Payments Dive

OCTOBER 2, 2023

California passed a law last week forcing use of a gun merchant code, but other states have done the opposite. Now, maybe Congress will act.

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California 476

TheGuardian

OCTOBER 2, 2023

As author of The Big Short and Moneyball, Michael Lewis is perhaps the most celebrated chronicler of his generation. Now he delivers an astonishing portrait of the fallen crypto billionaire. But did he get too close? Right around the time the gales of the financial crisis were tearing up Wall Street in 2009, Meredith Whitney started her own financial research firm.

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Meeting US Management Marketing 108

Payments Dive

OCTOBER 2, 2023

The agreement, issued last week, addresses “shortcomings” in Discover Bank’s compliance management system for consumer protection laws, the company said.

FDIC 259

FDIC Compliance System Management 259

Ublocal

OCTOBER 2, 2023

At Union Bank, we think making investing accessible to everyone, regardless of your background or experience. That’s why we’re excited to launch our next generation investment management app! This easy-to-use app makes managing your investments simple, approachable and enjoyable. In fact, you can start investing with as little as 10 dollars and it only takes about 4 minutes to get set up, right from your phone, tablet, laptop or PC.

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Taxes Capital New Hampshire Marketing 98

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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.

Groups

ATM Marketplace

OCTOBER 2, 2023

Gen-Z is the new frontier of the consumer landscape and this study and associated reporting was created in order to help brands proactively prepare for a wave of changing buying preferences.

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Report Study Branding 98

CFPB Monitor

OCTOBER 2, 2023

Tomorrow, the U.S. Supreme Court will hear oral argument in CFPB v. CFSA , in which the question presented is whether the CFPB’s funding mechanism violates the Appropriations Clause of the U.S. Constitution. In an article requested by and published today in American Banker’s BankThink , Alan Kaplinsky, Senior Counsel (and former practice group leader) in Ballard Spahr’s Consumer Financial Services Group, argues that the Supreme Court should rule that the CFPB’s funding mechanism is unconstitutio

Groups 88

Groups 88

Jack Henry

OCTOBER 2, 2023

The Federal Trade Commission (FTC) received reports on over 5.2 million cases of fraud in 2022, with imposter scams accounting for 20% of the total losses incurred – a whopping $2.7 billion in losses reported for this scam alone. Imposter scams generally start with an unsolicited phone call, email, text or social media message from someone impersonating people or organizations you would ordinarily trust.

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social media cryptocurrency Fraud Cards 88

American Banker

OCTOBER 2, 2023

Making the Consumer Financial Protection Bureau's funding subject to congressional appropriations would bring some much-needed accountability to a runaway regulator.

Regulation 87

Regulation Compliance 87

CFPB Monitor

OCTOBER 2, 2023

The CFPB recently released a report entitled Data Point: 2022 Mortgage Market Activity and Trends based on 2022 data reported by lenders under the Home Mortgage Disclosure Act (HMDA). The CFPB addresses various 2022 lending results, with many results reflecting changes from 2021 to 2022 based on increases in mortgage interest rates and other economic factors.

Trends 78

Trends Report Marketing Lending 78

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.

Analysis

American Banker

OCTOBER 2, 2023

The North Carolina company is cutting its board of directors by more than a third, using a combination of retirements and early departures. The move means that a majority of board members will come from the predecessor company SunTrust Banks, which may give CEO Bill Rogers more leeway to make changes.

North Carolina 87

North Carolina Company Industry 87

BankInovation

OCTOBER 2, 2023

The Federal Reserve is looking to fintechs to drive the adoption of FedNow across financial institutions. With FedNow aiming to reach ubiquity in the United States, “we don’t really want that to take 20 years to do,” Mark Gould, chief payments executive for Federal Reserve Financial Services, said last month at Sibos 2023 in Toronto.

Fintech 77

Fintech United States Payments 77

American Banker

OCTOBER 2, 2023

Citing Silicon Valley Bank as an example of being ill prepared, Federal Reserve Vice Chair for Supervision Michael Barr says the central bank can only serve as lender of last resort if banks are "ready and able" to borrow.

Regulation 85

Regulation Examples Policies Compliance 85

BankInovation

OCTOBER 2, 2023

Jamie Dimon said artificial intelligence is already being used by thousands of employees at his bank, and is likely to make dramatic improvements in workers’ quality of life, even if it eliminates some jobs.

Technology 74

Technology 74

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Lending

American Banker

OCTOBER 2, 2023

The $23 million deal, signed in 2021 and initially projected to close in the second quarter of 2022, was delayed multiple times amid leadership turnover at the Los Angeles-based RBB.

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Los Angeles Leadership Community Bank Industry 83

The Paypers

OCTOBER 2, 2023

Sonovate , a UK-based provider of funding and tech services to businesses, has obtained certification from Xero to augment reporting and reconciliation capabilities.

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Security Report 74

American Banker

OCTOBER 2, 2023

With multiple economic factors driving up the costs of owning a vehicle, the $1.9 billion-asset institution in New Hampshire is partnering with Credit Union Leasing of America to make car ownership more affordable for members.

New Hampshire 81

New Hampshire America Lending 81

The Paypers

OCTOBER 2, 2023

Digital currency platform Coinbase has obtained a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS).

Payments 73

Payments 73

Advertiser: ZoomInfo

In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. Instead, sales teams must be proactive, identifying and acting on nuanced buyer behaviors — often before prospects are fully ready to make a purchase. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.

Capital

American Banker

OCTOBER 2, 2023

The Federal Reserve Office of Inspector General said supervisors failed to promptly address the risks associated with Silvergate Bank's rapid growth in uninsured cryptocurrency deposits, ultimately leading to the bank's voluntary self-liquidation in March 2023.

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cryptocurrency Policies Compliance Regulation 77

The Paypers

OCTOBER 2, 2023

The central banks of Jordan and Iraq have signed a cooperation agreement to strengthen the banking and financial relations between the two countries.

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ABA Community Banking

OCTOBER 2, 2023

Educating consumers about financial literacy is rarely a one-time action. It requires regular and continuous engagement. The post Six ways to combat financial illiteracy appeared first on ABA Banking Journal.

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social media Community Bank Community Marketing 59

The Paypers

OCTOBER 2, 2023

Brazil has launched its new national identity program powered by blockchain technology, with Rio de Janeiro, Goiás, and Paraná being the first states to issue this.

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blockchain National Technology 53

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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.

Operations

Commercial Lending USA

OCTOBER 2, 2023

Special-Used Commercial Mortgage Loans

Lending 52

Lending 52

The Paypers

OCTOBER 2, 2023

Revolut has attracted scrutiny from the UK’s Financial Conduct Authority over red-flag accounts that were restricted by the National Crime Agency.

National 50

National 50

American Banker

OCTOBER 2, 2023

The first-year Posse Scholar at Smith College combines her passions for business and community service to give back.

Leadership 45

Leadership Community 45

The Paypers

OCTOBER 2, 2023

UK-based digital identity company Yoti has released a new digital ID app in partnership with Lloyds Bank.

Company 45

Company 45

Advertiser: ZoomInfo

As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play. ZoomInfo CEO Henry Schuck recently broke down specific ways to put four key buying signals into action with the experts from 30 Minutes to President’s Club.

How To