset space: JP Morgan’s JPM Coin processes $1 billion daily Google pitches offlice CBDC to central banks NVIDIA Report
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Remote Deposit Capture (RDC) clients are more likely to use additional treasury services and maintain larger deposits. However, poor customer experiences—particularly if they delay deposits—can compel RDC clients to take their business elsewhere. This eBook makes the case for outsourcing RDC operations to a proven managed services partner. This approach helps Treasury Departments with limited resources provide excellent client experiences that result in higher retention and productivity rates.
American Banker
OCTOBER 26, 2023
In the company's third-quarter earnings call, Krishna emphasized new and existing AI models banks and others could use to help developers, customer service people and workers in general become more efficient.
The Paypers
OCTOBER 26, 2023
Netherlands-based payment service provider Buckaroo has partnered with Silverflow to provide merchants with improved processing solutions.
American Banker
OCTOBER 26, 2023
CEO Scott Sanborn said it's unclear when demand from banks to buy the fintech's loans will return.
The Paypers
OCTOBER 26, 2023
NEO PAY , powered by Mashreq , has announced a partnership with fintech Nymbl to improve payments and ecommerce platforms for merchants in the UAE.
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As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.
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