Mon.Dec 23, 2024

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Key Financial Industry Insights from 2024 | FinTalk

Jack Henry

As we wrap up an eventful year, it's essential to reflect on the key insights and innovations that have shaped the financial industry.

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State Street deposited $100 million at minority banks in 2024

American Banker

The custody bank achieved its goal for the amount of deposits it placed into minority banks and community development financial institutions by the end of the year.

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Healthy Dissention: Handle Conflict Head On [VIDEO]

The Emmerich Group

Ready to unlock the secrets of high-performance cultures? Click here to access exclusive tools and insights, including Next Action Templates and the National Study of High-Performance Culturesyour roadmap to driving growth and profitability today. So, you can disagree without being disagreeable. Have you ever worked with someone who just seems to be constantly, well, disagreeable?

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Fed to consider changes to stress testing

American Banker

The Federal Reserve will seek comment on the current stress-testing regime with an eye toward increasing transparency and reducing volatility. Modifications would not go into effect until at least 2026.

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Outsource With Confidence for RDC Program Success

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.

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Banish Your “Culture Ghost”—The Drag on Your Workplace that Haunts [VIDEO]

The Emmerich Group

Ready to transform your team? Click here to watch our free masterclass to discover proven strategies for tackling low performers, improving communication, and building the high-performance culture your organization deserveson your own time, anytime. I’m not really into the paranormal, but I do believe businesses have their own kind of “ghosts.” Let me tell you a story.

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Why Visa is homing in on the creator economy

American Banker

The emerging industry could be worth as much as $480 billion in two years, and payments are central to that growth.

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CFPB sues Rocket Homes, brokerage over kickback scheme

American Banker

The watchdog accuses Rocket Homes and The Mitchell Group brokerage of initiating a plan to generate origination business for Rocket Mortgage.

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OCC issues Bank of America cease-and-desist for AML lapses

American Banker

Bank of America must overhaul anti-money-laundering protocols and hire third-party consultants, but will not face growth limits, following OCC action for compliance deficiencies.

America 36
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CFPB accuses Walmart and Branch of opening illegal accounts

American Banker

The Consumer Financial Protection Bureau sued Walmart and payment app Branch Messenger, accusing them of illegally opening 1 million deposit accounts and charging $10 million in fees.

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Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

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.

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A federated digital dollar is key to sustaining US economic leadership

American Banker

The U.S. is risking the status of the dollar as the world's reserve currency by delaying the launch of a central bank digital currency. Adopting a "federated" version of a CBDC could answer the concerns of many skeptics.

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Why setting Fannie Mae and Freddie Mac free is a gamble

American Banker

Releasing the GSEs from government conservatorship is on the agenda for the incoming Trump administration. Doing so could threaten the 30-year fixed rate mortgage.

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The economy is looking good for banks in 2025 — but watch out for 2026

American Banker

Economists say the U.S. economy is leaving 2024 healthy, with unemployment low, inflation manageable and growth robust. Unknown variables including the depth and scope of President-elect Donald Trump's immigration and tariff policies could change that course, but likely not until 2026.

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What lenders want from Trump White House, Congress in 2025

American Banker

The industry agenda calls for amending longstanding rules like loan officer compensation, to nixing Biden-era plans trade groups say hurt both consumers and industry players.

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It Takes Two to Tango

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.