BankInovation

FEBRUARY 28, 2024

National Bank of Canada focused on cost management and overall efficiency as it boosted tech spend and pulled back on headcount in the first quarter of 2024. Tech spend grew 3.6% year over year to $CA259 million ($190 million) for the quarter ended Jan. 31 as the bank continued to invest in technology across […]

National 66

National Management Technology Retail 66

CFPB Monitor

JANUARY 3, 2024

This New Year is setting up to be a momentous one for the consumer financial services industry in the United States Supreme Court.

Industry 97

Industry United States National Regulation 97

The Paypers

FEBRUARY 12, 2024

The US Department of the Treasury has published the 2024 National Risk Assessments on money laundering, terrorist financing, and proliferation financing.

US 36

US National 36

CFPB Monitor

MARCH 4, 2024

On February 27, 2024, the U.S. a case involving the effect of the Dodd-Frank Act on the scope of preemption under the National Bank Act (NBA). Supreme Court heard oral argument in Cantero v. Bank of America, N.A. ,

America 136

America New York National 136

CFPB Monitor

FEBRUARY 7, 2023

On February 2, 2023, New York Governor Kathy Hochul released her 2024 fiscal budget proposal, which included banking policy to “Protect New Yorkers from Predatory Banking Fee” in the Executive Budget Briefing Book.

New York 78

New York Policies National 78

Gonzobanker

FEBRUARY 1, 2024

M&A Dynamics Last year, we left AOBA noting that most bankers were optimistic about deals picking up later in 2023 and that the chances of a raging 2024 were strong. Well, we’re in 2024 and let’s talk about that “promising outlook” that seems to be building toward Q3.

Conference 88

Conference FDIC Arizona Industry 88

CFPB Monitor

JANUARY 25, 2024

After promising earlier this year to “establish nation-leading regulations for the Buy Now Pay Later loan industry,” New York Governor Kathy Hochul took a significant first step in that direction by including Buy Now Pay Later (“BNPL”) legislation in her Proposed 2024-2025 Transportation, Economic Development and Environmental Conservation (“TED”) (..)

New York 139

New York National Regulation Industry 139

Jeff For Banks

MARCH 21, 2024

Our lives changed forever from this whole experience of the government’s declaration of a national emergency, leading to forced shutdowns of businesses and schools, mandated mask wearing, forcing 6-foot distances between people, travel restrictions, fear mongering with case and death counts, and forced vaccines/boosters.

Marketing 148

Marketing Policies Report Atlanta 148

CFPB Monitor

JANUARY 10, 2024

On January 5, 2024, two trade groups representing auto dealers filed a petition for review challenging the Federal Trade Commission’s (“FTC”) new Combating Auto Retail Scams Rule (“CARS Rule”).

Groups 146

Groups United States Texas National 146

CFPB Monitor

FEBRUARY 8, 2024

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. Harper spoke at a Brookings Institution event to outline his regulatory agenda and supervisory priorities for 2024.

Lending 78

Lending National Management 78

TheGuardian

FEBRUARY 26, 2022

Questions raised over sponsorship of exhibitions by scandal-hit Swiss bank The National Gallery’s partnership with Credit Suisse has been thrown into question after leaked documents revealed the hidden wealth of the bank’s criminal clients, including drug traffickers, money launderers and corrupt politicians. Continue reading.

National 75

National Company 75

Abrigo

JANUARY 3, 2024

1, 2024, many companies must begin reporting information about who ultimately owns or controls them to a federal beneficial ownership registry. 1, 2024, many companies are required to begin reporting to the U.S. 1, 2024, have one year (i.e., 1, 2024) of the BOI Reporting Rule. Effective Jan. Department of Treasury 2.

