Wed.Nov 23, 2022

Fiserv adopts new executive severance policy

Payments Dive

The payments company’s board adopted the executive severance policy this week even though it opposed a similar shareholder proposal in May

Stablecoin News for the week ending Wednesday 23rd November.

Daily Fintech

Here is our pick of the 3 most important stablecoin stories during the week. Stablecoins are the Canary in the Crypto coal mine! This week we continue to see the shakeout from the FTX implosion and stablecoins point to it continuing for some time yet.

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Trending Sources

Transactions: American Express, Square partner on credit card

BankInovation

American Express and digital payment platform Square are teaming up to launch a credit card for Square merchants on the AmEx network. The expanded partnership will better support small businesses by organizing expenses and managing cash flow, according to a release. “Our

Credit Union Executives Society CEO John Pembroke dies

American Banker

Credit unions Industry News CUSOs Obituaries

What Lenders Need To Know: Increase of Standardized Loan Rejections

As the CRE market continues to tighten, the rejection of substandard loan documentation is on the rise. Don’t put your loans at risk. Check out the Infographic.

Major funds exposed to companies allegedly engaged in Uyghur repression in China

TheGuardian

Report finds stock indexes provided by MSCI include companies using forced labour or constructing surveillance state in Xinjiang Many of the world’s largest asset managers and state pension funds are passively investing in companies that have allegedly engaged in the repression of Uyghur Muslims in China, according to a new report.

More Trending

EU probes TikTok’s data practices with multiple investigations

Dataconomy

TikTok data practices on EU citizens and ads catering to kids are under investigation by the European Union. Allegations include that the social media giant sent European users’ data to China.

Latest global banking news

American Banker

Payments

The role of intelligent data in driving supply chain efficacy

Dataconomy

As supply chains in the US and around the world remain tumultuous, facing pandemic closures and labor shortages, supply chain professionals are turning to data to stay ahead.

Data 60

ESG in its DNA: Berkshire Hills CEO on investing in the underbanked

American Banker

ESG Community banking

Digitally Transforming the Engagement Experience for Financial Institutions

Customer experience has become a key differentiator. Learn how to launch your digital transformation by incorporating two customer experience trends into your digital transformation strategy: self-service & personalization.

CFPB expands consumer complaint access to local governments

CFPB Monitor

In a recent blog post , the CFPB announced that it has started sharing consumer complaint data with local governments through its Government Portal.

Simmons Bank leverages ID verification solution

BankInovation

One of the first banks to leverage a new secure ID validation process for digital account opening from core provider Jack Henry and AI-powered identity verification platform IDScan.net is $27 billion Simmons Bank.

The New York Department of Financial Services Requests Information Regarding Private Student Loan Refinancing

CFPB Monitor

On December 22, 2021, New York State Senate Bill 2767A was signed into law.

Banks, fintechs both want more transparency for Fed master accounts

American Banker

Federal Reserve Regulation and compliance Politics and policy

The Lender's Guide to Automating Complex Loans

Providing commercial lenders with key insights into how commercial lenders can automate small-balance, mid-market, and large-cap loan documentation with advanced technology.

This week’s podcast episode: Mortgage redlining: a look at ongoing challenges for banks and non-banks, with special guest Abby Hogan, regulatory attorney and former analyst in the Office of Fair Lending and Equal Opportunity, Consumer Financial Protection Bureau

CFPB Monitor

We first review the origins of mortgage redlining and discuss the concept of reverse redlining and new theories of redlining.

Banks, payment companies invite more techies to their labs

American Banker

Payments

Department of Education and Federal Student Aid Seeking Whistleblowers to Report Potential Violations by Institutions of Higher Education

CFPB Monitor

Having stood up and promoted the whistleblower program at the CFPB , it appears that Richard Cordray may now be taking similar steps at Federal Student Aid (“FSA”).

Most Fed officials saw slower pace of hikes 'soon' as appropriate

American Banker

Federal Reserve Interest rates Regulation and compliance Politics and policy

The New 7 Facts on Housing Interest Rates and What Banks Can Do About It

The CRE multifamily sector has created tremendous momentum that won’t be slowed by interest rate hikes. Check out the facts right here!

CFPB highlights accuracy problems in two reports on tenant background screening reports

CFPB Monitor

The CFPB recently released two reports concerning tenant background checks. One report, “ Consumer Snapshot: Tenant Background Checks ,” discusses consumer complaints received by the CFPB that relate to tenant screening by landlords.

LGBTQ neobank wants to help its members navigate family planning

American Banker

Diversity and equality Fintech

BIDW: What makes business intelligence and data warehouses inseparable?

Dataconomy

Although they function in the same area, business intelligence and data warehouses are fundamentally different concepts. Data warehouses and business intelligence both include data storage. However, data collection, technique, and analysis are the main focuses of business intelligence.

Latest banking news

American Banker

Fintech Industry News M&A

How to Choose the Best Automated Documentation System for Commercial Loans

Not all automated loan doc prep solutions are created equal. That is why we have put together a checklist to help you evaluate potential partners and find the best-automated documentation system for your requirements and needs.

From Our Dinner Table to Yours, Happy Thanksgiving!

Image Works Direct

From turkey to turnkey, the holidays are what you make them. However you spend your Thanksgiving, we hope you know how appreciated you are. At image.works, we are grateful for our loyal clients. Here, you always have a place at our table!

Goldman Sachs to pay $4 million SEC penalty in ESG fund case

American Banker

Industry News ESG Regulation and compliance SEC

Placing blame for inflation and a likely recession

American Banker

Federal Reserve Interest rates Regulation and compliance Politics and policy

Warren, Whitehouse ask DOJ to hold Bankman-Fried accountable for FTX collapse

American Banker

DoJ Regulation and compliance Politics and policy Cryptocurrencies

Digital Commercial Lending Technology Case Study: Increasing Loan Volume and ROI

In this Commercial Lending Case Study, you'll discover how to leverage digital lending technologies to accelerate growth and leapfrog the competition in the private lending market. A new and innovative approach to mortgage lending — growing lending volume by orders of magnitude.