Wells Fargo gets its first non-branch employee union
American Banker
DECEMBER 11, 2024
Workers in the bank's conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.
Wed.Dec 11, 2024
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A third ex-TD Bank employee is charged in money-laundering scheme
American Banker
DECEMBER 11, 2024
Leonardo Ayala, who was a retail banker at a TD branch in Florida, faces criminal charges in connection with money-laundering activities.
Back to Basics with Reconciliations
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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.
Supreme court grants permission for appeal against UK car finance ruling
TheGuardian
DECEMBER 11, 2024
Two lenders can challenge October decision that undisclosed commission paid to car dealers is unlawful The supreme court has granted permission for two car lenders to appeal against a landmark ruling on motor finance commission payments that has left firms fearing a potential 30bn compensation bill. The decision gives Close Brothers and the MotoNovo owner FirstRand a chance to overturn a shock ruling by the court of appeal in October which said that paying secret commission to car dealers witho
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Real-time payments in the fast lane: Tesla pushes adoption in auto finance
American Banker
DECEMBER 11, 2024
About $2 billion changes hands daily for the sale of new motor vehicles in the U.S., making auto dealers a prime use case for faster payments. So why aren't more using it?
How banks can protect the data they feed their AI models
American Banker
DECEMBER 11, 2024
Financial institutions are adopting AI technology into virtually every aspect of the business. Analysts and fintechs share a framework for protecting data and bank reputations.
How a Managed Services Partner Can Reduce the Friction in Your RDC Program
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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
FDIC Inspector General finds gaps in resolution readiness
American Banker
DECEMBER 11, 2024
A report by the Federal Deposit Insurance Corp.'s Office of Inspector General revealed deficiencies in the FDIC's preparedness for large bank failures.
Inflation proves sticky, clouding Fed policy outlook
American Banker
DECEMBER 11, 2024
Annualized inflation increased to 2.7% in November from 2.6% the previous month, providing further evidence that the economy remains strong despite restrictive monetary policy.
Budget Playbook for Commercial Lenders — Bank and Credit Union Edition
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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.
International banks stumble in Q4 earnings amid credit hurdles
American Banker
DECEMBER 11, 2024
Institutions like BMO Financial Group and Bank of Nova Scotia saw earnings bogged down by increased loan loss provisions and higher tax rates.
Apple Pay's EU antitrust compromise spurs rivals
American Banker
DECEMBER 11, 2024
Norwegian fintech Vipps' consumers can use iPhones to make digital payments following Apple's settlement with regulators. Klarna gets hit with a money-laundering fine and more in our weekly global payments roundup.
It Takes Two to Tango
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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.
CFPB's Chopra says he won't resign, but he will leave
American Banker
DECEMBER 11, 2024
In testimony before the Senate Banking Committee Wednesday morning Consumer Financial Protection Bureau Director Rohit Chopra said that he has no plans to resign ahead of President-elect Donald Trump's inauguration, suggesting he will wait to be fired instead.
FirstOntario Credit Union partners with Temenos for an optimised digital experience
The Paypers
DECEMBER 11, 2024
Private credit is not just safe; it's vital to the US economy
American Banker
DECEMBER 11, 2024
Misconceptions about the risks of private credit must not be allowed to affect important policy decisions about an industry that provides vital support to a vast swath of the American economy.
The 2024 Lenders Guide to Automating the Complex Loan
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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.
Credit Card Delinquency and Balance Growth Will Moderate in 2025
The Financial Brand
DECEMBER 11, 2024
This article Credit Card Delinquency and Balance Growth Will Moderate in 2025 appeared first on The Financial Brand. Card debt will continue to rise to new record levels, but not as fast. And serious card delinquencies will rise more slowly than at recent highs. This article Credit Card Delinquency and Balance Growth Will Moderate in 2025 appeared first on The Financial Brand.
Trump could bypass Democratic picks for FDIC Board
American Banker
DECEMBER 11, 2024
President-elect Donald Trump may opt to bypass Democratic suggestions for minority party seats on the Federal Deposit Insurance Corp.'s board of directors, setting up potential conflicts with Senate leadership over regulatory appointments.
Confronting the Change Challenge
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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.
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