Payments Dive

JUNE 20, 2023

The bills introduced last week aim to protect Americans’ right to use cash, and to address privacy concerns regarding a cashless economy.

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South State Correspondent

JUNE 20, 2023

For the first time in ten meetings and the first time in 15 months, the Federal Reserve left its fed funds rate unchanged at 5.00–5.25%. However, far from settling future interest rate moves, the “Fed Pause” creates several perplexing future monetary scenarios. While the Fed did pause, it increased its terminal rate forecast by another 50 basis points.

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Policies Meeting Marketing Community Bank 195

Payments Dive

JUNE 20, 2023

Card giant Visa has selected Chris Suh as its new chief financial officer. Suh, formerly at gaming company Electronic Arts and tech titan Microsoft, will receive a $3 million signing bonus and $20 million in longer-term compensation.

Cards 259

Cards Company 259

CFPB Monitor

JUNE 20, 2023

On June 13, 2023, the Department of Justice (“DOJ”) announced that it had settled an action against a multi-family residential property management company for alleged violations of the Servicemembers Civil Relief Act (“SCRA”) prohibition on imposing early termination charges when a servicemember lawfully terminates a residential lease after receiving military orders. .

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Management Company 148

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.

US

Payments Dive

JUNE 20, 2023

Nevada’s new law on earned wage access increases the importance of hearing more from the Consumer Financial Protection Bureau about its view of the growing on-demand pay trend.

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Nevada Trends 221

Payments Dive

JUNE 20, 2023

The technology from Gilbarco Veeder-Root will update payment touchpoints at 13,000 of the fuel company’s U.S. pump locations.

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Technology Payments Company 221

BankInovation

JUNE 20, 2023

Discover has pledged $36 million toward its Discover Financial Health Fund, an initiative launched last week to support startups that promote the financial well-being of traditionally underserved populations.

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Community America Capital Retail 98

BankBazaar

JUNE 20, 2023

Introducing the one and only Sainath, the Music Maverick who is on an escapade to conquer the ivories. Having passed Grade 1 of piano from Trinity College London, he is currently preparing to shine at the next level! Now, Sainath is not just the master of the keys! He has also conquered the world of keywords and uses his in-depth knowledge of SEO to help BankBazaar optimize website content and demystify the mysteries of website traffic.

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US 78

William Mills

JUNE 20, 2023

Thousands of public relations and marketing graduates are starting their careers and are ready to use the skills they learned in school. Having been in that position not too long ago, I have learned that there are many skills and situations that school that can prepare you for — and there are other lessons you can only learn on the job.

Marketing 81

Marketing 81

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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

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TheGuardian

JUNE 20, 2023

Borrowers who made a short-term choice after the 2008 banking crisis were lucky – current borrowers have been equally unlucky As mortgage lending rates surge to levels not seen since the banking crisis, some borrowers are wondering whether there is something to be said for the certainty of fixing the borrowing rate for the full term of the loan. In 2007 two of the UK’s biggest lenders launched 25-year fixed-rate mortgages.

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Lending 75

American Banker

JUNE 20, 2023

The state where the first U.S. credit union opened in 1909 reported fewer members in the first quarter compared to a year earlier, due in part to the competitive threat from banks.

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New Hampshire Report 69

TheGuardian

JUNE 20, 2023

Comments come as data shows average two-year fixed rate rises to 6.07%, and five-year to 5.72% Business live – latest updates The consumer champion Martin Lewis has said the mortgage “ticking timebomb” he warned the UK government about last year has “exploded”. Lewis said on Tuesday that if interest rates were going to be high over three or four years, people were going to have to readjust their finances.

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Data Marketing 75

American Banker

JUNE 20, 2023

The American Bankers Association's Economic Advisory Committee said access to loans is likely to further soften, while defaults and credit losses could increase in the second half of the year.

Community Bank 69

Community Bank Community Lending 69

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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

JUNE 20, 2023

Sweden-based fintech Froda has partnered with Lunar and Visa to launch its card-based embedded lending solution for small businesses in Denmark.

Cards 69

Cards Lending Fintech 69

ABA Community Banking

JUNE 20, 2023

Virginia Ali, owner of historic D.C. landmark Ben’s Chili Bowl, got her start at a community bank The post Living legend credits banking for success appeared first on ABA Banking Journal.

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Virginia Community Bank Community 52

American Banker

JUNE 20, 2023

Though generative AI has limitations and risks, there is a cost to ignoring it, according to Ryan Favro, a managing principal at Capco.

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Management Technology 69

The Paypers

JUNE 20, 2023

Amazon has partnered with UK-based embedded finance provider YouLend to launch a flexible financing programme for UK SMBs.

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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.

Lending

American Banker

JUNE 20, 2023

California regulators are suggesting that programs that allow workers fee-free access to their earnings between pay periods should be treated as loan products. That's wrong and short-sighted.

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California Regulation Lending Innovation 57

The Paypers

JUNE 20, 2023

Global digital core banking platform Bankable has acquired Arex Markets to embed credit and working capital into the payment flows of companies and partners.

Marketing 41

Marketing Capital Payments Company 41

American Banker

JUNE 20, 2023

Trucking companies saw a boom during COVID as homebound consumers spent big on goods that needed to be shipped. Now comes the bust, with some firms going bankrupt or struggling to pay back their loans.

Company 50

Company Lending 50

The Paypers

JUNE 20, 2023

UK-based Custom Credit has announced it will be rolling out Ordo ’s Request to Pay and ecommerce services across all areas of its business allowing for Open Banking payments.

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Payments 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

American Banker

JUNE 20, 2023

Longstanding factors such as the share of local deposits held by each bank will no longer be the main considerations in determining the competitive effects of a deal, said Assistant Attorney General Jonathan Kanter. His speech was interpreted as a hint that banks seeking merger approvals could face tougher times ahead.

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Maine Industry Compliance Regulation 41

The Paypers

JUNE 20, 2023

UK-based card-to-card payments company Paysend has partnered with RemotePass in order to offer instant payments to global customers and contractors.

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Cards Payments Company 41

American Banker

JUNE 20, 2023

The Swiss bank inherits its former rival's entire litigation portfolio, facing hundreds of millions of dollars in regulatory fines over Credit Suisse's dealings with Archegos Capital.

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Capital Management 36

The Paypers

JUNE 20, 2023

Ireland-based developer of software solutions for the financial services industry Aryza has entered a strategic partnership with Acquired.com.

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Software Industry 41

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