Wed.Nov 23, 2022

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Fiserv adopts new executive severance policy

Payments Dive

The payments company’s board adopted the executive severance policy this week even though it opposed a similar shareholder proposal in May.

Policies 195
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Major funds exposed to companies allegedly engaged in Uyghur repression in China

TheGuardian

Report finds stock indexes provided by MSCI include companies using forced labour or constructing surveillance state in Xinjiang Many of the world’s largest asset managers and state pension funds are passively investing in companies that have allegedly engaged in the repression of Uyghur Muslims in China, according to a new report. The report, by UK-based group Hong Kong Watch and the Helena Kennedy Centre for International Justice at Sheffield Hallam University, found that three major stock ind

Company 97
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Transactions: American Express, Square partner on credit card

BankInovation

American Express and digital payment platform Square are teaming up to launch a credit card for Square merchants on the AmEx network. The expanded partnership will better support small businesses by organizing expenses and managing cash flow, according to a release. “Our brands will offer a credit-card product specifically designed for Square sellers, backed by […].

Cards 98
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CFPB expands consumer complaint access to local governments

CFPB Monitor

In a recent blog post , the CFPB announced that it has started sharing consumer complaint data with local governments through its Government Portal. The Government Portal gives local, state, and federal government agencies access to more granular information about consumers’ complaints and companies’ responses than the public is able to view through the CFPB’s public-facing Consumer Complaint Database.

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5 Things Lenders Need to Know About Portfolio Loans & Their Documentation

Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.

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Simmons Bank leverages ID verification solution

BankInovation

One of the first banks to leverage a new secure ID validation process for digital account opening from core provider Jack Henry and AI-powered identity verification platform IDScan.net is $27 billion Simmons Bank. The partnership on Jack Henry’s OpenAnywhereTM platform aims to deliver a frictionless mobile onboarding experience for Jack Henry clients, with ID scanning […].

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From Our Dinner Table to Yours, Happy Thanksgiving!

Image Works Direct

From turkey to turnkey, the holidays are what you make them. However you spend your Thanksgiving, we hope you know how appreciated you are. At image.works, we are grateful for our loyal clients. Here, you always have a place at our table! If you’re looking for turnkey marketing solutions for the new year, we’re here… but not on the following days.

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This week’s podcast episode: Mortgage redlining: a look at ongoing challenges for banks and non-banks, with special guest Abby Hogan, regulatory attorney and former analyst in the Office of Fair Lending and Equal Opportunity, Consumer Financial Protection Bureau

CFPB Monitor

We first review the origins of mortgage redlining and discuss the concept of reverse redlining and new theories of redlining. We then look at a wide range of topics including: the application of redlining enforcement to non-banks; the use of the Equal Credit Opportunity Act and Fair Housing Act to challenge redlining; activity at state level targeting redlining; the types of evidence regulators will look for when examining for redlining or bringing an enforcement action; potential penalties for

Groups 78
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Credit Union Executives Society CEO John Pembroke dies

American Banker

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CFPB highlights accuracy problems in two reports on tenant background screening reports

CFPB Monitor

The CFPB recently released two reports concerning tenant background checks. One report, “ Consumer Snapshot: Tenant Background Checks ,” discusses consumer complaints received by the CFPB that relate to tenant screening by landlords. The other report, “ Tenant Background Checks Market ,” looks at the practices of the tenant screening industry. Consumer Snapshot.

Report 78
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Top 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Sikorsky Financial Credit Union to merge with small Connecticut peer

American Banker

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Department of Education and Federal Student Aid Seeking Whistleblowers to Report Potential Violations by Institutions of Higher Education

CFPB Monitor

Having stood up and promoted the whistleblower program at the CFPB , it appears that Richard Cordray may now be taking similar steps at Federal Student Aid (“FSA”). On November 10, the Department of Education (“ED”) and FSA issued a bulletin inviting whistleblowers to provide information about potential violations of the Higher Education Act (“HEA”) and its implementing regulations.

Report 78
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Latest global banking news

American Banker

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Banks, fintechs both want more transparency for Fed master accounts

American Banker

Fintech 80
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Breaking New Ground: Managing Innovation Fatigue With Effective Automation

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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ESG in its DNA: Berkshire Hills CEO on investing in the underbanked

American Banker

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Banks, payment companies invite more techies to their labs

American Banker

Company 50
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Most Fed officials saw slower pace of hikes 'soon' as appropriate

American Banker

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LGBTQ neobank wants to help its members navigate family planning

American Banker

Fintech 48
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Case Study: First Mid Bank Fast-Tracks New Market Entry in Commercial Lending

Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.

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Latest banking news

American Banker

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Goldman Sachs to pay $4 million SEC penalty in ESG fund case

American Banker

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Placing blame for inflation and a likely recession

American Banker

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Data shortcomings at Citigroup flagged in Fed, FDIC resolution plan review

American Banker

FDIC 48
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Exploring the Liability Shift: A Comprehensive Guide to Fraud Loss Responsibility and Mitigation

Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra

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Warren, Whitehouse ask DOJ to hold Bankman-Fried accountable for FTX collapse

American Banker

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CFPB, FTC defend service members' right to sue under Military Lending Act

American Banker

Lending 37
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Holiday fraud is ramping up. So are banks' efforts to thwart it.

American Banker

Fraud 37