Fraud 221

Fraud Regulation Report Compliance 221

CFPB Monitor

MARCH 1, 2024

On February 27, 2024, the U.S. a case involving the effect of the Dodd-Frank Act on scope of preemption under the National Bank Act (NBA). Supreme Court heard oral argument in Cantero v. Bank of America, N.A. ,

America 78

America New York National 78

Realwired Appraisal Management Blog

DECEMBER 27, 2023

In 2024, a few national appraisal firms are planning for extensive […] Some Chief Appraisers have changed their engagement letters to mandate reports to disclose AI-generated content. That makes sense since AI hallucinations are hard to spot. Especially since AI confidently states things that are otherwise fantasy.

National 103

National Report 103

American Banker

NOVEMBER 8, 2023

The National Credit Union Administration approved the Young Community Federal Credit Union to begin operations in Kentucky soon. An organization in Maryland is shooting for a 2024 opening.

Maryland 81

Maryland Kentucky Groups Community 81

The Paypers

MARCH 29, 2024

Samsung Pay , a South Korea-based payment service, has announced its decision to stop working with Russia’s national Mir payment cards starting April 3 2024.

Samsung 45

Samsung National Cards Payments 45

The Financial Brand

DECEMBER 13, 2023

This article Ready to Jump into BNPL in 2024? A guide written for national banks should be required reading for any banking institution that wants to venture into buy now, pay later. This article Ready to Jump into BNPL in 2024? Read this 360-Degree Analysis from OCC appeared first on The Financial Brand.

Analysis 19

Analysis Branding National Compliance 19

South State Correspondent

JANUARY 16, 2024

Bloomberg recently announced that it will shut down its BSBY index on November 15, 2024. We believe that our program offers an advantage against the national banks. The reason for the cessation of BSBY is simple – lack of use. If you only sell a few loan hedges yearly, are the startup and maintenance costs worth it?

Community Bank 195

Community Bank Community Compliance CA 195

Perficient

DECEMBER 27, 2023

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

Compliance 221

Compliance FDIC Regulation Fraud 221

South State Correspondent

MAY 18, 2022

In two recent articles, we reviewed the banking industry’s deposit behavior with regard to cost of funding earning assets (COF) ( HERE ), and we compared how community banks’ COF behaves relative to national banks in a rising interest rate cycle ( HERE ).

Community Bank 195

Community Bank Community Analysis Industry 195

South State Correspondent

NOVEMBER 29, 2023

One of the lessons that was driven home at the recent American Banker Small Business Banking Conference in Nashville was the difference in marketing between large national banks and community banks, particularly deposit marketing. There is a reason for this.

Marketing 195

Marketing Regional National Nashville 195

Abrigo

FEBRUARY 9, 2024

You might also like this on-demand webinar, "AML/CFT hot topics for 2024: What to expect for financial crime." residential real estate sector but safeguarding our economic and national security.” Know the red flags for money laundering. Here is what you need to know. billion laundered between 2015 and 2020 through the U.S.

Training 195

Training Fraud Trends Report 195

The Paypers

DECEMBER 5, 2022

The National Payments Corporation of India ( NPCI ) has decided to delay the enforcement of a payment market share cap on UPI until 31 December 2024.

Marketing 36

Marketing National Payments 36

PYMNTS

OCTOBER 6, 2020

billion people – will likely be using online and mobile banking services by 2024. Add in generational preferences for digital products, as well as the stricter regulatory requirements and oversight that national banks face, and it becomes clear that the effort to refresh big, old banks will be no easy task.

Digital Banking 256

Digital Banking ATM Mobile Atlanta 256

PYMNTS

JULY 2, 2020

The federal agency that provides budget and economic information to Congress predicted as the nation tries to rebound from the worst devastation since World War II, the economy will grow during the third quarter, July through September. percent for the rest of this year and not reach 2 percent until 2024. million jobs from May to June.

