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US Economy Looks Grim, Philly Fed Study Finds

PYMNTS

“Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month,” researchers wrote, noting that the survey’s indexes for general activity, new orders and more “all fell sharply and into negative territory this month, coinciding with developments related to the coronavirus.”.

Study 100
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Firms Saw New Orders Plummet To Record Low As US Economy Staggers From Virus

PYMNTS

“Nonmanufacturing firms reported a significant weakening in regional nonmanufacturing activity this month,” researchers wrote, noting that the survey’s indexes for general activity, new orders and more “all fell sharply and into negative territory this month, coinciding with developments related to the coronavirus.”.

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JPMorgan Bucks The Trend, To Open 50 New Branches In Philadelphia

PYMNTS

CNBC, citing an interview JPMorgan Chase Chief Executive Jamie Dimon had with Jim Cramer on Squawk Alley, reported the company is gearing up to open 50 new branches in Philadelphia, Delaware and southern New Jersey during the course of the next five years. in an effort to strengthen its retail business. JPMorgan is the largest U.S.

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The Acela Primary Underway In States Where Businesses Are Struggling

PYMNTS

Through the PYMNTS/CAN Capital Store Front Business Index , we’ve been tracking the data on business health and growth in each state and then stacking those results against the regional and national picture. at large or the region. percent and regionally as a benchmark at 2.3 percent and regionally as a benchmark at 2.3

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U.S. Bank: Machine Learning Is Banks’ Best Bet Against Fraud

PYMNTS

Banks in other regions are also dealing with data breaches of their own, such as U.K. Delaware-based bank M&T Bank has just created an all in one money management dashboard, which allows customers to add competing products through their mobile apps or online dashboards. digital bank Monzo. market debut. market debut.

Fraud 196
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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

Many of the issues which the OCC will be focusing on ring true for all banks regardless of regulator and region. The OCC on Oct. • Traditional control processes (such as audit, loan review, internal controls and due diligence).

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Imposter Scams Top FTC’s List of 2018 Consumer Complaints

CFPB Monitor

Florida, Georgia, Nevada, Delaware, and Tennessee had the highest fraud reports per capita. In contrast to the general population, however, debt collection reports account for only about 5% of the total reports by military consumers. Additionally, the Data Book provides state-by-state breakdowns and comparisons.

Nevada 74