Fiserv poised for more M&A
Payments Dive
JUNE 8, 2023
The payments processor is “highly engaged in” seeking targets to build up its merchant unit in the retail and services verticals, said CEO Frank Bisignano.
Payments Dive
JUNE 8, 2023
The payments processor is “highly engaged in” seeking targets to build up its merchant unit in the retail and services verticals, said CEO Frank Bisignano.
BankUnderground
JUNE 8, 2023
Jonathan Acosta-Smith, Benjamin Guin, Mauricio Salgado-Moreno and Quynh-Anh Vo Over the past years, a growing consensus has acknowledged the need to construct a ‘ system [wherein] every financial decision takes climate change into account ‘ While such a system is still far from reality, market participants already produce and demand an increasing amount of climate-related information.
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Payments Dive
JUNE 8, 2023
The guidance is aimed at helping banks address the operational, compliance and strategic risks of third-party tie-ups, such as those with fintech firms.
CFPB Monitor
JUNE 8, 2023
A group of federal agencies have proposed reconsideration of value (ROV) guidance for residential real estate valuations. The agencies are the Comptroller of the Currency (OCC), Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation (FDIC), Federal Reserve Board (Board) and National Credit Union Administration (NCUA). Comments on the proposed guidance will be due 60 days after publication in the Federal Register.
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Change is difficult, whether in our private or work life. However, without change, growth and learning are difficult not to mention keeping up with the market and staying competitive. We have all worked for or ourselves are the bosses that prefer to keep the status quo. We will discuss how to address the "change challenge" to enable you to be a changemaker and a graceful recipient of change.
Payments Dive
JUNE 8, 2023
The two big U.S. card companies have diverging views on prospects for open banking. Will it make a difference in their rivalry?
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Payments Dive
JUNE 8, 2023
Acquiring the travel, entertainment and shopping concierge service may advance the bank’s interest in having customers use credit card points.
CFPB Monitor
JUNE 8, 2023
For the past decade, Professor Jeff Sovern has criticized companies for including opt out provisions in their consumer arbitration clauses, even though such provisions give consumers freedom of choice by allowing them to reject arbitration without affecting the other contractual terms. Most recently, he argues that opt out provisions are actually what the FTC calls a “dark pattern”—a practice that “tricks users into making choices they would not otherwise have made and that may cause harm.” .
American Banker
JUNE 8, 2023
Cashless ATMs — which imitate a typical debit card transaction but code them as cash withdrawals — can lead to hefty fines. But many dispensaries still use the devices, partly due to the murky legal environment that surrounds the entire weed industry.
CFPB Monitor
JUNE 8, 2023
In a new “Issues spotlight” titled “ Chatbots in consumer finance ,” the CFPB discusses how chatbot technologies are being used by financial institutions and the limitations and risks of such technologies. The report, which is part of a concerted focus by the CFPB on the use of artificial intelligence and machine learning in consumer financial services, comes on the heels of the recent joint agency statement regarding enforcement efforts “to protect the public from bias in automated systems and
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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.
TheGuardian
JUNE 8, 2023
Bank removes all its ‘new business’ residential and buy-to-let products after surge in demand HSBC has temporarily withdrawn mortgage deals for new borrowers due to a surge in demand ahead of expected rate rises. The bank said on Thursday it would remove all its “new business” residential and buy-to-let products, with deals becoming available again on Monday.
CFPB Monitor
JUNE 8, 2023
The Federal Reserve, FDIC, and OCC have released final interagency guidance for their respective supervised banking organizations on managing risks associated with third-party relationships, including relationships with financial technology-focused entities such as bank/fintech sponsorship arrangements. The guidance is intended to provide principles for effective third-party risk management for all types of third-party relationships, regardless of how they may be structured. .
American Banker
JUNE 8, 2023
Financial institutions that received funding from the Emergency Capital Investment Program grew their loans by 35% between 2021 and 2022, according to new research. Now leaders at those institutions are turning their attention to the need for patient deposits.
CFPB Monitor
JUNE 8, 2023
In its 2016 decision in Spokeo v. Robins , the U.S. Supreme Court held that a plaintiff alleging a Fair Credit Reporting Act violation does not have standing under Article III of the U.S. Constitution to sue for statutory damages in federal court unless the plaintiff can show that he or she suffered “concrete,” “real” harm as a result of the violation.
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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
American Banker
JUNE 8, 2023
The FDIC gave Cadence Bank in Mississippi the highest possible rating on its most recent Community Reinvestment Act evaluation. Cadence was the product of a 2021 merger completed just months after the acquired bank settled a federal lending discrimination case.
TheGuardian
JUNE 8, 2023
Broking relationship with hedge fund to be severed after news report details alleged incidents, which Odey denies The investment banking company Morgan Stanley is to cut its relationship with the multimillionaire hedge fund manager and Conservative donor Crispin Odey after allegations of sexual misconduct were made by multiple female employees. Morgan Stanley is cutting its prime broking relationship with his firm, Odey Asset Management (OAM), after the Financial Times on Thursday reported alleg
American Banker
JUNE 8, 2023
Consumer Financial Protection Bureau Director Rohit Chopra faces tough questions next week testifying before the Senate Banking Committee and House Financial Services Committee.
TheGuardian
JUNE 8, 2023
Offer to write off some of the nearly £1bn owed by publisher submitted to lenders Lloyds Banking Group Analysis: how the Barclay empire lost its grip on the Daily Telegraph The former owners of the Daily and Sunday Telegraph have made an attempt to regain control of their media assets after they were put up for a sale in a bitter row with lenders. The Barclay family has submitted an offer to Lloyds Banking Group that would reportedly allow them to write off some of the nearly £1bn in debts owed
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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
American Banker
JUNE 8, 2023
Federal bank regulators issued proposed guidelines for banks and other mortgage lenders to craft policies around reconsideration of value requests. The move is the latest aimed at rooting out bias in home appraisals.
The Paypers
JUNE 8, 2023
UK-based Payment Systems Regulator (PSR) has confirmed new requirements for banks and payment companies to ensure reimbursement for victims of APP fraud.
American Banker
JUNE 8, 2023
Threat intelligence has become a viable option for banks looking to gain insights about fraudsters communicating on Telegram with other criminals.
The Paypers
JUNE 8, 2023
The Netherlands has partnered with payment-processing provider Mastercard and launched a contactless transit payments system across the nation.
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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.
BankInovation
JUNE 8, 2023
The completion of the intercontinental railroad in 1869 was a watershed moment in American history. It opened a new chapter in the country’s economic growth as the connection of the two coasts by rail made the transfer of resources in the West to markets in the East easier, faster and safer.
TheGuardian
JUNE 8, 2023
MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate rises Business live – latest updates Britain’s biggest banks need to “up their game” and stop fobbing off millions of loyal customers with “measly” savings rates, according to the head of an influential committee of MPs. MPs on the Commons Treasury committee have been investigating why, when the Bank of England interest rate has increased 12 times in a row to 4.5% , many leading banks are s
BankInovation
JUNE 8, 2023
TD Bank is redesigning its mobile banking app to create an easier and more connected user experience as mobile banking demand grows, Head of Canadian Personal Banking at TD Bank Michael Rhodes said at today’s Investor Day 2023 event.
The Paypers
JUNE 8, 2023
Amazon has announced that US merchants offering Amazon Pay can add Affirm ’s Adaptive Checkout as payment option.
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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
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