Atlanta 141

Atlanta National Analytics Analysis 141

PYMNTS

JANUARY 3, 2019

At least some cryptocurrencies are becoming national in scope, which may spur blockchain adoption. This, said the Review , will be the way that blockchain becomes normal. For instance, the Review noted, Venezuela has introduced a crypto backed by oil production.

blockchain 195

blockchain cryptocurrency Security Report 195

PYMNTS

AUGUST 14, 2020

Notably, China – through the efforts of its central bank – has been developing and testing the rollout of a national digital currency. Back in May, 80 percent of 66 central banks queried by the Bank of International Settlements (BIS) said they were working on CBDCs. And even before the BIS findings, in March, members of U.S.

San Francisco 283

San Francisco Boston Policies Massachusetts 283

PYMNTS

DECEMBER 16, 2019

Anticipated growth in India’s cold-chain market is expected to be an estimated $37 billion by 2024, according to industry projections, the report said. It has raised $33 million to date sources all of its food directly from 1,500 fishermen and farmers across the nation, using an app to negotiate with its suppliers.

Industry 131

Industry National Capital Branding 131

TheGuardian

JANUARY 26, 2022

The National Audit Office last December warned it had “limited verification, and no credit checks on borrowers, which made it vulnerable to fraud and losses”. Lord Agnew thinks doing so would give Mr Sunak a “sporting chance of cutting income tax before a likely May 2024 election”. His departure should be a wake-up call.

Fraud 73

Fraud National Taxes Company 73

South State Correspondent

SEPTEMBER 20, 2023

We have also included the IBIS World 2024 risk ratings to provide some context for the credit and operating risk of the counterparty. National and regional banks control 70% of the cash management market, yet most cash management customers choose their bank because of service.

Management 195

Management Survey Industry Community Bank 195

PYMNTS

JULY 6, 2020

But returning to 2019 travel numbers will take years, an airline executive told National Public Radio. Passenger demand at Gatwick, London’s second largest airport, could remain depressed until 2024 as the travel sector continues to deal with the fallout of the pandemic. Last month, U.S.

National 139

National Strategy Data Report 139

PYMNTS

SEPTEMBER 4, 2020

People are now discovering small towns, small communities, they’re discovering national parks, falling in love with the outdoors, and realizing they can go to all sorts of other places. The genie is out of the bottle,” Chesky told Bloomberg. This is an irreversible trend.”.

Course 215

Course Community National Trends 215

PYMNTS

OCTOBER 18, 2020

The Instant Payments Solution platform from SIBS, launched in 2018 to ensure instant payments processing at a national level, is now also providing these operations between European financial institutions. In the U.S.,

Payments 167

Payments Boston System Survey 167

BankUnderground

FEBRUARY 14, 2024

How to match wage data to the CPI Most wage data, including the Average Weekly Earnings (AWE) published by the Office for National Statistics (ONS), is weighted by employment. This used National Accounts data on labour costs and productivity, so is slightly different to the measure in this blog, but done for the same reasons.

National 81

National Industry Policies Data 81

Jeff For Banks

DECEMBER 16, 2023

The most recent Fed dot plot predicts Fed Funds declining in 2024. When the national and super regional banks began raising rates they were reluctant to follow – until it was too late. I'm actually surprised so few (44%) consider themselves negatively gapped right now. Declining rates are far more likely than rising rates.

NJ 116

NJ Groups Regional Course 116

PYMNTS

NOVEMBER 18, 2020

Delivering funds smoothly to employees in different nations is therefore essential, and it may require firms to migrate from paper checks to digital tools, especially those that suit the needs of employees who do not have bank accounts. Find more about these and all the rest of the latest headlines in the Tracker ®.

Mobile 220

Mobile Payments Cards Retail 220

American Banker

APRIL 10, 2024

Here's how he got there, and what it'll look like when he tries to bring his anti-ESG policies national. West Virginia Treasurer Riley Moore, who's put banks on a blacklist for their support of ESG policies, is up for (and very likely to win) one of the state's two seats in the U.S.

West Virginia 56

West Virginia Virginia Policies National 56