Card debt climbs to record $1.13 trillion
Payments Dive
FEBRUARY 7, 2024
Consumers’ credit card debt rose nearly 5% in the fourth quarter, compared to the third quarter, adding to delinquencies as well.
Wed.Feb 07, 2024
397 
Mortgage affordability for borrowers who re-fixed in 2023
BankUnderground
FEBRUARY 7, 2024
Daniel Norris, Elio Cucullo and Vasilis Jacovides When borrowers enter a fixed-rate mortgage, lenders test whether they could continue to afford their mortgage if interest rates were to increase by the time it comes to re-fix. This ‘stressing’ is designed to create additional resilience for borrowers and the financial system. Over the last two years, mortgage rates have increased by over four percentage points, raising the cost of repayments for those re-fixing.
Join 23,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Fiserv CEO details special bank charter pursuit
Payments Dive
FEBRUARY 7, 2024
The processing and acquiring company, which seeks a “very specific” special bank charter, doesn’t intend to compete with its financial institution partners, Fiserv CEO Frank Bisignano said Tuesday.
Discovering Financial Growth: Making Smart Investments with Union Bank
Ublocal
FEBRUARY 7, 2024
Welcome to Union Bank’s exciting journey into the world of investments! We’re delighted to bring our Northern Vermont and New Hampshire communities a simple, yet powerful way to grow your money. Through our UB2Go digital banking platform , we’re introducing an easy-to-use digital investment app. You can start investing with as little as $10, joining the ranks of savvy investors right from your phone or computer.
If It Aint Broke, Don’t Fix It: A Dangerous Mindset
Advertisement
Time and time again we tell ourselves and others NOT take action on something that is not "broken." We apply that mindset at home and at work. Sometimes, it doesn’t work out so well. Because when it's truly broken, it's usually an emergency, costs more and causes stress. Join us in this webinar where we share ways where you are able to anticipate your needs, understand benefits that you will get from getting better now instead of later, and relieving your team of tasks that they don't need to be
Trade groups file lawsuit in Texas federal court challenging final OCC/FDIC/Federal Reserve Community Reinvestment Act rules
CFPB Monitor
FEBRUARY 7, 2024
Several national and Texas banking and business trade groups have filed a lawsuit in the U.S. District Court for the Northern District of Texas challenging the final regulations (Final Rules) implementing the Community Reinvestment Act of 1977 (CRA) that were jointly adopted in October 2023 by the Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and Federal Reserve Board (Agencies). .
Sign up to get articles personalized to your interests!
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
More Trending
Virgin Money downsizes, ACI builds payment rails in Nepal
American Banker
FEBRUARY 7, 2024
Virgin Money has cut about 150 jobs and 39 branches thus far in 2024, the Central Bank of Nepal has hired ACI Worldwide to build a payment switch to enable interoperable card payments for merchants, and more.
Citizens’ payments leader to speak at Bank Automation Summit U.S. 2024
BankInovation
FEBRUARY 7, 2024
Maria Mason, enterprise product manager at Citizens Bank, will speak at Bank Automation Summit U.S. 2024 about strategies for automating real-time payments (RTP). Bank Automation Summit U.S. 2024 takes place March 18-19 at the Omni Nashville in Nashville, Tenn., and brings together industry experts to discuss innovation in real-time payments, AI, RPA and more.
DocuSign lays off 6% of staff; third wave in last two years
American Banker
FEBRUARY 7, 2024
The San Francisco-based electronic signature company's chief executive Allan Thygesen announced Tuesday that roughly 400 employees across the company were being let go as part of restructuring for the 2025 fiscal year.
Jack Henry updates tech strategy
BankInovation
FEBRUARY 7, 2024
Jack Henry updated its tech modernization strategy during its fiscal second quarter, the technology provider announced during its earnings call today.
The 2024 Lenders Guide to Automating the Complex Loan
Advertisement
Download the latest edition of GoDocs' "The Lender's Guide to Automating the Complex Loan." This comprehensive guide offers financial institutions valuable insights into document automation for complex commercial loans. It unpacks the intricacies of complex loans and showcases how an automation platform like GoDocs — the leading commercial loan closing platform — delivers impressive benefits and ROI to any FI.
The Climb: Women leaders on their careers in banking and finance.
American Banker
FEBRUARY 7, 2024
Anne Clarke Wolff, a longtime Most Powerful Women in Banking honoree, on why she left big banking to start her own investment bank advisory firm.
New York Community Bancorp shares plummet amid unease over regional banking
TheGuardian
FEBRUARY 7, 2024
Alessandro DiNello, new executive chairman of regional US lender, acknowledges ‘serious situation’ as stock at lowest level in decades Shares in New York Community Bancorp (NYCB) continued to fall on Wednesday, heightening unease about the US’s regional banking sector. The bank’s stock has fallen by more than 60% to its lowest level in decades in recent days despite a scramble by the mid-sized lender to reassure investors of its financial strength.
