Payments Dive

MARCH 4, 2024

Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

Regulation 443

Regulation 443

CFPB Monitor

MARCH 4, 2024

On February 27, 2024, the U.S. Supreme Court heard oral argument in Cantero v. Bank of America, N.A. , a case involving the effect of the Dodd-Frank Act on the scope of preemption under the National Bank Act (NBA). The question before the Court is whether, post-Dodd-Frank Act, the NBA preempts a New York statute requiring banks to pay interest on mortgage escrow accounts. .

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America New York National 136

Payments Dive

MARCH 4, 2024

A Mastercard executive painted Regulation II as potentially harmful to consumers, while Fiserv’s CEO said it was an appropriate update due to the rise of online transactions.

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Regulation Online 221

ABA Community Banking

MARCH 4, 2024

The popular app is where Gen Z goes for trends, news and even financial advice. Here’s how some banks are using TikTok and platforms like it for education. The post Time to TikTok? appeared first on ABA Banking Journal.

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Trends social media Video Community Bank 98

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Payments Dive

MARCH 4, 2024

The peer-to-peer payment app provided a performance update, with transactions volume and value both up about 30% from the previous year.

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Payments 199

American Banker

MARCH 4, 2024

A large language model detects signs of agent burnout and sends stressed-out employees calming videos created by Ariana Huffington's company Thrive Global.

Video 81

Video Company Customer Experience Technology 81

BankInovation

MARCH 4, 2024

Lloyds Bank is looking to invest in cybersecurity and technology related to insurance and regulatory monitoring in 2024 amid uncertain macroeconomic conditions. “I like regtech because it’s important to keep on innovating in that space,” Robin Scher, head of fintech investment at Lloyds Bank, said at FinovateEurope last week.

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Innovation Fintech Technology Retail 79

CFPB Monitor

MARCH 4, 2024

Rhode Island, Minnesota, and Nevada have joined the list of jurisdictions considering proposals to legislatively opt out of federal interest rate preemption established under the federal Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA). Although the legal effect remains unclear, the apparent objective of these proposed laws is to prevent interest rate “exportation” by state-chartered financial institutions.

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Rhode Island Nevada Minnesota Regulation 78

American Banker

MARCH 4, 2024

Banco San Juan Internacional is suing the Federal Reserve Bank of New York and the Board of Governors in Washington claiming they wrongfully terminated its access to the federal payments system.

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Washington New York System Payments 77

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Analysis

CFPB Monitor

MARCH 4, 2024

After targeting credit card late fees in its proposed rule , the CFPB has set its sights on further attacking credit card pricing through interest rates. The CFPB published a blog late last month stating that credit card interest rate margins are at an all-time high, with an average 14.3% margin in 2023 compared to 9.6% margin in 2013, and have fueled the profitability of revolving balances.

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Cards Report Community 78

American Banker

MARCH 4, 2024

Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions. Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law.

New York City 74

New York City New York Regulation Community 74

TheGuardian

MARCH 4, 2024

Scion of the famous banking dynasty who was an admired cultural philanthropist in the arts and heritage worlds Jacob Rothschild, Lord Rothschild, who has died aged 87, combined a ruthlessly successful business career, following in the family tradition as a financier in the City of London, with philanthropic projects. These mainly centred on the arts and heritage, including the restoration of the dynasty’s enormous 19th-century replica of a French chateau Waddesdon , in the middle of the Buckingh

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Maine How To 73

BankInovation

MARCH 4, 2024

Citizens Bank takes a measured approach to adopting new technology. The best new products are created with an abundance of identified use cases, Jo Wyper, executive vice president and head of operations at Citizens Commercial Bank, tells Bank Automation News on this episode of “The Buzz” podcast.

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Operations Technology 72

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Lending

American Banker

MARCH 4, 2024

Anu Aieyengar, Global head of M&A at JPMorgan discusses her career and her outlook for M&A activity in the year ahead.

Leadership 57

Leadership 57

The Paypers

MARCH 4, 2024

Nigerian authorities have called for a USD 10 billion penalty against Binance , as the platform caused financial losses within the country by manipulating exchange rates.

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American Banker

MARCH 4, 2024

The peer-to-peer network moved $219 billion in the final three months of 2023, with scams and fraud accounting for about 0.1% of all volume, according to Early Warning Services, which operates Zelle and is owned by a consortium of banks.

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Fraud Operations Payments 50

The Paypers

MARCH 4, 2024

Singapore-based B2B embedded finance startup Fairbanc has received USD 13.3 million in debt financing to expand operations in Indonesia.

Security 48

Security Operations 48

Advertiser: ZoomInfo

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Capital

American Banker

MARCH 4, 2024

The bank has also hired some analysts to its infrastructure group over the past several weeks as it plans to beef up its muni team.

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Groups 36

The Paypers

MARCH 4, 2024

Moneyhub has partnered with Rebcat and Navos in order to develop optimised technology and provide UK-based firms with personalised financial support.

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Technology 45

American Banker

MARCH 4, 2024

The Consumer Financial Protection Bureau says it is in favor of consumer choice, but its shifting position on earned wage access calls that commitment into question.

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Compliance Regulation 36

The Paypers

MARCH 4, 2024

Flipkart has announced the launch of a new UPI service in partnership with Axis Bank , aiming to optimise fund transfers and checkout payments for Android users.

Payments 45

Payments 45

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Operations

The Financial Brand

MARCH 4, 2024

This article A ‘Pivotal’ Moment: What’s Next for Commercial Banking? appeared first on The Financial Brand. The commercial banking industry is focusing on liquidity management and preparing for new regulations. Why? Find out here. This article A ‘Pivotal’ Moment: What’s Next for Commercial Banking? appeared first on The Financial Brand.

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Branding Regulation Management Industry 35

The Paypers

MARCH 4, 2024

The Financial Intelligence Unit (FIU) from India has announced that it imposed a monetary penalty of approximately USD 662,565 on Paytm Payments Bank.

Payments 45

Payments 45

The Financial Brand

MARCH 4, 2024

This article Bankers Say BaaS Turmoil Primes Future Growth appeared first on The Financial Brand. Bankers now say upheaval in the industry has spurred the refinement needed to bring banking-as-a-service to the front of the table. This article Bankers Say BaaS Turmoil Primes Future Growth appeared first on The Financial Brand.

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Branding Industry FDIC Groups 34

The Paypers

MARCH 4, 2024

UK-based online-only pension provider PensionBee has partnered with a financial institution based in the US to expand its presence in the country.

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US Online 45

Advertiser: ZoomInfo

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How To