U.S. Bank fined $36M over freezes of COVID-era unemployment benefits
Payments Dive
DECEMBER 20, 2023
The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year. The OCC added a separate penalty Tuesday.
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Payments Dive
DECEMBER 20, 2023
The Minneapolis-based lender flagged a CFPB probe into prepaid card use last year. The OCC added a separate penalty Tuesday.
PYMNTS
APRIL 2, 2020
The Federal Reserve Bank of Minneapolis President Neel Kashkari said on Thursday (April 2) that policymakers should be generous with the help that is extended to small businesses.
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Payments Dive
JULY 12, 2022
The Australian company will pay $11 million to Sezzle after it dropped a plan to purchase the Minneapolis-based company in the face of “macroeconomic and market conditions.”
Perficient
JUNE 29, 2020
Our Minneapolis office takes pride in their culture. But they’re also actively involved in the Minneapolis community and making it a better place for everyone. ” -Art Quinn, General Manager Minneapolis. In 2019 In 2019, we ranked as a top employer brand in Detroit , Orange County , Minneapolis, St.
Perficient
JULY 23, 2020
Soon after Paul left his interview in the Perficient Minneapolis office, he received an email offering him a position. Art Quinn, general manager of Minneapolis, take great pride in the culture of his team. His experience and skill with AEM made his transition from our Minneapolis GEO to our Adobe Business Unit natural.
PYMNTS
APRIL 3, 2019
Verizon has activated its 5G wireless network in Chicago and Minneapolis, the company announced on Wednesday (April 3), and it plans to roll it out to 30 more markets by the end of the year, according to a report by CNBC. The company won’t see revenue from the new network until 2021, Verizon CEO Hans Vestberg said.
Banking Exchange
NOVEMBER 29, 2021
Converted branch will include affordable housing, commercial and outdoor spaces, nonprofit services, and arts and cultural destinations Community Banking Feature3 Feature Fair Lending Diversity Inclusion Human Rights Small Business.
Perficient
JULY 8, 2020
Minneapolis has already been named a top workplace in 2020, and our offices in Detroit , Orange County , Minneapolis, and St. Additional Perficient offices around the country have also been recognized as great places to work for the same reason. Louis received awards in 2019 as well!
Bank Innovation
JULY 11, 2019
Among them, Minneapolis-based Branch is working with employers to offer such employees digital money management tools and a portion of a worker’s paycheck in advance. With the growth of digital finance tools, a group of startups is looking to reach those who may be left behind, namely hourly workers.
Bank Innovation
APRIL 17, 2019
Bank executives, during the first-quarter earnings call today, outlined a strategy to extend relationships with customers outside the Minneapolis-based bank's physical footprint. Coming off the launch of a revamped mobile app and the hiring of the bank's first chief digital officer, U.S.
Bank Innovation
NOVEMBER 11, 2019
Venturo said the bank, which is headquartered in Minneapolis and has $467 billion in assets, looks at three criteria when launching any new innovation effort, including improved customer experience; added […]. According to Dominc Venturo, chief innovation officer at U.S.
Bank Innovation
SEPTEMBER 7, 2017
The Minneapolis-based bank ran an employee pilot over the summer and initiated work on the Alexa skill earlier in 2017, said Gareth Gaston, executive vice president and head of omnichannel banking at U.S. […]. EXCLUSIVE- U.S.
BankInovation
JANUARY 17, 2024
The $668 billion, Minneapolis, Minn. Bank made digital and operational investments during the fourth quarter as it focused on modernizing payments and technology. bank spent $513 million on technology and communication during Q4, up 12% year over year, according to its Q4 2023 earnings presentation.
American Banker
APRIL 17, 2024
After the Minneapolis-based company reported stubbornly high commercial deposit costs, it reduced its full-year forecast for net interest income by $200 million-$500 million.
