Credit card surcharge bills lurk in state legislatures
Payments Dive
JANUARY 19, 2024
The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.
Payments Dive
JANUARY 19, 2024
The state legislation relating to credit card surcharges is poised to keep percolating in a pack of states this year, following new laws in some last year.
CFPB Monitor
JANUARY 19, 2024
The Federal Housing Finance Agency (FHFA) recently published another FHFA Insights blog post addressing the underutilization of appraisal time adjustments by appraisers that is a companion to an FHFA Insights blog post that we reported on previously. In the recent blog post, the FHFA presents the question “Is the racial disparity in underappraisal, or some portion of it, due to racial disparities in the practice of time adjustment?”.
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Payments Dive
JANUARY 19, 2024
The card network has grown its roster of partners in an effort to streamline transactions between businesses.
ATM Marketplace
JANUARY 19, 2024
A panel of experts shared core trends and rules for success for self-service automation at the Self-Service Innovation Summit in Miami, Florida.
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
JANUARY 19, 2024
Bank regulators Friday said the existing laws governing safety and soundness and fair lending are adequate to address risks posed by artificial intelligence, noting that while AI may be used to inform lending decisions, banks are ultimately responsible for compliance.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
American Banker
JANUARY 19, 2024
The Alabama bank's executives said commercial borrowers remain cautious amid high rates and economic uncertainty. During the fourth quarter, flat lending and higher deposit costs weighed down the company's net interest income.
BankInovation
JANUARY 19, 2024
Huntington Bancshares Chief Technology and Operations Officer Paul Heller is set to retire March 1. Heller has built the technology operations throughout the $187 billion, Columbus, Ohio-based bank since 2012, according to a Jan. 10 bank release. As Heller retires, the bank’s executive team is getting an overhaul.
American Banker
JANUARY 19, 2024
The new service will allow financial institutions to streamline the process for moving accounts and verifying income.
BankInovation
JANUARY 19, 2024
Ally Financial today agreed to sell its point-of-sale financing business along with its loan books to Synchrony Financial for an undisclosed price.
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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
JANUARY 19, 2024
Investors drove up the stock prices of both companies after Ally Financial said it's selling its point-of-sale lending business to Synchrony Financial. The deal is expected to help Ally focus on its bread-and-butter auto lending business, while also aiding Synchrony's efforts to gain market share.
The Paypers
JANUARY 19, 2024
Tesla has announced its partnership with US-based lending technology company Origence in order to provide credit union financing to electric vehicle buyers.
American Banker
JANUARY 19, 2024
Citizens Bank of Edmond's Jill Castilla is reappointed to Fed Advisory Council; Old National injects $1.2 billion into its existing community benefits program; former Ernst & Young CEO Mark Weinberger joins JPMorgan's board; and more in our weekly banking news roundup.
The Paypers
JANUARY 19, 2024
Revolut Pay has announced its partnership with Ireland-based flag carrier Aer Lingus in order to provide clients with an optimised checkout experience.
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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
American Banker
JANUARY 19, 2024
The expansion program, entering its sixth year, gives the Cincinnati-based company a regional profile few of its competitors can match, CEO Tim Spence said on a conference call with analysts.
The Paypers
JANUARY 19, 2024
A report published by Chainalysis has shown that in 2023, illicit cryptocurrency wallet addresses received at least USD 24.2 billion worth of crypto.
American Banker
JANUARY 19, 2024
The Federal Reserve and New York State Department of Financial Services fined the Industrial and Commercial Bank of China for violations related to a lack of internal controls for confidential supervisory information and anti-money laundering compliance failures.
The Paypers
JANUARY 19, 2024
India-based ecommerce platform BuyEazzy has announced the raise of USD 4.25 million in a Series A funding round to accelerate its expansion strategy.
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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
JANUARY 19, 2024
The Columbus, Ohio-based bank expects to hike expenses by about 4.5% this year as it ramps up investments in geographic areas and specialty banking verticals where it sees growth opportunities.
The Paypers
JANUARY 19, 2024
VOXI by Vodafone has expanded its collaboration with Moneyhub to provide customers with 12 months of free access to its financial wellness app.
American Banker
JANUARY 19, 2024
Past crises have created opportunities for criminal organizations to inject their funds into the legitimate banking system. Bankers can't allow that to happen again.
The Paypers
JANUARY 19, 2024
Unified commerce and logistics solutions provider Cart.com has announced the rise of a USD 70 million debt facility in order to accelerate its development process.
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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
JANUARY 19, 2024
Companies like NCR Voyix, Salesforce and Sainsbury's are keen to deploy technology that used to be science fiction — such as scanning a shopper's eyes to access their accounts, or using AI to streamline checkout.
The Paypers
JANUARY 19, 2024
UAE-based Bitunix , a crypto derivatives exchange provider, has announced a partnership with crypto payment service Moonpay.
American Banker
JANUARY 19, 2024
Industry recruiters see the changes as intended to make client assets and advisory teams "stickier" and to retain executive talent.
The Paypers
JANUARY 19, 2024
Mastercard has launched a medical claim payment solution based on virtual card technology for healthcare and insurance providers in India.
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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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