Tue.Oct 24, 2023

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Crypto legislation would put US ‘back in the game,’ stakeholders say

Payments Dive

A pair of House bills would help the industry gain clarity, scale digital asset products and promote financial inclusion, cryptocurrency stakeholders said Sunday on a panel at Money20/20.

US 415
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DOJ Settles Redlining Claims in Rhode Island

CFPB Monitor

The Department of Justice (DOJ) announced a settlement agreement with Washington Trust Company, of Westerly (WTC) to resolve claims that WTC redlined majority Black and Hispanic neighborhoods in Rhode Island. In its complaint against WTC, DOJ alleged that the following practices were used to discriminate against Black and Hispanic borrowers from 2016 to at least 2021: WTC located and maintained all of its Rhode Island branches and loan officers outside of majority-Black and Hispanic neighborhood

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PayNearMe gives online gamblers more ATMs to cash out

Payments Dive

Despite the declining use of physical currency and ATMs across the country, “cash remains an integral part of the player experience,” Atleos Chief Operating Officer Stuart Mackinnon said in a Monday press release.

ATM 221
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Appraisal Subcommittee to Host Public Hearing on Appraisal Bias

CFPB Monitor

The Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) is scheduled to host a public hearing on Wednesday, November 1, 2023. The upcoming hearing on appraisal bias will focus on how residential appraisals are developed and reviewed, the process for reconsiderations of value, and processes for conducting appraisals in rural areas.

Lending 147
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Back to Basics with Reconciliations

Join us in this webinar, where we share best practices on how to think about the reconciliation work each month, when best to do reconciliations, how they should be prepared, and some common pitfalls to avoid. Learning Objectives: This course objective is to understand how to properly prepare and review balance sheet reconciliations and its impact on the financial statements.

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Fiserv, Blackhawk Network push to expand bill-pay services

Payments Dive

By increasing the number of retailers accepting walk-in bill payment, the two companies seek to better serve consumers who prefer to use cash.

Retail 221

More Trending

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2023 ATM and Self-service Software Trends Overview

ATM Marketplace

This one-hour webinar invites global ATM industry stakeholders to reflect on key 2023 trends with market experts. It is based on the 16th edition of the top-rated ATM & Self-service Software Trends Report (an annual guide created by ATM Marketplace and KAL ATM Software).

ATM 95
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Commercial Construction Loan Requirements

Commercial Lending USA

Commеrcial construction projеcts, whеthеr it's building a nеw officе complеx, rеnovating a rеtail spacе, еxpanding an industrial facility oftеn rеquirеs substantial financial rеsourcеs.

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Supreme Court Grants Cert for Interest-on-Escrow Preemption Case

CFPB Monitor

The U.S. Supreme Court recently granted certiorari to hear the Second Circuit case of Cantero et al. v. Bank of America, N.A. , involving National Bank Act (NBA) preemption of New York’s law requiring that interest be paid to consumers on mortgage escrow account funds. The decision would address a split between the Second and Ninth Circuits on the topic of NBA preemption of state “interest-on-escrow” laws.

America 78
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Navy Federal, NCUA deadlocked over Department of Defense contract

American Banker

The National Credit Union Administration says it cannot provide deposit insurance for accounts covered under the $165 billion-asset institution's agreement to offer financial services to members of the military serving abroad. The credit union accuses the regulator of undermining its mission.

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How a Managed Services Partner Can Reduce the Friction in Your RDC Program

Treasury teams at community banks face an ongoing challenge of delivering frictionless customer experiences as they support treasury products – especially RDC. This infographic focuses on the efficiencies community banks gain when partnering with a proven managed services provider. You’ll see the advantages you can gain when a managed services partner leverages online tools, skilled customer and technical support personnel, and fulfillment and logistics capabilities to streamline RDC fulfillment

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Alliant Credit Union to enable RTP in 2024

BankInovation

Alliant Credit Union is investing in digital capabilities, including an effort to launch real-time payments next year. The Chicago-based credit union will join 351 banks and credit unions that are already RTP-enabled, up 32% year over year from 265 in July 2022, according to The Clearing House website.

