Jeff For Banks

FEBRUARY 12, 2024

Be curious. That's how I approach Twitter ("X"). Yes, there are some dumpster fire opinions. But then again, there are some real valuable insights that I and we can learn from. And this most recent string by bank analyst Perry Weinstein is one of them that I thought should not be lost to a tweet stream. Perry's perspective is clearly focused on shareholder value and may be viewed as shareholder primacy, a sometimes derogatory term because pursuing shareholder value could be done at the expense o

Columbus 104

Columbus Indianapolis Capital Community Bank 104

Payments Dive

FEBRUARY 12, 2024

Visa, Mastercard and American Express are moving forward with use of a new gun merchant category code for credit card purchases in California, according to CBS News.

California 523

California Cards Report 523

CFPB Monitor

FEBRUARY 12, 2024

The American Fintech Council (AFC), a trade group whose members include providers of earned wage access (EWA) products, has sent a letter to Director Chopra urging the CFPB to take steps towards development of a “pragmatic regulatory approach” for regulating EWA products. In its letter, AFC discusses the “patchwork approach” to regulating EWA products that is emerging at the state level. .

Groups 97

Groups Fintech Regulation 97

Payments Dive

FEBRUARY 12, 2024

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

Fraud 259

Fraud Survey Report 259

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Groups

American Banker

FEBRUARY 12, 2024

Heartland Tri-State Bank, which failed after its CEO allegedly embezzled money to fund cryptocurrency investments, received $21 million in advances from the Federal Home Loan Bank system prior to failure.

Kansas 92

Kansas System cryptocurrency Compliance 92

American Banker

FEBRUARY 12, 2024

Most large banks now have a C-suite officer overseeing AI. Here's why and what such a job entails.

Technology 87

Technology 87

Payments Dive

FEBRUARY 12, 2024

The provider of bill-pay software services was expecting to extend its services to more of the bank's clients, but now the bank is changing its plans.

America 221

America Software 221

American Banker

FEBRUARY 12, 2024

Fintechs that "bank" children and teens should collect far less data about their young users, erase it sooner and be more transparent in policies that are often buried, say privacy advocates.

Fintech 87

Fintech Policies Data Compliance 87

TheGuardian

FEBRUARY 12, 2024

A ‘Britcoin’ would trade convenience for societal dangers that hard cash keeps in check Two years ago, the House of Lords looked into whether the Bank of England should issue digital pounds to be held in electronic wallets. Peers were unconvinced, asking if this wasn’t “ a solution in search of a problem ”. Last December, MPs on the Treasury select committee said the same thing.

cryptocurrency 84

cryptocurrency Online Management Payments 84

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Analysis

The Paypers

FEBRUARY 12, 2024

Bangko Sentral ng Pilipinas (BSP) has revealed the intention to launch a wholesale central bank digital currency (CBDC) by 2026.

blockchain 81

blockchain 81

American Banker

FEBRUARY 12, 2024

A new generative artificial intelligence tool from Ncontracts can assist in summarizing lengthy agreements with fintech partners and identifying important clauses.

Risk Management 78

Risk Management Management Tools Fintech 78

The Paypers

FEBRUARY 12, 2024

Cryptocurrency exchange OKX has announced its expansion into the Argentinian market as part of its ongoing strategy to tap the Latin American market.

cryptocurrency 78

cryptocurrency Strategy Marketing 78

American Banker

FEBRUARY 12, 2024

In the largest deal based on the bank's assets announced since January 1, 2023, the credit union has nearly $12 billion in total assets and the target bank more than $1.5 billion in total assets.

Industry 78

Industry 78

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Lending

CFPB Monitor

FEBRUARY 12, 2024

The South Dakota Division of Banking issued a Memorandum notifying all licensed money lenders and non-residential mortgage lenders of their Bank Secrecy Act/Anti-Money Laundering (“BSA/AML”) obligations under a 2020 Final Rule published by the Financial Crimes Enforcement Network (“FinCEN”). The final rule became effective in 2020, and the Memorandum requires licensees to comply by March 31, 2024.

South Dakota 78

South Dakota Compliance Regulation 78

BankInovation

FEBRUARY 12, 2024

Investors expect funding activity to rebound in 2024 following a year of uncertain macroeconomic conditions. In 2023, global fintech equity deals amounted to $39.2 billion, compared to $78.6 billion in 2022, recording a 50% year-over-year drop, according to a Jan. 18 State of Fintech report by CB Insights, a data intelligence company.

Fintech 77

Fintech Data Report Company 77

American Banker

FEBRUARY 12, 2024

The nation's largest credit union allegedly engaged in racial discrimination resulting in calls for further investigations and regulations. Had Navy Federal been subject to the Community Reinvestment Act it may have avoided this problem.

Community 74

Community National Regulation Compliance 74

BankInovation

FEBRUARY 12, 2024

J.P. Morgan Payments introduced its omnichannel checkout solution in January to offer a retail shopping experience that is native across shopping channels. “Merchants need to provide journeys that natively go across channels,” Jean-Marc Thienpont, managing director of omnichannel and biometric solutions at J.P. Morgan Payments, told Bank Automation News.

Payments 74

Payments Retail Mobile Online 74

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Capital

American Banker

FEBRUARY 12, 2024

The megabank recently received three notices of matters requiring immediate attention, and it also failed regulatory exams, Reuters reported. Since 2020, Citigroup's regulators have been pressuring the company to clean up its risk management systems.

Risk Management 74

Risk Management Regulation Management Report 74

Commercial Lending USA

FEBRUARY 12, 2024

FHA/ HUD LoansCommercial Lending USA is proud to offer FHA/HUD loans ranging from $2 million to $100 million. With our strong relationships with larger lenders and in-depth understanding of HUD’s evolving regulations and policies, we are well-equipped to guide our clients through the complex loan process successfully. We provide diverse FHA lending solutions for refinancing, acquisition, rehabilitation, and new construction across various sectors, including nursing homes, assisted living facilit

Lending 52

Lending Meeting Policies Regulation 52

American Banker

FEBRUARY 12, 2024

Mastercard, Visa and American Express are reportedly preparing to add merchant codes to identify firearm purchases, forcing the networks to straddle a hot-button issue in an election year.

California 67

California Cards Report Policies 67

The Paypers

FEBRUARY 12, 2024

Moneyhub has announced that it has been named as a supplier of CCS’s Open Banking Dynamic Purchasing System framework for the UK government.

System 50

System 50

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Operations

American Banker

FEBRUARY 12, 2024

With countless fintechs nipping at its heels, the bank is working harder to be a one-stop shop for e-commerce, retail store management, payments and authentication.

National 63

National Retail Fintech Management 63

The Paypers

FEBRUARY 12, 2024

Crypto wallet app COCA has announced the rollout of its virtual cards, following the success of its early access programme.

Cards 45

Cards 45

ABA Community Banking

FEBRUARY 12, 2024

Conference attendees will also hear from the presidents and senior leadership from all 11 Federal Home Loan Banks and attend sessions on core platforms, FedNow, artificial intelligence and cybersecurity, small business lending and more. The post Bowman, Hsu to speak at ABA’s Conference for Community Bankers appeared first on ABA Banking Journal.

Conference 40

Conference Community Leadership Lending 40

The Paypers

FEBRUARY 12, 2024

American corporation Visa has extended digital wallet capabilities within its suite of B2B payment solution, Visa Commercial Pay, as well as its availability.

Payments 45

Payments 45

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