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Saving Main Street: Advocacy Groups Propose New Government Relief Programs

PYMNTS

Most small businesses don’t have a lending relationship with a bank. In comparison, small businesses selling similar products were forced to close. Writing in Barrons , RSM chief economist Joseph Brusuelas is recommending a Main Street lending facility that would include a $250 billion Congressional backstop combined with $1.25

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Using Machine Learning For Deposit Tiering

South State Correspondent

A bank can modify its tiers all it wants, but that effort pales in comparison to making sure you are driving the right product mix or having competitive products. Over time, as customers use more products or learn more about the bank’s brand, rate promotions can decrease, thereby “training” them to be less interest rate sensitive.

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New Sponsor: National Funding Makes a Push to Help More U.S. Small Businesses

Fintech Labs Insights

A new lender debuts at FintechLabs this month: National Funding. We are excited to be working with an established brand founded almost a quarter-century ago. And most importantly, National Funding’s stellar reputation as demonstrated by its 4.8 It has originated more than $4.5 TrustPilot score.

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Trust And Speed Light A New Path To Omnichannel Retail

PYMNTS

The webinar featured Karen Webster from PYMNTS and Amy Parsons, senior vice president of global acceptance at Discover Financial Services and its payments brand, Discover Global Network. By comparison, 32 percent of Gen Z, 35 percent of millennials and 22 percent of Gen X consumers buy online from the same store. Trust Issues.

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CFPB holds field hearing on proposed rules for prepaid accounts

CFPB Monitor

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

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Banking's Total Return Top 5: 2014 Edition

Jeff For Banks

For comparison purposes, here are last year''s top five , as measured as of December, 2013: #1. The lion''s share of their growth, profitability, and capital have come since their re-branding to Open Bank in 2010. This, naturally, eliminated many of the smaller, illiquid FIs. BofI Holdings, Inc. #2. Marlin Business Services Corp. #3.

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The Massive Opportunity For Insurance Tech In Indonesia

CB Insights

orders, or a daily average of 700,000 orders, in Q3’18, and reached 12M orders on Indonesia’s National Online Shopping Day in December. Two that are already seeing lots of activity are payments and lending. Meanwhile, alternative lending is also seeing strong growth, with P2P fintech platforms distributing $1.4B