20 banks and thrifts with the largest commercial and industrial loan portfolios
American Banker
FEBRUARY 7, 2024
The top five banks and thrifts have more than $1 trillion in combined commercial and industrial loans as of September 30, 2023.
Transactions: BNY expands use of Microsoft for data management
BankInovation
FEBRUARY 7, 2024
BNY Mellon has expanded its use of Microsoft for cloud services and AI models, according to a Feb. 5 release from the bank.
How Unify Turned Month-End Mayhem Into a Growth Party With Automation!
Advertisement
By ditching paper and manual checklists, UNIFY embraced ART’s cloud-based solution for seamless automation. The robust dashboards, exception reports, and completion date reports allowed the team to easily track progress and resolve bottlenecks. ART’s flexible access for auditors ensured tight deadlines were met effortlessly. With competitive pricing and a rapid setup, ART cut costs and minimized disruptions, enabling UNIFY’s team to concentrate on high-impact tasks.
Banking-as-a-service banks: 'There is a reckoning'
American Banker
FEBRUARY 7, 2024
Financial institutions' fintech partnerships are facing higher levels of scrutiny. More consistent and direct monitoring of their partners can put them in a better position.
Jack Henry prioritizes cloud native strategy
BankInovation
FEBRUARY 7, 2024
Jack Henry updated its tech modernization strategy during its fiscal second quarter, the technology provider announced during its earnings call today.
What's weighing down bank stocks — and likely to keep doing so
American Banker
FEBRUARY 7, 2024
Just weeks ago, prospects seemed strong for bank stocks to regain ground after a volatile 2023. But renewed credit concerns stemming from issues at New York Community Bancorp, and the increasing odds that interest rates will remain high for months, have dampened that outlook.
Ebury launches a new cross-border payment solution for Brazil
The Paypers
FEBRUARY 7, 2024
UK-based financial services provider Ebury has launched a new solution for direct transactions between the Brazilian real and the Chinese yuan.
Is Your Current Card Platform Holding You Back?
Advertisement
Have you ever felt the pain and loss of a client suddenly going silent, leaving you questioning everything? Ghosting can cause heartbreak; in business, it drains resources, and emotionally, it shatters your confidence. A modern credit card program can give you the tools to deliver the digital-first experiences your customer’s demand. Our eBook, “5 Signs Your Credit Card Offering Needs an Upgrade,” will help you identify key indicators that your current card platform may be holding you back and w
Virtual assistants are the future, but some banks are falling behind
American Banker
FEBRUARY 7, 2024
As virtual assistants become central to banking, financial institutions of all sizes must embrace and leverage this transformation to redefine the customer experience.
Payroc acquires SterlingCard to enhance presence in Canada
The Paypers
FEBRUARY 7, 2024
US-based payment processing platform Payroc has acquired SterlingCard Payment Solutions to provide augmented card-present solutions in the Canadian market.
New York Community moves to calm investors' nerves. Will it be enough?
American Banker
FEBRUARY 7, 2024
The regional bank announced a leadership shakeup on Wednesday, capping a tumultuous week in which shareholders became spooked about its exposure to the commercial real estate sector.
UnionPay International partners with Spring Airlines
The Paypers
FEBRUARY 7, 2024
Payment network UnionPay International has partnered with Spring Airlines to allow the latter’s website to accept UnionPay cards for tourists and business travellers.
3 Ways Managed Device Services Help Community Banks Cut Costs
Advertisement
Community banks seek ways to leverage their technology infrastructure to drive productivity and growth. However, the sheer volume of technology devices, capital constraints, and lack of skilled resources stand in the way. This Strategy Brief explores how a managed device services partner can help bridge this resource gap. Managed device services partners empower community banks to take charge of mission-critical device management activities with: Logistics and installation services to support se
PayPal says its innovations' impact will take time
American Banker
FEBRUARY 7, 2024
CEO Alex Chriss told analysts the company's AI-heavy product rollouts won't improve financial results in the near-term.
Aro partners with Equifax
The Paypers
FEBRUARY 7, 2024
UK-based embedded finance partner for brands, Aro has announced its collaboration with Equifax in order to deliver a new data-driven marketplace.
For banks, now is a good time to sue your regulator over CRA
American Banker
FEBRUARY 7, 2024
Banks historically have been averse to challenging their regulators in court, but a suit over the recently finalized Community Reinvestment Act implementation rules is a signal that the times have changed.
Commerzbank AG partners with Surecomp
The Paypers
FEBRUARY 7, 2024
Germany-based Commerzbank AG has announced its partnership with Surecomp to deploy its DOKA-NG tool for back-office trade finance processing across several entities.
5 Things Lenders Need to Know About Portfolio Loans & Their Documentation
Advertisement
Discover the key benefits of portfolio loans and learn how to streamline your lending process with our infographic, "5 Things Lenders Need to Know About Portfolio Loans & Their Documentation." Find out how portfolio loans can maximize borrower potential by consolidating multiple properties under a single loan, reducing paperwork, and lowering closing costs.
Let's personalize your content