Michigan State shooter tapped cash, debit card
Payments Dive
JUNE 15, 2023
A gunman who killed three Michigan State University students in February used more than one payment method to buy guns. This coverage is part of a Payments Dive series.
Payments Dive
JUNE 15, 2023
A gunman who killed three Michigan State University students in February used more than one payment method to buy guns. This coverage is part of a Payments Dive series.
CFPB Monitor
JUNE 15, 2023
The U.S. Court of Appeals for the Seventh Circuit has ruled that a plaintiff in a putative class action had standing to assert FDCPA claims against the purchaser of her debt and the purchaser’s servicer based on the $3.95 she paid in postage to respond to a second validation letter after she had already responded to the first validation notice.
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SWBC's LenderHub
JUNE 15, 2023
Like most markets these days, the mortgage industry is facing considerable economic headwinds as high inflation and the threat of a recession make it difficult to pin down—let alone lower—mortgage rates. According to a recent Bankrate survey , the benchmark 30-year-fixed-rate mortgage averaged 5.38% last year and has been at or near 7% since Q2 2023.
CFPB Monitor
JUNE 15, 2023
Since the U.S. Supreme Court’s 1984 Chevron decision, federal courts have typically applied a two-step analysis known as the “ Chevron framework” to determine whether a court should defer to a federal agency’s interpretation of a statute. SCOTUS has now agreed to hear the Loper case next Term in which the continued viability of the Chevron framework is being directly challenged. .
Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem
Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.
American Banker
JUNE 15, 2023
Citizens Financial has teamed with Wisetack, which supports dozens of platforms connecting to thousands of home improvement, dental and veterinary service providers.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
JUNE 15, 2023
Loan demand slowed, deposit costs jumped and credit quality became vulnerable, but veteran banker Frank Sorrentino sees more positives than negatives for community banks, particularly when interest rates level off.
CFPB Monitor
JUNE 15, 2023
Our response to Professor Sovern’s article about arbitration opt-outs and so-called “dark patterns” prompted a reply in which he poses two “challenges”: (1) “prove that opt outs benefit consumers by telling us how many consumers opt out,” and (2) “get rid of the deadline [for opting out] and allow … consumers to opt out of arbitration when they know there’s a dispute.”.
TheGuardian
JUNE 15, 2023
When people came from the Caribbean last century and were turned away by banks, many relied on communal trust Among the challenges faced by the Windrush generation when they arrived to work in Britain in the 1940s, 50s and 60s was the refusal by many banks and building societies to allow them to open accounts, deposit savings or take out loans. Instead, they set up their own community schemes, based on those that had existed for generations in the Caribbean and elsewhere, that relied on trust.
CFPB Monitor
JUNE 15, 2023
A unanimous panel of the U.S. Court of Appeals for the Eleventh Circuit has affirmed the district court’s order dismissing several defendants as sanctions for the CFPB’s continuation of “obstructionist conduct” in depositions. In CFPB v. Brown , the depositions in question were of a CFPB witness taken in the CFPB’s enforcement action against 18 defendants that alleged the defendants had engaged in or substantially assisted a fraudulent debt collection scheme in violation of the CFPA and the FDCP
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Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper
American Banker
JUNE 15, 2023
All 12 regional Federal Reserve banks released financial information from their presidents on Thursday, including new errors that Federal Reserve Bank of Atlanta President Rafael Bostic acknowledged. Such disclosures have taken on increased significance after a slew of scandals in recent years.
CFPB Monitor
JUNE 15, 2023
The Justice Department (DOJ) recently announced a settlement with ESSA Bank & Trust (ESSA), which has agreed to pay over $3 million to resolve allegations that it engaged in a pattern or practice of redlining in violation of both the Fair Housing Act (“FHA”) and the Equal Credit Opportunity Act (“ECOA”) from 2017 through at least 2021.
American Banker
JUNE 15, 2023
The pro football league plans to borrow up to $78 million over the next three years from 16 financial institutions, most of which are Black-owned or Black-led. It follows the lead of Major League Soccer, which announced a similar plan last year.
The Paypers
JUNE 15, 2023
US-based United State Bank has announced its partnership with digital banking provider Bankjoy to offer online and mobile banking services to its account holders.
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In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202
BankInovation
JUNE 15, 2023
Mastercard is inviting startups to address challenges within the credit card giant’s operations while taking part in its small business program that offers the company’s network access.
FICO
JUNE 15, 2023
Home Blog Feed test To Stop Scams, It’s Time to Add Sensible Friction to Easy Money The convenience and speed of real-time payments makes it easy for fraudsters to scam individuals. It’s time to consider sensible friction in the process. Wed, 03/08/2023 - 22:14 jessica shortt by TJ Horan Vice President, Product Management expand_less Back to top Thu, 06/15/2023 - 15:05 As someone who has made a career in the payments industry, I feel a little weird making this bold statement: it has become too e
BankInovation
JUNE 15, 2023
Citigroup plans to increase tech spend and prioritize its digital transformation as it works to reduce headcount through automation, Chief Financial Officer Mark Mason said at Morgan Stanley’s U.S. Financials, Payments & CRE Conference on Wednesday. The $2.
TheGuardian
JUNE 15, 2023
Scattered ashes | Psych-speak | AI and OI in Yorkshire | Shares in the Telegraph | Autocorrection angst Last May my son and I scattered my husband’s ashes at sea, a mile or so from one of his favourite Mediterranean beaches ( Letters, 12 June ). As the thousands of fragments sparkled away from us on an underwater current, my son James observed that one or more of them might return to the beach in time, to tickle the toe of a paddling child in around 30 years’ time.
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Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.
American Banker
JUNE 15, 2023
The idyllic existence of Federal Home Loan bank leaders has persisted for 90 years. Now the castle walls may be crumbling.
The Paypers
JUNE 15, 2023
The Federal Reserve has issued its latest statement from the Federal Open Market Committee (FOMC) meeting, revealing key insights into the current state of the economy and the stance of monetary policy.
American Banker
JUNE 15, 2023
For years, MUFG Union deceived its customers about three different kinds of fees, regulators found. U.S. Bank inherited the liability when it acquired the Japanese-owned bank last year.
The Paypers
JUNE 15, 2023
Cloud payments and financial messaging provider Volante Technologies has launched Embedded Preprocessing, a solution for banks to adapt, improve customer service, and drive business growth.
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As we step into 2024, the lending landscape evolves rapidly with technology, regulations, and market dynamics driving change. For banks and financial institutions to stay competitive and meet the evolving needs of their customers, these drivers must be understood and engaged with. Lenders can anticipate significant transformation fueled by technological advancements, regulatory shifts, and changing consumer behaviors.
American Banker
JUNE 15, 2023
J. David Rosenberg, a shareholder in the Salem, Indiana-based company, proposed the initiative after he became frustrated with the bank's financial performance.
Image Works Direct
JUNE 15, 2023
Social media is an ever-evolving landscape, and using it effectively is becoming a crucial part of many brands’ strategy. While it can seem hard to keep up with how often the major platforms are evolving, don’t let that deter you! The basics are all still the same, no matter how often the top platforms, their algorithms and the way that users are verified are changed.
American Banker
JUNE 15, 2023
The former presidential candidate shared his worst-case scenarios for artificial intelligence, as well as his opinions about bank chatbots and what he thinks of the U.S. political system, at American Banker's Digital Banking Conference.
The Paypers
JUNE 15, 2023
Emerging debt collection software provider Paycepaid has partnered with Envestnet | Yodlee to supply synchronised data for holistic customer financial hardship assessment.
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Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.
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