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Nationwide Says Business Banking Plans No Longer Viable

PYMNTS

British lender Nationwide Building Society has curbed its plan to begin a business banking venture, saying the coronavirus has made that field nonviable for the time being. Now, because of backing off from that plan, Nationwide will be out around 70 million pounds that it had invested into the concept.

Metro 159
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Mastercard, Nationwide Partner To Serve Britain’s Small Businesses 

PYMNTS

million small businesses is being launched by a new Mastercard and Nationwide partnership. . Nationwide is gearing up for the introduction of its business accounts, while Mastercard is planning to roll out debit cards to customers early next year, the companies announced in a joint press release. .

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Court puts CFPB small-business data collection rule on hold nationwide

American Banker

A federal court extended an injunction that halts the Consumer Financial Protection Bureau's rule until the Supreme Court rules on the bureau's constitutionality.

Data 80
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Nationwide invests in business management platform BankiFi

The Paypers

(The Paypers) UK-based cooperative financial institution Nationwide has announced it is investing in business banking technology provider BankiFi.

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Texas federal district court issues preliminary injunction enjoining CFPB from implementing and enforcing small business lending rule on nationwide basis against all covered entities

CFPB Monitor

The Texas federal district court hearing the lawsuit challenging the validity of the CFPB’s final rule implementing Section 1071 of the Dodd-Frank Act (Rule) has issued an order that preliminarily enjoins the CFPB from implementing and enforcing the Rule on a nationwide basis against all entities covered by the Rule.

Texas 146
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Banks retool customer service in the scramble for PPP loans 

Bank Innovation

Banks are feeling the pressure of small businesses nationwide applying for Paycheck Protection Program loans.

Retail 370
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Nationwide abandons move into business banking

The Paypers

Nationwide , a UK-based mutual financial institution, has abandoned a move into business banking due to the impact of coronavirus.

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