Banks tackle Q3 hurdles, look to Q4 for earnings growth
American Banker
DECEMBER 9, 2024
The Federal Reserve's interest-rate cut came too late in the third quarter for banks to capitalize on. Leaders say the fourth quarter will yield better growth.
Mon.Dec 09, 2024
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Claims management companies circle after UK court ruling on mis-sold car finance
TheGuardian
DECEMBER 9, 2024
Specialist law firms and CMCs could be in line for massive payday with their cuts from consumer compensation A cloud of anxiety was hanging over the British Motor Museum. Alongside showrooms featuring the 1988 Le Mans-winning Jaguar XJR-9 and the Land Rover Defender used in opening scenes of the James Bond film Skyfall, were conference rooms filled with worried lawyers, bankers and compliance staff from across the motor lending industry.
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4 reasons banks are unlikely to make Synapse end users whole
American Banker
DECEMBER 9, 2024
Customers of fintechs affected by Synapse's bankruptcy have been waiting since May for money they had in their accounts, and $65 million to $85 million still appears to be missing.
How To Buy Happiness With Money
BankBazaar
DECEMBER 9, 2024
Did you know that those currency notes lying idle inside your wallet have the power to make you happy? Let’s find out how. You read it right! Money can buy you happiness, provided you know how to spend it right. We know youve been told otherwise, quite a number of times, but once you finish reading this article, hopefully youll see what we see.
Fall In Love With the Month-End Close
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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.
Union organizers inside Wells Fargo eye first victory at a non-branch unit
American Banker
DECEMBER 9, 2024
The unionization push by members of the bank's conduct management intake team has been hotly contested. If approved, it would represent a landmark in the effort to organize workers at the $1.9 trillion-asset bank.
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Judge strikes blow to CFPB's $8 credit card late fee rule
American Banker
DECEMBER 9, 2024
U.S. District Judge Mark T. Pittman wrote that trade groups that sued the Consumer Financial Protection Bureau earlier this year "are likely to succeed on the merits" of the case.
Consumer group urges FDIC to publicly release failed-bank probes
American Banker
DECEMBER 9, 2024
Americans for Financial Reform wants investigations into the directors and executives of Silicon Valley Bank, Signature Bank and First Republic Bank released before the Jan. 20 inauguration.
Hanmi seeks higher profile in Seoul to drive U.S. growth
American Banker
DECEMBER 9, 2024
Banking South Korean companies has become a major pillar of the Los Angeles-based Hanmi's balance sheet, with a portfolio of loans approaching $1 billion.
Google sues CFPB, challenges oversight of retired product
American Banker
DECEMBER 9, 2024
The company said the P2P payment service the bureau seeks to supervise presents no risk to consumers because it is no longer offered in the U.S.
5 Ways You Can Win Faster with Gen AI in Sales
Advertiser: ZoomInfo
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.
Independent Bank in Massachusetts to acquire peer for $562M
American Banker
DECEMBER 9, 2024
The cash-and-stock bid for Enterprise Bancorp is expected to close in the second half of 2025. In connection with the deal, Independent plans to raise about $250 million in subordinated debt.
Inside Tanya Otsuka's historic NCUA role and regulatory vision
American Banker
DECEMBER 9, 2024
The first Asian American to join the National Credit Union Administration board, Otsuka has had a career highlighted by consumer advocacy, a focus on financial stability and support for underserved communities.
Trump should be thanking Jerome Powell for his second term
American Banker
DECEMBER 9, 2024
The chairman of the Federal Reserve presided over the worst inflation in 40 years, generating public outrage that paved the way for Donald Trump's victory in last month's election.
How bank deals are likely to fare with Trump's antitrust pick
American Banker
DECEMBER 9, 2024
The industry hopes that the bigger hurdles to bank mergers under President Biden will fade in the new administration. But populist opposition to consolidation in the tech sector could spill over into banking.
The Role of Automation in Commercial Lending
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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.
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