Fiserv adopts new executive severance policy
Payments Dive
NOVEMBER 23, 2022
The payments company’s board adopted the executive severance policy this week even though it opposed a similar shareholder proposal in May.
Wed.Nov 23, 2022
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Transactions: American Express, Square partner on credit card
BankInovation
NOVEMBER 23, 2022
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 brands will offer a credit-card product specifically designed for Square sellers, backed by […].
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CFPB expands consumer complaint access to local governments
CFPB Monitor
NOVEMBER 23, 2022
In a recent blog post , the CFPB announced that it has started sharing consumer complaint data with local governments through its Government Portal. The Government Portal gives local, state, and federal government agencies access to more granular information about consumers’ complaints and companies’ responses than the public is able to view through the CFPB’s public-facing Consumer Complaint Database.
Major funds exposed to companies allegedly engaged in Uyghur repression in China
TheGuardian
NOVEMBER 23, 2022
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. The report, by UK-based group Hong Kong Watch and the Helena Kennedy Centre for International Justice at Sheffield Hallam University, found that three major stock ind
Digital Transformation: Accelerating ROI and Growth in Commercial Lending
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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
The New York Department of Financial Services Requests Information Regarding Private Student Loan Refinancing
CFPB Monitor
NOVEMBER 23, 2022
On December 22, 2021, New York State Senate Bill 2767A was signed into law. The Bill establishes the Private Student Loan Refinancing Task Force (the “Task Force”), which was charged with “study[ing] and analyz[ing] ways lending institutions that offer non-federal student loans to students of New York institutions of higher education can be incentivized and encouraged to create student loan refinance programs.
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Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
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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
NOVEMBER 23, 2022
We first review the origins of mortgage redlining and discuss the concept of reverse redlining and new theories of redlining. We then look at a wide range of topics including: the application of redlining enforcement to non-banks; the use of the Equal Credit Opportunity Act and Fair Housing Act to challenge redlining; activity at state level targeting redlining; the types of evidence regulators will look for when examining for redlining or bringing an enforcement action; potential penalties for
From Our Dinner Table to Yours, Happy Thanksgiving!
Image Works Direct
NOVEMBER 23, 2022
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! If you’re looking for turnkey marketing solutions for the new year, we’re here… but not on the following days.
Department of Education and Federal Student Aid Seeking Whistleblowers to Report Potential Violations by Institutions of Higher Education
CFPB Monitor
NOVEMBER 23, 2022
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”). On November 10, the Department of Education (“ED”) and FSA issued a bulletin inviting whistleblowers to provide information about potential violations of the Higher Education Act (“HEA”) and its implementing regulations.
The State of Automation in Financial Services 2024 Report
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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
CFPB highlights accuracy problems in two reports on tenant background screening reports
CFPB Monitor
NOVEMBER 23, 2022
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. The other report, “ Tenant Background Checks Market ,” looks at the practices of the tenant screening industry. Consumer Snapshot.
Sikorsky Financial Credit Union to merge with small Connecticut peer
American Banker
NOVEMBER 23, 2022
Banks, fintechs both want more transparency for Fed master accounts
American Banker
NOVEMBER 23, 2022
Why Is CRE Lending Stuck in the Past? Top 3 Reasons for Digital Resistance
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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.
ESG in its DNA: Berkshire Hills CEO on investing in the underbanked
American Banker
NOVEMBER 23, 2022
Register Now: Sneak Peek Into Close Automation SkyStem Web Demo
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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.
Data shortcomings at Citigroup flagged in Fed, FDIC resolution plan review
American Banker
NOVEMBER 23, 2022
Top 10 Benefits of Automating Loan Modifications for Commercial Lenders
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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.
Warren, Whitehouse ask DOJ to hold Bankman-Fried accountable for FTX collapse
American Banker
NOVEMBER 23, 2022
CFPB, FTC defend service members' right to sue under Military Lending Act
American Banker
NOVEMBER 23, 2022
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