Thu.Dec 29, 2022

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Ninth Circuit panel follows circuit precedent on TCPA autodialer definition but concurring judge takes issue with precedent

CFPB Monitor

A Ninth Circuit panel affirmed the district court’s dismissal with prejudice of a class action complaint in which the plaintiff alleged that Meta Platforms, Inc. (Meta) violated the Telephone Consumer Protection Act (TCPA) by sending unsolicited “Birthday Announcement” text messages.

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Wells Fargo Executive Predicts if Traditional Banks Are the Platform Providers of the Future and What It Would Take to Get There

Banking Exchange

In 2023, Wells Fargo posits that the banking as a platform (BaaP) model will cement its towering stance across the industry Feature Financial Trends Lines of Business Feature3 Retail Banking Community Banking.

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This week’s podcast episode: A look at the Federal Trade Commission’s proposed rule for auto dealers from the perspective of auto dealers and auto finance companies, with special guests Paul Metrey, Senior Vice President for Regulatory Affairs, National Automobile Dealers Association (NADA), and Richard Hackett, Regulatory Compliance Consultant and former Assistant Director, Consumer Financial Protection Bureau

CFPB Monitor

The FTC’s proposal would impose a number of new substantive and disclosure requirements on auto dealers in connection with the car buying or leasing process. We first discuss NADA’s comment letter to the FTC on the proposal, including NADA’s concerns.

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How VC Investments in Fintechs Are Ushering in a New Era of Finance

Banking Exchange

The world of fintech is constantly and rapidly evolving The Economy Technology Financial Trends Feature3 Fintech Feature Financial Research Lines of Business Retail Banking.

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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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Proposed rule continues FDIC focus on use and misuse of FDIC name and logo; CFPB Director Chopra applauds

CFPB Monitor

On December 13, 2022, the FDIC issued a request for comment on a proposal to modernize the regulations governing use of the FDIC’s official signage and advertising of FDIC-insured status by insured depository institutions (IDIs), and to clarify regulations issued.

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Listen: Top 3 Bank Automation News podcasts of 2022

BankInovation

Open banking, augmenting the customer experience (CX), and AI were key themes across Bank Automation News’ most popular “The Buzz” podcast episodes in 2022. Listen as the BAN editorial team talks through the issues that will continue to impact the financial services industry in the year ahead. The three most played podcasts of the year: […].

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5 ways challenger banks add value beyond digital banking

American Banker

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Kenya’s Top Banks in 2022

Bankelele

Kenya’s top banks in 2022 and some that made news headlines.

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Credit-quality pitfalls that bankers should watch in 2023

American Banker

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The State of Automation in Financial Services 2024 Report

In this report, you’ll find a comprehensive analysis of survey responses from executives at banks, credit unions, and insurance companies concerning their organization’s current and future use of automation. The report’s key insights include: Which types of automation are saving organizations the most time and money How to overcome the biggest barriers to automation implementation and adoption Why automation investments will continue to grow over the next few years How much you could save in 202

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Kenya’s Top Banks in 2022

Bankelele

Kenya's top banks in 2022 and some that made news headlines.

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2022: The year Custodia took on the Fed

American Banker

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Strategy Requires Leadership and Consistency

Alex Jimenez

This blog was originally published in LinkedIn on December 22, 2022. This time of year, always reminds me of the many long days earlier in my career between October and December, working on the annual strategic meetings. As a member of a corporate strategy team, we all put long hours getting all the strategic plans together, presenting them, and finally getting agreement.

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The year in investment banking: 2022

American Banker

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Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance

Commercial lending is on the verge of a resurgence, but traditional processes are an obstacle. Explore the top 3 reasons for resistance to digital transformation and how overcoming them can pave the way for growth and efficiency. Discover why embracing automation and digital solutions is crucial for success in today's competitive landscape. Discover how GoDocs helps commercial lenders in the digital era with seamless integration and a borrower-focused approach.

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US Virgin Islands suing JPMorgan Chase over Jeffrey Epstein’s sex trafficking

TheGuardian

Documents accuse bank of ‘turning a blind eye’ to illegal activities committed by their client The US Virgin Islands is suing the bank JPMorgan Chase, accusing it of helping Jeffrey Epstein’s sex trafficking of women and girls, according to a lawsuit filed in federal court in New York. The documents submitted by the US Virgin Islands’ (USVI) attorney general accuse JPMorgan of “turning a blind eye” to illegal activities committed by Epstein – a client of the bank – on his private island, Little

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Adyen's strategy for B2B lending: Stay behind the scenes

American Banker

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Credit union's 'income passport' helps 1099 workers apply for credit

American Banker

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Crypto trader's fraud charges show DeFi isn't outside the law

American Banker

Fraud 59
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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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JPMorgan to extend Ukrainian refugee program into 2023

American Banker

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The five largest bank M&A deals that were called off in 2022

American Banker

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Mortgage rates rise for first time in nearly two months

American Banker

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BofA capital markets co-chief Bilgi Zapparoli sees end to easy money

American Banker

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Top 10 Benefits of Automating Loan Modifications for Commercial Lenders

Get ready for the wave of $1.2 trillion in commercial debt maturing in the next 24 months with GoDocs' ModDocs® platform. Traditional loan modifications are slow, expensive, and prone to errors, which put lenders at risk. But with ModDocs®, you can enjoy an innovative solution that eliminates attorney fees, allows on-the-fly loan modifications, and ensures compliance.

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Goldman CEO Solomon says job cuts are coming next month

American Banker

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Biden's up-and-down year for regulatory appointments

American Banker