Chicago 74
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Are surcharge-free ATMs inevitable?

ATM Marketplace

Customers hate fees at ATMs, and fees are continuing to rise. Are surcharge-free ATMs the way of the future?

ATM 90
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Barclays aims to maintain efficiency, invests in tech

BankInovation

Barclays PLC is looking to reduce its expenses to provide more returns to shareholders while increasing investment in technology. Despite that, the $1.9 trillion bank saw its total operating expenses increase 2% year over year to $4.

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Barclays aims to cut costs after slight fall in profits

TheGuardian

Third-quarter profits down 4% on a year ago and growth in net interest income from UK retail business stalls Barclays is drawing up fresh cost-cutting plans after a slowdown across its investment bank and concerns over a rise in customer defaults led to a slight drop in third-quarter profits. The lender also saw growth in net interest income from its UK retail business stall, suggesting it was no longer benefiting from a gap between what it charges for mortgages and what it pays out to savers.

Retail 77
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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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The future of automation and self service

ATM Marketplace

The rise of linked technologies, from 5G and upcoming 6G networks to AI and the Internet of Things, is rapidly transforming the linked destinies of automation and self-service.

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The benefits and drawbacks for banks in buying fintechs

American Banker

American Banker's latest innovation report found that strategic corporate transactions are important for most banks but offer distinctive challenges. Fintech acquisitions give banks maximum control but can be hard to integrate if the buyers don't approach the process thoughtfully.

Fintech 78
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Nium launches Global FX

The Paypers

Real-time global payments provider Nium has announced the launch of Global FX, a product that aims to enable guaranteed and competitive FX rates.

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Mastercard adds open-banking partners as it preps for CFPB rules

American Banker

The card network integrated its data-sharing technology into products from Zip, FIS and JPMorgan Chase as potential regulations loom on the horizon.

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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.

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Fiserv partners with Melio

The Paypers

US-based Fiserv has announced its partnership with B2B payments platform Melio in order to improve the manner in which financial institutions meet the payment needs of SMBs.

Meeting 48
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Synchrony says economy is slowing, but consumers are showing resilience

American Banker

The credit-card issuer is tightening its lending standards and bracing for the potential effects of a cap on card late fees. Charge-offs are rising, but company executives say that customers are showing surprising strength.

Lending 69
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AMLYZE partners with Shufti Pro to augment AML services

The Paypers

Lithuania-based regtech AMLYZE has formed a strategic partnership with identity verification service provider Shufti Pro to enhance its anti-financial crime solutions.

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Cadence Bank says insurance unit's sale should help capital, efficiency

American Banker

The Southeast regional bank plans to use the deal's sizable proceeds to pay down wholesale borrowings and restructure its securities portfolio. Numerous banks have made similar moves in recent months.

Capital 60
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The 2024 Lenders Guide to Automating the Complex Loan

Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.

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Belvo partners with MOVii

The Paypers

Open Finance platform Belvo has announced its partnership with Colombia-based company MOVii in order to fight digital payments fraud in the region.

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The liberal argument for reforming the CFPB

American Banker

The Consumer Financial Protection Bureau's mission is important. That's why Congress needs to have stricter oversight of its actions.

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Payhawk partners with Wise Platform

The Paypers

Global spend management solution Payhawk has partnered with Wise Platform to offer enhanced global payments to its international customer base.

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Airline CEOs predict doom for card loyalty perks under proposed legislation

American Banker

The bipartisan proposal aims to save consumers money by forcing more competition in the lucrative credit card payments processing business. If enacted, it would result in "unbelievable" consumer backlash from its effect on rewards programs, Delta Chief Executive Officer Ed Bastian said.

Cards 41
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Confronting the Change Challenge

Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.