Fri.Mar 28, 2025

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Banking regulators to rescind 2023 Community Reinvestment Act rule

ABA Community Banking

Banking regulators announced they intend to rescind the 2023 Community Reinvestment Act final rule in light of pending litigation. They will instead reinstate the CRA framework that was in place before the rule. The post Banking regulators to rescind 2023 Community Reinvestment Act rule appeared first on ABA Banking Journal.

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Executive Shuffle: Bolt, MoneyGram and DailyPay

Payments Dive

New C-suite appointments so far this year demonstrate the payments industry’s efforts to digitize their offerings and cater to small business clients.

Industry 290
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Santander eases mortgage rules so it can lend up to £35,000 more

TheGuardian

Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be unduly restricting Business live latest updates One of the UKs largest mortgage lenders has relaxed its rules and will offer some borrowers up to 35,000 more to fund their home purchases. Santander said it had adjusted the way it calculated affordability, meaning many customers applying for a mortgage would be able to borrow between 10,000 and 35,000 more from Friday.

Lending 59
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Swipe fee foes find legislative support in almost a dozen states

Payments Dive

The battle to curb interchange fees has migrated from Illinois across the nation, with bills in 11 states seeing robust lobbying.

Illinois 266
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Leverage Trellis Court Data To Identify More Investment Opportunities

Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.

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11 smart ways to spend your tax refund

PopularBank

If you get a tax refund instead of owing money on your taxes, it can be tempting to spend this money. While theres nothing wrong with splurging a little, these extra funds have the power to relieve some of your financial burdens and potentially earn you more disposable income over time. The reward of financial stability means you can treat yourselfnow and in the future.

Taxes 52

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SBA moves to increase lender fees in flagship program

American Banker

The mid-year fee hike was necessary to reverse a revenue shortfall in the agency's 7(a) program, according to Administrator Kelly Loeffler.

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Trust Bank launches Trust Lock anti-scam tool

The Paypers

Singapore-based Trust Bank has announced the launch of Trust Lock, an anti-scam tool that enables consumers to lock and unlock their funds through the financial institution’s mobile app.

Tools 68
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Death by a thousand caps: State laws could kill credit card rewards

American Banker

A group of states are pursuing similar efforts to cap credit card interchange fees, endangering rewards programs that customers value and raising concerns about an illegal interstate compact.

Cards 77
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Worldline partners with Castles Technology for SoftPOS payment solutions

The Paypers

Worldline has announced its partnership with Castles Technology in order to deliver an optimised and secure SoftPOS payment solution in North America.

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State of AI in Sales & Marketing 2025

AI adoption is reshaping sales and marketing. But is it delivering real results? We surveyed 1,000+ GTM professionals to find out. The data is clear: AI users report 47% higher productivity and an average of 12 hours saved per week. But leaders say mainstream AI tools still fall short on accuracy and business impact. Download the full report today to see how AI is being used — and where go-to-market professionals think there are gaps and opportunities.

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Charlie Javice found guilty of defrauding JPMorgan Chase

American Banker

Javice sold her student-aid startup, Frank, to JPMorgan in 2021. Two years later, the bank accused her of creating fake profiles to boost the number of customers.

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ABA DataBank: Credit unions buy record number of banks in 2024

ABA Community Banking

Credit union acquisition of banks doubled their pace in 2024, hitting a record high of 22 announced deals. The post ABA DataBank: Credit unions buy record number of banks in 2024 appeared first on ABA Banking Journal.

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U.S. Bank grows consumer banking partnership with State Farm

American Banker

The bank now offers personal loans up to $50,000 to State Farm customers, the latest step in its effort to broaden its customer base by teaming up with other companies.

Company 65
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Visa extends the advisory period for the Visa Acquirer Monitoring Program

The Paypers

Visa has extended the advisory period of its new Visa Acquirer Monitoring Program, developed to make the process of deterring fraud and managing disputes easier for customers.

Fraud 46
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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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The FDIC should take a deliberate, phased approach to reform

American Banker

The acting chairman of the agency had laid out an ambitious agenda for revamping regulations and encouraging innovation, but there are dangers in trying to do too much, too soon.

FDIC 51
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Citizens launches Open Banking API to optimise customer data access

The Paypers

Citizens Financial Group has announced the launch of its Open Banking API product in order to optimise customer data access.

Data 46
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Experts see significant hurdles to GSE release

American Banker

The government conservatorship of Fannie Mae and Freddie Mac wasn't meant to last forever, but releasing the companies is complicated and should involve a diffident Congress, housing policy experts said during a Federal Reserve Bank of Atlanta housing panel.

Atlanta 41
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Unlimit partners with Doto to boost payment approval rates

The Paypers

Global fintech company Unlimit has announced its partnership with Doto in order to support expansion and boost payment approval rates.

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The GTM Intelligence Era: ZoomInfo 2025 Customer Impact Report

ZoomInfo customers aren’t just selling — they’re winning. Revenue teams using our Go-To-Market Intelligence platform grew pipeline by 32%, increased deal sizes by 40%, and booked 55% more meetings. Download this report to see what 11,000+ customers say about our Go-To-Market Intelligence platform and how it impacts their bottom line. The data speaks for itself!

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BMO hires Halé Behzadi to oversee California market

American Banker

BMO hired former CEO of Citi Private Bank Hal Behzadi to accelerate the bank's growth strategy in California; Pennsylvania's Linkbancorp received regulatory approval to sell its New Jersey operations to a credit union; Dream First Bank announced plans to gain branches throughout Oklahoma; and more in this week's banking news roundup.

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Mastercard and Bizcuit partner to improve SME banking services

The Paypers

Mastercard has entered into an agreement with Netherlands-based Bizcuit to facilitate access to embedded financial services for banks.

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Mercury's $300 million raise fosters hope for a fintech spring

American Banker

Fintech firm Mercury, which provides banking services to businesses, says it now has 200,000 customers after raising $300 million in C-round funding.

Fintech 41
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Airwallex joins forces with Yuno to improve global payments

The Paypers

Financial platform Airwallex has entered into a collaboration with Yuno to optimise global transactions for businesses.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.

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Regulators to rescind CRA rule, revert to pre-2023 standards

American Banker

The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency say they will move to rescind a 2023 reform to the Community Reinvestment Act, citing litigation concerns about the rule.

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inDrive launches inDrive.Money in Peru

The Paypers

inDrive , a mobility platform, has introduced inDrive.Money in Peru to increase financial inclusion for gig economy workers, making it its fourth market.

Mobile 41
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IRS leverages banking data for criminal investigations

American Banker

The Internal Revenue Service's Criminal Investigation unit has a new initiative for engaging with financial institutions to uncover tax and financial fraud.

Taxes 36
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Mastercard and Bizcuit partner to improve SME banking services

The Paypers

Mastercard has entered into an agreement with Netherlands-based Bizcuit to facilitate access to embedded financial services for banks.

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5 Ways You Can Win Faster with Gen AI in Sales

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.