CFPB Monitor

SEPTEMBER 25, 2023

The FDIC has filed motion to dismiss the lawsuit filed in July 2023 in a Minnesota federal district against the FDIC and its Chairman seeking to invalidate the FDIC’s supervisory guidance on charging multiple non-sufficient funds (NSF) fees for the same unpaid item. See out prior blog here. Last August, the FDIC-issued Financial Institutions Letter 40-2022: Supervisory Guidance on Multiple Re-Presentment NSF Fees (“FIL 40”).

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FDIC Minnesota 78

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

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Abrigo

SEPTEMBER 25, 2023

The SAFER Banking Act could allow financial institutions to profitably bank CRBs Legislation in the Senate could bridge the gap between federal and state marijuana policies for banks. Learn the legislation's history and how it benefits financial institutions. You might also like this whitepaper, "Cannabis and financial institutions: Providing services to cannabis-related businesses.

Puerto Rico 243

Puerto Rico Virgin Islands Guam United States 243

Payments Dive

SEPTEMBER 25, 2023

Quick Checkout for Adobe Commerce powered by Bolt helps merchants streamline the checkout process and allows shoppers to check out with one click.

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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.

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Abrigo

SEPTEMBER 25, 2023

The SAFER Banking Act could allow financial institutions to profitably bank MRBs Legislation that could bridge the gap between federal and state marijuana policies for banks is on the move. Learn its history and how it benefits financial institutions. You might also like this podcast, "To be blunt: The ins and outs of cannabis-related banking." LISTEN NOW Bipartisan support The 2023 SAFE Banking Act: An unclear outlook Takeaway 1 The Senate recently introduced the newest version of marijuana leg

Puerto Rico 195

Puerto Rico Virgin Islands Guam United States 195

South State Correspondent

SEPTEMBER 25, 2023

On September 20, 2023, the Federal Open Market Committee (FOMC) left its benchmark rate unchanged, but it would be a mistake to conclude that the committee did not send a strong message about the projected path of future interest rates. The FOMC revised its view on future projected interest rates – rates will be “higher for longer” or perhaps higher for the foreseeable future.

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Community Bank Community Industry Marketing 195

Payments Dive

SEPTEMBER 25, 2023

The CCCA would “remove consumer choice, erode security, eliminate rewards, and dramatically prevent small businesses from investing in their future,” Mastercard said in a letter.

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Security 221

CFPB Monitor

SEPTEMBER 25, 2023

Court Rules in Favor of HUD in Disparate Impact Rule Case More than ten years after the filing of the initial complaint challenging the 2013 disparate impact rule (Rule) adopted by the U.S. Department of Housing and Urban Development (HUD) under the Fair Housing Act (Act), the federal district court in Washington, DC granted HUD’s motion for summary judgment.

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DC Washington Lending 78

American Banker

SEPTEMBER 25, 2023

During Hunger Action Month, firms in the payments and fintech space should consider the many ways they can leverage their products to improve Americans' access to healthy foods.

Technology 97

Technology Payments Fintech 97

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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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ATM Marketplace

SEPTEMBER 25, 2023

When daily mobile orders suddenly decline for no apparent reason, when lines grow because the POS and the Kiosk transaction slow down dramatically, and/or when employees express frustration about doing simple things like clocking in or trying to complete video training, the likely culprit is congestion in the store network.

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Customer Experience Training Video Mobile 80

American Banker

SEPTEMBER 25, 2023

Banks need to — and can — take steps to manage the phenomenon, first defined by a Japanese academic in the 1970s, where artificial intelligence looks, feels or sounds human and gives customers a creepy feeling, experts say.

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Management Technology 87

The Paypers

SEPTEMBER 25, 2023

Pakistan-based fintech Neem has launched an embedded payments infrastructure to meet the needs of digital businesses in Pakistan and streamline digital transactions.

Payments 54

Payments Meeting Fintech 54

American Banker

SEPTEMBER 25, 2023

The Iowa-based bank says its two branches in Naples and Fort Myers were too small a presence to be competitive, so it decided to sell them to DFCU Financial.

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Iowa Florida 92

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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

SEPTEMBER 25, 2023

Spain-based digital identity and biometrics company Veridas has become a member of the Security Industry Association (SIA) to drive collaboration within security industry.

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Industry Security Company 48

American Banker

SEPTEMBER 25, 2023

A Piper Sandler poll found that 91% of respondents believe that either a mild or severe recession is already reflected in banks' shares. The survey also unveiled that market participants remain concerned mostly about credit quality and aftershocks from surging interest rates.

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Survey Marketing 85

The Paypers

SEPTEMBER 25, 2023

BigCommerce has launched its B2B Edition Invoice Portal to modernise the invoice payment process for B2B suppliers, manufacturers, distributors, and wholesalers.

Payments 45

Payments 45

American Banker

SEPTEMBER 25, 2023

Georgia United Credit Union is collaborating with the income-verification fintech Argyle to combat submissions of false documents and other crimes.

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Georgia Fraud Fintech Lending 85

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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

The Paypers

SEPTEMBER 25, 2023

Pakistan-based Allied Bank has partnered with R&D company Synapsify Systems and UAE-based Web3 fintech Fasset to augment digital banking with metaverse and Web 3.0 initiatives.

Digital Banking 41

Digital Banking Fintech System Company 41

American Banker

SEPTEMBER 25, 2023

Each of the 11 Federal Home Loan banks will be sent a supervisory letter and an advisory bulletin on bank credit risk from their regulator the Federal Housing Finance Agency, according to a report from the FHFA's Office of Inspector General.

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Report Meeting Regulation Policies 48

The Paypers

SEPTEMBER 25, 2023

Engagement banking company Backbase has partnered with identity verification and fraud prevention platform FrankieOne to simplify onboarding for financial institutions in Australia and New Zealand.

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Fraud Company 41

American Banker

SEPTEMBER 25, 2023

Grace Law, a Hong Kong native, seized an opportunity to work in a Chase branch in New York City more than 30 years ago. Today, she seeks ways to ensure her community — immigrants who are frequently overlooked by banks — has access to financial services.

Community 48

Community New York City New York Community Bank 48

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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.

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The Paypers

SEPTEMBER 25, 2023

OKX Wallet has integrated with Davos , a collateralised debt position (CDP) protocol designed to facilitate the minting of DUSD, by leveraging Liquid Staking Tokens (LSTs).

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American Banker

SEPTEMBER 25, 2023

The Securities and Exchange Commission — which charged Coinbase this year with operating as an unregistered securities exchange, broker and clearing house — says Coinbase Global's proposed involvement in Celsius Network's plan to emerge from bankruptcy raises many of the same concerns as those in the agency's lawsuit.

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Security Operations cryptocurrency Compliance 45

The Paypers

SEPTEMBER 25, 2023

Nigeria-based Guaranty Trust Bank has partnered with Infosys Finacle to use the latter’s services for its multi-country digital banking transformation program.

Digital Banking 41

Digital Banking 41

American Banker

SEPTEMBER 25, 2023

Goldman Sachs Group Chief Executive Officer David Solomon defended the need to support traditional energy companies, batting away demands from climate activists to abandon their clients in that sector.

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Groups Company Industry 36

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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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