BankUnderground

AUGUST 23, 2023

Gerry Gunner and James Waddell Buy-Now-Pay-Later (BNPL) is a relatively new form of consumer credit that you might have noticed as a payment option when shopping online or in person. However, there is little analysis in the public domain about who is using BNPL credit in the UK and its contribution to total household debt. We have used the Bank’s NMG Consulting survey to reveal that BNPL borrowers are typically younger adults and renters, and are more likely to report signs of financial distress

Survey 83

Survey Groups Regulation Lending 83

Payments Dive

AUGUST 23, 2023

New Jersey’s governor signed a new law capping credit card surcharges, limiting the amount merchants can charge for processing a transaction.

New Jersey 366

New Jersey Cards 366

CFPB Monitor

AUGUST 23, 2023

On August 28, 2023 (the “Effective Date”), SB 103 , signed into law by Missouri’s governor, will become the nation’s second statutory framework for earned wage access (EWA) providers. The Missouri law closely resembles Nevada’s recently enacted law to license and regulate EWA providers. SB 103 enacts a new RSMo § 361.749(2), which expressly provides that “[n]o person shall engage in the business of earned wage access services in [Missouri] without first registering as an earned wage access serv

Missouri 78

Missouri Regulation 78

Payments Dive

AUGUST 23, 2023

The mega-processor tapped a seasoned CFO, with experience from Walgreens and Kraft, to replace a company insider elevated to the role a year ago.

Company 195

Company 195

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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CFPB Monitor

AUGUST 23, 2023

The CFPB has filed its opposition to the motion for a preliminary injunction filed by the intervenors in the Texas federal court lawsuit challenging the CFPB’s final small business lending rule (Rule). The intervenors are several credit unions, community banks, and credit union and community bank trade associations. In the Texas lawsuit, the court entered an order on July 31 that preliminarily enjoins the CFPB from implementing and enforcing the Rule “pending the Supreme Court’s reversal of [ C

Texas 78

Texas Lending Community Bank Community 78

CFPB Monitor

AUGUST 23, 2023

On September 7, 2023, at the ABA Business Law Section Fall Meeting in Chicago, Alan Kaplinsky, Ballard Spahr Senior Counsel in the firm’s Consumer Financial Services Group, will moderate a program, “U.S. Supreme Court to Revisit Chevron Deference: What the SCOTUS Decision Could Mean for CFPB, FTC, and Federal Banking Agency Regulations.” .

Chicago 78

Chicago Meeting Regulation Groups 78

American Banker

AUGUST 23, 2023

Banks like Capital One, U.S. Bank and Santander are updating their floor plans and their menus — often with a discount on food or beverages for cardholders — to reach more millennial and Gen Z consumers.

Millennials 69

Millennials Capital Payments 69

CFPB Monitor

AUGUST 23, 2023

The Kentucky banks and Kentucky trade association that filed a lawsuit in a Kentucky federal district court challenging the CFPB’s final small business lending rule (Rule) have filed a motion for a preliminary injunction. The court has ordered the CFPB, if it objects to the motion, to file a response by September 3, 2023.

Kentucky 78

Kentucky Lending 78

American Banker

AUGUST 23, 2023

The payments industry produces billions of cards each year, contributing to the massive amounts of plastic that end up polluting the planet. Key players have stepped up to adopt more environmentally friendly options.

Cards 69

Cards Industry Payments 69

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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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The Paypers

AUGUST 23, 2023

US-based revenue management platform Beyond has launched Tally, a modern, ready-to-use payment processing solution designed for the vacation rental industry.

Payments 68

Payments US Industry Management 68

American Banker

AUGUST 23, 2023

A new state regulation brings consumer-style rules to the small business realm, extending California regulators' ability to crack down on nonbank lenders that engage in questionable practices. Observers believe that it could be a model for other states.

California 69

California Lending Regulation Compliance 69

BankInovation

AUGUST 23, 2023

Citigroup is investing in alternative payment methods as client needs and technologies evolve. The goal is “making sure that our payment stack is future-ready,” William Artingstall, global co-head of cross-border payments and receivables at Citi, told Bank Automation News. For example, in March, the $2.

Payments 52

Payments Examples Technology 52

American Banker

AUGUST 23, 2023

Despite ESG headwinds in Florida, Climate First Bank in St. Petersburg continues to make "green" loans and plans to show consumers how their purchases affect the environment.

Florida 69

Florida Technology Fintech 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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BankInovation

AUGUST 23, 2023

Wealth management company Edward Jones selected Citibank on Aug. 15 to provide bank accounts to its more than 8 million clients. The St. Louis-based company will also integrate Citi Alliance, the bank’s lending service, into its platform to provide loans to its customers, according to an Edward Jones release.

St. Louis 52

St. Louis Lending Industry Management 52

American Banker

AUGUST 23, 2023

Forget special offers, ubiquitous branches and promises of convenience. Younger clients want to see state-of-the-art technology and hear good things from friends and family, according to a recent Arizent survey.

Marketing 68

Marketing Survey Technology Community Bank 68

The Paypers

AUGUST 23, 2023

J.P. Morgan Payments has announced the launch of Tap-to-Pay on iPhone for US-based merchant clients to accept in-person, contactless payments, with Sephora as the first customer.

US 36

US Payments 36

American Banker

AUGUST 23, 2023

Banks handle vast amounts of data, and understanding and making the most of that data is key to staying competitive.

Data 68

Data Technology 68

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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.

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The Paypers

AUGUST 23, 2023

Nigeria-based fintech Flutterwave has reportedly planned to further its initial public offering (IPO) after progress in resolving allegations of financial impropriety in Kenya.

Fintech 36

Fintech Report 36

American Banker

AUGUST 23, 2023

SVB promotes its head of payments infrastructure, Turkey approves Colendi to open a digital bank and more.

Digital Banking 69

Digital Banking Payments Technology 69

The Paypers

AUGUST 23, 2023

True Digital Group , a provider of digital vendor optimisation network services, has partnered with Ncontracts , a vendor, compliance, and risk management solutions provider in the financial industry.

Management 36

Management Risk Management Compliance Data 36

American Banker

AUGUST 23, 2023

No matter how good generative artificial intelligence gets, consumers navigating the purchase of complex financial products will always demand the attention of expert human advisors.

Marketing 53

Marketing Management Technology 53

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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

AUGUST 23, 2023

The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) have jointly unveiled the results of a collaborative research endeavour focused on the potential implementation of a central bank digital currency (CBDC) in Australia.

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American Banker

AUGUST 23, 2023

The agency will hold an open meeting next month to issue the proposal for banks with at least $100 billion of assets. It will also discuss changes to resolution plan standards.

FDIC 36

FDIC Meeting Policies Compliance 36

The Paypers

AUGUST 23, 2023

Telesign , a provider of customer identity and engagement solutions, has released more data from its 2023 Telesign Trust Index , highlighting the dynamic of online fraud.

Fraud 36

Fraud Survey Millennials Online 36

American Banker

AUGUST 23, 2023

Federal Reserve chair Jerome Powell is expected to tout the economy's brightening prospects while communicating to markets that the central bank's fight against inflation is not yet over in his address at an economic summit in Jackson Hole, Wyo. on Friday.

Marketing 36

Marketing Policies 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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