Bank Innovation
OCTOBER 10, 2019
Against the rising tide of digital-only banks, Minneapolis-based personal finance platform Branch has taken the plunge. The four-year-old company offers a suite of personal finance tools, including payday advance, to hourly workers through integrations with employer payroll platforms, which currently include Pizza Hut and Taco Bell.
Bank Innovation
JUNE 6, 2019
The Minneapolis-based regional bank currently has more than 3,000 bank branches in 26 states, but it is looking to reduce […]. Bancorp is closing 21 branches in the Chicago area as part of a restructuring plan to expand its physical footprint in some markets while shrinking its presence in others, bank spokesman Evan Lapiska confirmed.
Perficient
NOVEMBER 9, 2020
Atlanta , Charlotte , Minneapolis and St. Winners were announced and honored at a free virtual celebration on November 5th. This win adds to the list of Perficient offices already recognized as top workplaces this year. Louis have also received this honor, proving that the Perficient culture is strong across the board.
American Banker
MAY 19, 2016
Minneapolis Fed President Neel Kashkari made waves when he said drastic measures including potentially breaking up the megabanks are needed to end "too big to fail." In an expansive interview, Kashkari talked about his political future, the culture at the Fed and the challenge of legislating change.
American Banker
AUGUST 11, 2023
Chief Executive Andy Cecere is among the defendants in a shareholder lawsuit that alleges that top officials at the Minneapolis bank profited from the concealment of employee misconduct. Bancorp spokesperson denied the allegations.
PYMNTS
JUNE 1, 2020
The protests have broken out in response to the killing of George Floyd, an unarmed black man, by a police officer in Minneapolis last week. Now, Uber has suspended its operations in Los Angeles, Oakland, San Francisco and parts of Minneapolis during the curfew hours for the time being.
BankInovation
MAY 23, 2022
The Minneapolis-based bank last month launched a Spanish-language version of its smart voice assistant — Asistente Inteligente de U.S. Bank’s Spanish-speaking customers can now service their auto loans by speaking into the bank’s mobile app.
BankInovation
FEBRUARY 22, 2022
The multiyear partnership is meant to help business customers more easily generate invoices and handle payments, the Minneapolis-based lender said in a statement. Bancorp is doubling down on its growing digital-banking operations by partnering with Microsoft Corp. to improve offerings over the internet and on mobile apps.
American Banker
JUNE 5, 2020
As part of its commitment, the Minneapolis company said it will provide $100 million in capital to African American owned and operated businesses and organizations.
ATM Marketplace
JUNE 3, 2020
Protests have taken center stage as people throughout the world call for justice in the May 25 death of George Floyd by a Minneapolis police officer. Several ATM machines in a variety of cities were damaged and robbed when some peaceful protests turned violent.
American Banker
JUNE 6, 2016
Bank of Montreal has agreed to buy Greene Holcomb Fisher, a boutique advisory firm in Minneapolis.
American Banker
JANUARY 17, 2024
The Minneapolis company's balance sheet is still feeling the weight of higher funding costs, but CEO Andrew Cecere gave several reasons why he anticipates revenue growth will begin to outpace noninterest expense growth and efficiency will improve after midyear.
American Banker
MARCH 17, 2016
Bank at Minneapolis-St. Wings Financial Credit Union has scored a deal to take over a branch from U.S. Paul International Airport.
PYMNTS
JULY 24, 2020
The recent missed payments were reported by the Minneapolis/St. Pre-negotiation agreement has been executed, and the borrower submitted a proposal to Special Servicer, which is currently under review,” CWCapital wrote in notes the Minneapolis/St. The mall had already long suffered from decreased foot traffic even before the pandemic.
Bank Innovation
DECEMBER 8, 2016
But that doesn’t mean the Minneapolis-based bank is giving up on branches. Bank’s transactions are now 60% digital, Chief Operating Officer Andrew Cecere said at the Goldman Sachs U.S. Financial Services Conference this week. It has around 3,000 branches and 80% of its sales activity still takes place there Read More.
