Remove Community Remove FDIC Remove New Jersey Remove Retail
article thumbnail

ATMIA Weighs In On Cashless Retail Ban Debate

PYMNTS

Amazon, of course, stands out as a marquee name in the move to make the retail experience wholly digital commerce. As had been reported late last month, in New York City, the city council held a hearing centered on a bill that would ban stores and restaurants from being able to refuse to accept cash. The Case Against Cash.

Retail 129
article thumbnail

Popular Bank announces changes to overdraft practices, eliminating returned non-sufficient funds fees?

PopularBank

The changes, effective October 2022, will also include an increased balance threshold to avoid overdraft fees and will apply to retail and commercial customers. The changes, effective October 2022, will apply to the bank’s retail and commercial customers. Popular Bank , a subsidiary of Popular, Inc.

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Time of Reckoning for Your Bank's Core Deposits?

Jeff For Banks

So worries New Jersey Banker's Association CEO John McWeeney since state-owned bank advocate Phil Murphy was elected governor. The state's municipal deposits approximate $20 billion , $13 billion of which are in community banks. I got news for you John. FDIC insured. Bye-bye municipal deposits. By default.

FDIC 60
article thumbnail

Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

//Jeff Marsico remarks to the 2023 New Jersey Bankers' Association Annual Convention: May 19, 2023// Four decades ago, the prolonged savings-and-loan crisis devastated the industry. Although community banks did not lend to sub-prime borrowers in any meaningful way, did we participate? trillion failed.

FDIC 78