Fri.Dec 06, 2024

article thumbnail

It's time for banks to give small-dollar lending a second look

American Banker

There is a major opportunity out there, especially for community banks, to displace predatory lenders and earn a healthy return at the same time. It's just a question of making the leap.

article thumbnail

Why Playing It Safe in Financial Services Marketing Is Riskier Than You Think

The Financial Brand

This article Why Playing It Safe in Financial Services Marketing Is Riskier Than You Think appeared first on The Financial Brand. Competing solely on rates and returns is a race to the bottom. To stand out, define and engage your community directly and personally. This article Why Playing It Safe in Financial Services Marketing Is Riskier Than You Think appeared first on The Financial Brand.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Nebraska neobank envisions bridge between banking and crypto

American Banker

Telcoin is seeking to become the first chartered bank under Nebraska's Digital Asset Depository Institutions regime. Its CEO believes it can become a regulated bridge between crypto and banking.

article thumbnail

Industry leaders optimistic about AI and crypto czar David Sacks

American Banker

With a business-friendly crypto and AI overseer, observers expect a softer government approach to tech projects and partnerships.

article thumbnail

Fall In Love With the Month-End Close

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.

article thumbnail

CFPB lawsuit is just the latest regulatory headache for Comerica

American Banker

The Dallas-based bank has a growing list of legal and regulatory issues some of them connected to its role in a U.S. government benefits program, and others not.

Dallas 78

More Trending

article thumbnail

CFPB sues Comerica over abuses of federal benefits users

American Banker

The Consumer Financial Protection Bureau has asked a Texas court to halt Comerica Bank's practices.

Texas 41
article thumbnail

Labor growth rebounds, Fed rate cut remains likely

American Banker

After hurricanes and strikes stalled job growth in October, the economy added 227,000 jobs in November.

article thumbnail

Banks offer scam advice in time for the holidays

American Banker

The holiday season presents online shopping and charity scam risks, and this year presents a novel threat of AI-assisted fraud. Here's how banks are helping their customers avoid these schemes.

Fraud 36
article thumbnail

Goldman Sachs exits climate alliance for banks

American Banker

Goldman will no longer be a member of the Net-Zero Banking Alliance, a decision largely motivated by a need to comply with mandatory reporting guidelines.

article thumbnail

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.

article thumbnail

Fed's Bowman: Regulators 'have not stepped up' to stop fraud

American Banker

Federal Reserve Gov. Michelle Bowman said Friday that regulators chief among them the Fed itself need to do more to combat check fraud, particularly the problem of smaller banks not being reimbursed by larger banks whose checks are altered.

Fraud 31
article thumbnail

Harper's warning on vendors should spur credit unions to act

American Banker

While it's true that the National Credit Union Administration needs the authority to regulate third-party vendors, credit unions themselves have considerable power to force vendors to observe best practices.

article thumbnail

FSOC flags commercial real estate, cyber and stablecoins

American Banker

The Financial Stability Oversight Council's annual report underscores mounting challenges in commercial real estate, escalating cyber threats, and regulatory gaps in third-party services and stablecoins, urging stronger oversight and legislative action.

Report 28
article thumbnail

What Fiserv's Bisignano can change if he's the Social Security boss

American Banker

The long-time bank and financial services technology executive has a record for cutting costs and supporting rapid automation, skills that could be put to work at the 90-year-old agency.

article thumbnail

The Role of Automation in Commercial Lending

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.

article thumbnail

Unity Bank in Clinton, NJ, goes electric with EV charging stations

American Banker

Unity Bank in Clinton, NJ, now offers EV charging stations in a collaboration with Encore Energy Group; fintech Beneficient announced its agreement to acquire Puerto Rico-based Mercantile Bank; Trump named payments exec Jared Isaacman to run NASA; and more in this week's banking news roundup.

NJ 36