American Banker
SEPTEMBER 27, 2023
Cash remains king, but some credit card customers prefer giving their rewards to nonprofits, so the Minneapolis banking giant has made it a year-round option where it's matching donations dollar for dollar.
BankInovation
MARCH 10, 2021
Richard Weeks, head of conversational experiences and capabilities at Minneapolis-based U.S. Bank, will discuss new use cases for chatbot development and deployment during the Bank Automation Ignite virtual conference, taking place April 13-14. Weeks will be part of a live panel discussion on Tuesday, April 13, at 2:15 p.m.
BankInovation
FEBRUARY 9, 2021
billion Minneapolis, Minn.-based When COVID-19 hit, Sunrise Banks shifted to a remote environment within 48 hours and it quickly became clear that manual processes weren’t going to work anymore, said Sunrise CIO Brett Cooksey. Cooksey came to the $1.2 based bank from C.H.
BankInovation
FEBRUARY 2, 2021
The Minneapolis, Minn.-based Sunrise Banks is putting together a “strike team” to transform ACH originations into an automated process from a manual one. based bank with $1.2 billion in assets plans to hire five to six new employees to tackle the automation project, Chief Information Officer Brett Cooksey told Bank Automation News.
PYMNTS
JUNE 26, 2018
Grocery delivery for Prime members is taking its next great leap forward as Amazon and Whole Foods have announced that Prime Now Grocery is expanding to Chicago, Houston, Indianapolis, Minneapolis and San Antonio. Consumers in Chicago, Houston, Minneapolis and San Antonio will also be able to choose from a selection of alcoholic beverages.
BankInovation
FEBRUARY 11, 2021
The Minneapolis, Minn.-based Bank, went live today with an automated solution that allows it to better manage homebuilder construction loans. Already, the bank is thinking about expanding the tool to the broader commercial real estate platform. based bank worked with Built Technologies, a construction finance software company, […].
American Banker
FEBRUARY 3, 2021
Scott Ford is the new president of the 1,400-employeee wealth management unit that caters to affluent clientele of the Minneapolis company.
PYMNTS
DECEMBER 14, 2020
This partnership will provide us the opportunity for deeper investments in our communities, more jobs in Detroit, an increased commitment in Minneapolis and a better experience for our customers,” Torgow said. “We We will be a top regional bank, with the scale to compete and the passion to serve.
CFPB Monitor
SEPTEMBER 6, 2022
She is resident in the firm’s Minneapolis office. I am pleased to share with our blog readers that Kristen Larson, an attorney with almost two decades of in-house experience advising midsized and large national banks on financial services matters, has joined Ballard Spahr’s Consumer Financial Services Group.
American Banker
JULY 23, 2020
Voice and text banking will be embedded in the Minneapolis bank's mobile app through a chatbot assistant that also caters to users with disabilities.
American Banker
AUGUST 28, 2023
Niel Willardson, a former Minneapolis Fed official, will replace him as interim executive vice president Oct. Azher Abbasi, executive vice president of the supervision and credit group at the Federal Reserve Bank of San Francisco, will retire on Oct.
PYMNTS
AUGUST 9, 2020
Neel Kashkari , president of the Federal Reserve Bank of Minneapolis and Dr. Michael Osterholm , director of the Center for Infectious Disease Research and Policy at the University of Minnesota , said the defeat of the coronavirus will require sacrifice but will save thousands of lives. 7), they wrote the choice is clear.
PYMNTS
DECEMBER 9, 2020
locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. Louis, Tucson and Upstate New York.
Bank Innovation
FEBRUARY 8, 2017
The future of the bank branch has arrived, and it all starts in Minneapolis (and Denver).
South State Correspondent
AUGUST 1, 2022
There once was a time when Minneapolis Fed President Neel Kashkari was easily the most dovish member of the FOMC. July Jobs and ISMs Headline Releases this Week. The fact he was on the Sunday news shows yesterday reiterating the hawkish case is just another sign of how intent the Fed is in getting inflation to decline in the months ahead.
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