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Lawmakers Eye Alternatives To Renter Security Deposits

PYMNTS

Lawmakers across multiple states are considering legislation to reconfigure the often burdensome security deposit structure that adversely affects renters of less financial means, according to the Wall Street Journal. As many as one fourth of all renters in the United States devote 50% or more of their monthly expenses to rent. Sittenfeld. “To

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US Patents Hit All-Time High In 2019

PYMNTS

Almost 50 percent of IBM’s 2019 patents related to “hot-button technologies such as artificial intelligence (AI), cloud computing, security, blockchain and quantum computing.”. Apple leads the wearables market, shipping 46.2 “China showed the most growth [by country], moving up to a 5 percent share of U.S.

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Affinity Federal Credit Union On The Importance Of Accelerating Digital Transformations

PYMNTS

The CU, which has 20 branch locations within the tri-state area that includes New York and Connecticut, has upgraded its automated services to incorporate integrated cloud-based technologies and environments that involve artificial intelligence (AI). Embarking On A Digital Transformation. Prioritizing Upgrades.

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New Bank TNB USA Sues The Fed

PYMNTS

based in Connecticut, is suing the Fed for its inaction on an application to open an interest-bearing account at the New York Fed. Connecticut has granted temporary authorization for TNB to operate as a bank, but it will not provide retail banking services or loans, reports noted. percent.

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Facebook Negotiates Sandberg DC Hearing Testimony

PYMNTS

With questions surrounding Facebook ’s market power and its plans for the Libra digital currency, the social media company is reportedly negotiating with an important congressional committee for COO Sheryl Sandberg to testify as early as October. And, another legislator, Sen.

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Data privacy: How to keep customer data safe

Independent Banker

But as the prevalence of security breaches grows, so do the opportunities for community banks to position themselves as guardians of their customers’ personal data through compliance, technology and relationship building. Data privacy and security is a hot topic and is only getting hotter. By Katie Kuehner-Hebert. Bob Hickok.

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Growing a mortgage portfolio: Encourage borrowers to bank local

Abrigo

• Hartford, Connecticut – United Bank ($1.19 Leveraging the go local movement to boost a bank’s lending portfolio may be as simple as targeted marketing. • Denver, Colorado – Colorado Federal Savings Bank ($558 million). • Detroit, Michigan – Flagstar Bank ($4.65 banks and credit unions.

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