Remove Cards Remove Lending Remove National Remove Taxes
article thumbnail

Fed Finds Biz Lending Swell Continues, But There’s A Downside

PYMNTS

Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.

Lending 100
article thumbnail

Understanding 1st-party fraud: Risks and resolutions

Abrigo

Recognizing the gravity of the situation, the Financial Crimes Enforcement Network (FinCEN) identified fraud as a national priority. 1st-party debit or credit card fraud : Card fraud causes financial institutions significant monetary losses. It's no longer a discretionary measure but an imperative one.

Fraud 195
Insiders

Sign Up for our Newsletter

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

article thumbnail

SMBs Enter 2019’s Final Quarter With Plate Full Of Concerns

PYMNTS

The latest data also hints at the possibility banks may be feeling skittish about lending to small and medium-sized business (SMB) customers. Although hiring slowed in September, small businesses continue to remain optimistic and have even reported some significant benefits resulting from late-2017’s tax reform. 76 percent of U.S.

Survey 134
article thumbnail

Changes to the Military Lending Act: What your institution needs to know

ZootBlog

In July 2015, the Department of Defense (DoD) passed major changes to the Military Lending Act (MLA) with target compliance dates of October 3, 2015 and October 3, 2017. The 2017 date applies only to credit cards. The MLA’s overall goal is to prevent predatory lending against U.S.

Lending 60
article thumbnail

Visa, Mastercard Cut Canadian Interchange Fees

PYMNTS

Visa and Mastercard have agreed to cut Canadian credit card transaction fees, which could save smaller businesses (SMBs) C$250 million ($192 million) a year. percent on cards, according to Canada’s finance department. When small and medium-sized businesses accept credit card payments, they must pay a fee.

Cards 107
article thumbnail

Are Employers The Low-Dollar Lenders Of The Future?

PYMNTS

As the controversy around payday lending continues to swirl and questions about how and if low-dollar loans can be offered to low-income workers in a fair and low-cost manner are brought up more and more, a new potential source of such funds has started striding onto the field. The move comes as the American worker is facing leveled-up debt.

New York 100
article thumbnail

US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

The National Association of Realtors reported that sales of previously owned homes declined 2.4% Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards.

Trends 52