Payments Dive

OCTOBER 20, 2023

The Fed hasn’t changed a debit card fee cap since it was put in place in 2011, but it's planning to take up the issue at a meeting next week.

Cards 435

Cards Meeting 435

CFPB Monitor

OCTOBER 20, 2023

On October 5, the CFPB published the list of new members appointed to serve on the Consumer Advisory Board and each Council group. As background, Dodd-Frank requires the CFPB to maintain and work with a Consumer Advisory Board, comprised of industry leaders who are recommended by the presidents of each Federal Reserve Bank across the country.

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Groups Industry Community Bank Community 78

Payments Dive

OCTOBER 20, 2023

The rule makes it easier for consumers to share deposit account and credit card data with fintechs, the Consumer Financial Protection Bureau said.

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Fintech Cards Data 392

American Banker

OCTOBER 20, 2023

Consumer Financial Protection Bureau director Rohit Chopra said Friday that a recently proposed data-access rule will provide a competitive edge to small banks, leveling the playing field between them and their larger competitors.

Data 88

Data Compliance Regulation 88

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Payments Dive

OCTOBER 20, 2023

Businesses are increasingly turning to same-day ACH payments this year, according to Nacha, a national clearinghouse that manages electronic money movement.

Payments 312

Payments National Management 312

Payments Dive

OCTOBER 20, 2023

As the company’s marketing spending dipped in the third quarter, Amex acquired fewer new cards than it has in recent quarters.

Cards 243

Cards Marketing Company 243

American Banker

OCTOBER 20, 2023

The National Community Reinvestment Coalition and the American Bankers Association have sent dueling letters to the Federal Reserve over whether NCRC advocates pressured ABA member banks to denounce the ABA's litigation against the Consumer Financial Protection Bureau.

Community 83

Community Groups National Policies 83

The Paypers

OCTOBER 20, 2023

Australia-based fintech has Data Zoo expanded to the North American Market by leveraging a US patent to deliver digital identity solutions for banks and prevents identity theft.

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Data America Fintech US 73

American Banker

OCTOBER 20, 2023

"We'll be taking steps to offset expense pressures," CEO Curtis Farmer told analysts after the company reported an 11% year-over-year jump in costs and falling profits.

Report 78

Report Company Management Lending 78

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BankInovation

OCTOBER 20, 2023

Huntington Bancshares remained steadfast in its commitment to control expenses during the third quarter, allowing it to maximize efficiency. “This focus on sustained efficiencies — including Operation Accelerate business process, offshoring and the other actions — will yield multiyear benefits,” Chief Financial Officer Zach Wasserman said during today’s earnings call.

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Operations Retail 66

American Banker

OCTOBER 20, 2023

Steve Squeri says the outcry over the airline's changes to its loyalty program has not hurt spending on co-branded Amex cards.

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Branding Cards Payments 85

BankInovation

OCTOBER 20, 2023

KeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased to $1.1 billion in the quarter, up by 0.4% year over year, driven by an increase of $12 million in tech spend, according to its quarterly earnings report.

Cleveland 66

Cleveland Management Technology Report 66

American Banker

OCTOBER 20, 2023

Regulators will now accept feedback until Jan 16, 2024 — a six-week extension — concurrent with a Federal Reserve effort to gather additional information about the potential implications of the proposed capital changes.

Regulation 65

Regulation Capital Policies Compliance 65

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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

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The Paypers

OCTOBER 20, 2023

The Consumer Financial Protection Bureau (CFPB) has proposed a Personal Financial Data Rights rule set to expedite the shift to Open Banking in the US and jumpstart competition.

US 45

US Data 45

American Banker

OCTOBER 20, 2023

Acting Comptroller of the Currency Michael Hsu said Friday morning that regulators' forthcoming Community Reinvestment Act implementation final rule "has to be better and it's got to be faster" than the status quo.

Lending 57

Lending Community Regulation Policies 57

The Paypers

OCTOBER 20, 2023

Sift , a digital trust and safety solution provider, has announced new reseller and integration partnerships to expand its reach and enable complete customer journey protection.

Technology 45

Technology 45

American Banker

OCTOBER 20, 2023

The Federal Reserve released its semiannual financial stability report highlighting elevated asset values, funding issues and pockets of leverage as top concerns.

Report 45

Report Compliance Regulation 45

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The Paypers

OCTOBER 20, 2023

UK-based communications services company BT has launched Network-as-a-Service solution Global Fabric to connect multiple clouds businesses have and boost productivity.

Company 45

Company 45

American Banker

OCTOBER 20, 2023

The global clearinghouse inked the deal with Securrency as part of its push to expand the use of the emerging technology in capital markets.

Capital 45

Capital Technology Marketing blockchain 45

The Paypers

OCTOBER 20, 2023

AI and data services provider Centific has partnered with Prove Identity to improve the digital security landscape and enhance customer experiences.

Customer Experience 48

Customer Experience Security Data 48

American Banker

OCTOBER 20, 2023

The New York State Department of Financial Services and the Federal Reserve Board penalized Metropolitan Commercial Bank for failing to prevent $300 million in fraud in a prepaid card program. It is the latest example of a bank being sanctioned in connection with rampant fraud during the COVID-19 pandemic.

New York 36

New York Fraud Examples Cards 36

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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.

Lending

The Paypers

OCTOBER 20, 2023

Mastercard has announced its partnership with Remitly in order to expand access to cross-border payments and remittances to the latter’s US-based clients.

US 45

US Payments 45

American Banker

OCTOBER 20, 2023

JPMorgan Chase pilots Mastercard's open-banking tech for U.S. bill payment; Benson F. "Buzz" Roberts will retire at year-end as CEO of the National Association of Affordable Housing Lenders; and venture capital firms pour funds into bank vendors.

Payments 36

Payments National Capital Industry 36

The Paypers

OCTOBER 20, 2023

UNO Digital Bank has partnered with Collabera Digital to expand and increase its user base by developing and integrating a mini-app in Philippines-based GCash.

Digital Banking 45

Digital Banking 45

American Banker

OCTOBER 20, 2023

Other regional banks are vowing to cut costs, but Huntington Bancshares CEO Steve Steinour says the Columbus, Ohio-based lender is well positioned to "play offense" in 2024.

Columbus 36

Columbus Ohio Trends Regional 36

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