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
"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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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
The legislative proposals emerged at a Wednesday hearing during which lawmakers queried witnesses on payments and fintech issues.
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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.
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
A burst of industry acquisition activity this month, after a mid-year lull, is expected to continue for the rest of the 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
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.
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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
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
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
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.
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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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.
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 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.
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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.
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
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.
The Paypers
OCTOBER 26, 2023
CellPoint Digital has announced a new partnership with Sabre to combine payment services with modern airline and travel retailing.
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.
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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.
The Paypers
OCTOBER 26, 2023
J.P. Morgan Payments has partnered with identity platform Trulioo to enable global identity verification services and support a more simplified payment experience.
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
Intensifying economic pressures caused Bread Financial's customers to cut their credit card spending by 13% during the third quarter as the rate of delinquent accounts rose.
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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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