Remove ATM Remove Lending Remove Management Remove Taxes
article thumbnail

Data Dive: The Yes, No, Gotcha! Edition

PYMNTS

Credit Karma said yes to early tax refunds for consumers – for free. Good Tax Lending Karma. Good news for consumers avidly awaiting their tax refund for 2018: Credit Karma Tax is rolling out a new product call Earlybird Advance, an online refund advance service. And that was just Tuesday.

Taxes 105
article thumbnail

Wild Cards? Gambling, Payroll, Other Models Provide Fresh Fuel For Prepaid

PYMNTS

The real trick is to tie engaging consumer experiences to those cards, which is critical, as prepaid and reloadable cards continue to evolve — moving from plastic cards to mobile accounts that can adapt to an expanding portfolio of use cases, including payroll, online gambling or even consumer and business lending.

Cards 158
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells’ Woes, Stripe’s Acquisition And North Korea’s New Hacking Groove

PYMNTS

We have a huge responsibility and fell short of our ideals for managing and providing oversight of the third-party vendor and our own operations,” Franklin R. Codel, head of consumer lending at Wells Fargo, said in an interview. “We North Korea’s For-Profit Hacking.

Taxes 100
article thumbnail

How to Conduct an Exam-Proof BSA/AML Risk Assessment

Abrigo

Inherent risk is any activity or factor posed to the financial institution, notwithstanding applying any management or risk mitigation tools. After adjusting the inherent risk for the institution’s risk management controls, residual risk represents the bank or credit union’s current risk. Lending & Credit Risk. Fraud Trends.

How To 195
article thumbnail

Payment Products – 14 Ways Banks Will Make Money

South State Correspondent

It will become a minimum expectation for both consumers and businesses, like how the ATM and remote deposit capture evolved. Banks underwrote credit and largely held an amount they would lend a consumer or business fixed until the next review – usually for a year. In the past, credit was static. Every customer will have A.I.-informed

Payments 195
article thumbnail

A Decline in Personal Savings

TrustBank

The BEA calculates the personal saving rate by subtracting taxes from personal income to arrive at “disposable personal income” and then subtracts personal outlays. Adding to the observation is the fact that from roughly 2001-2006, a devastating housing price bubble formed due to lax lending standards.

US 52
article thumbnail

The Final CFPB Prepaid Card Rule Is Here (Expect Controversy)

PYMNTS

as one of their primary tools of financial management — since prepaid cards can be used in ways essentially analogous to debit cards for payments, funds storage, cash-outs at ATMs or receipt of salary. The cards are largely associated with the 10 million or so unbanked families in the U.S.

Cards 189