Gonzobanker

JANUARY 4, 2022

In 2022, community banks and credit unions will have to revisit and overhaul their overdraft policies and strategies. According to Terence Roche, partner at consulting firm Cornerstone Advisors , community-based financial institutions could: “Lower their NSF fee to the $5 to $7 range and market it as a convenience fee.

Trends 190

Trends Fintech social media Strategy 190

Gonzobanker

DECEMBER 14, 2023

Not the financial industry’s “Troublemakers ” – those regional and community banks, credit unions and supporting fintech entrepreneurs who continue to engage customers and communities and find niches that keep the grassroots of our country’s financial system alive and kicking. The Bank Regulator Working for Merchants Award!

Fintech 195

Fintech Community Regional Technology 195

South State Correspondent

JULY 25, 2022

We have poured through the recent 2Q earnings releases, spoken with a rash of institutional bank investors, traded thoughts with analysts, and compiled the following list of concerns that bank stakeholders (employees, shareholders, vendors, and regulators) now have. Regulation: What are your regulators concerned about?

Trends 195

Trends Lending Marketing Capital 195

PYMNTS

JUNE 1, 2020

He said community banks and credit unions (CUs) have tended be on the trailing edge when it comes to digital. With the new regulations, what needs to be considered is that most organizations don’t even know what data exists in their organization,” said Hajimusa. So, there is a balance that needs to be struck.”.

Payments 172

Payments Fraud Security Technology 172

Gonzobanker

DECEMBER 19, 2022

Financial institutions that relied on mortgage banking fee income as a key earnings component have been left to make big adjustments. As if that wasn’t enough, regulators took a sledgehammer to debit fee income with Reg II changes that will begin reducing card-not-present interchange fees starting in July 2023. Goes to CSI.

Community 216

Community Fintech Industry Innovation 216

PYMNTS

DECEMBER 13, 2017

The company provides businesses with a way to use digital currencies without running afoul of regulations. The commentary reflects the surging value of cryptocurrencies and how eager investors are to take part in the industry. Here are the numbers: $42.5 million | Amount of VC Series B funding announced by U.S.-based

Bitcoin 123

Bitcoin cryptocurrency Data Community Bank 123

PYMNTS

JANUARY 15, 2021

As noted in this space earlier in the month, the Office of the Comptroller of the Currency (OCC) said that banks can utilize stablecoins in transactions, among other banking activities. But if the road to stablecoins is getting clearer, don’t expect rush-hour traffic on that road yet, cautioned Allaire. Still In Learning Mode . “A

Regulation 253

Regulation US Payments Compliance 253

CB Insights

FEBRUARY 20, 2020

This “rebundling” trend is seeing heavy concentration around bank accounts, especially as regulations like Open Banking have made it easier to launch bank accounts. Moreover, bank accounts are a stickier product than lending, which clients typically only need at a specific point in time (not continuously).

Fintech 80

Fintech US Lending Cards 80

PYMNTS

DECEMBER 14, 2017

It’s been a newsworthy week for bitcoin, with agencies around the world concerned with a potential bubble involved in cryptocurrency. 214 | The number of banks surveyed in the PYMNTS Bank Innovation Readiness Index, in collaboration with payments solutions provider i2c. Here are the numbers: 1.6

Bitcoin 122

Bitcoin Data Compliance Survey 122

PYMNTS

FEBRUARY 26, 2018

In fact, noted the publication, no major new financial regulations – the kind that would impose restrictions – have come to vote or even, really, been on the table since Trump took office last January. From the Treasury Department on down, that has lightened day-to-day regulatory scrutiny of banks. SEC Eyes Crypto Exchange Activities.

Regulation 101

Regulation Bitcoin Innovation Fintech 101

PYMNTS

APRIL 11, 2019

The Trump administration has promised — and, in some cases, has been executing on promises — to roll back at least some of the regulations contained in the Dodd-Frank tenets that took shape a decade ago. Goldman’s Solomon said that direct lending from non-banking firms is not scrutinized, and is obscured, while not yet posing a systemic risk.

Lending 158

Lending America cryptocurrency System 158

PYMNTS

APRIL 11, 2019

The Trump administration has promised — and, in some cases, has been executing on promises — to roll back at least some of the regulations contained in the Dodd-Frank tenets that took shape a decade ago. Goldman’s Solomon said that direct lending from non-banking firms is not scrutinized, and is obscured, while not yet posing a systemic risk.

Lending 100

Lending America System CA 100