Mon.Jun 20, 2022

CFPB issues request for information on relationship banking and customer service

CFPB Monitor

The CFPB has issued a request for information (RFI) that seeks comments from the public “on what customer service obstacles consumers face in the banking market, and specifically what information would be helpful for consumers to obtain from depository institutions pursuant to section 1034(c) of the Consumer Financial Protection Act.“

Branch Business: Texas Capital and Provident Banks Expand Footprints

Banking Exchange

Relocations to help capitalize and expand the market reach in promising regions Community Banking Feature3 Feature Management M&A. 1Community Banking

Texas 78
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7 tips for innovators

American Banker

Digital banking Innovation

Vystar and Heritage Southeast Abandon Merger

Banking Exchange

Development comes amid intense scrutiny of credit unions’ M&A activity involving banks Management Feature M&A Feature3. 1Management

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.

Why P2P payments remain prone to social engineering fraud

American Banker

Digital banking Payments P-to-P payments

Fraud 70

More Trending

Quantum computing turns into accessible services with the cloud-based quantum computers

Dataconomy

Quantum cloud computing is a field that emerged with the convergence of quantum computing and cloud computing, two of the most influential technologies of our time. In the simplest terms, quantum cloud computing enables quantum computing resources to be available over the cloud.

Consumer Financial Protection Bureau Investigating Overdraft Charges

Banking Exchange

The bureau is collating research on key customer service metrics from large banks Consumer Credit Compliance Retail Banking Feature3 Fintech Financial Research Feature Financial Trends. 1Compliance

UK mortgage lenders told they can scrap affordability rule for buyers

TheGuardian

Bank of England feels other measures will play stronger role in guarding against household debt Lenders will no longer have to check whether homeowners could afford mortgage payments at higher interest rates after the Bank of England ditched a rule originally designed to avoid another 2007-style credit crunch.

Delaying CFPB’s data sharing rule will only create more problems down the road

American Banker

Data sharing Regulation and compliance CFPB

Data 64

Cyber Security, Change Management and Enterprise Risk Management: Scaling Operations for Growth

Speaker: William Hord, Vice President of Risk Management and Compliance

Join us as we discuss the various tangents of data and the change management process that will help you make better risk-based business decisions to save time and money for your organization.

Neural networks do better as they get bigger

Dataconomy

Opposable thumbs have played an essential role in the evolution of our species. However, if evolution had given us two additional thumbs, things would not be much different. A single thumb on each hand is sufficient.

US 58

CrossFirst makes a timely deal, anticipating fresh demand for SBA loans

American Banker

Community banking M&A Small business banking

Employer prevails in latest FAA preemption ruling from U.S. Supreme Court

CFPB Monitor

The U.S. Supreme Court has once again confirmed that the Federal Arbitration Act (FAA) preempts incompatible state laws that preclude contracting parties from controlling which claims are subject to arbitration. Ruling in favor of the employer in Viking River Cruises, Inc.

The most comprehensive blockchain glossary in 2022

Dataconomy

The blockchain glossary we have prepared also includes the highlights of the web3 glossary and NFT glossary of terms. Blockchain terminology is expanding daily with the increasing popularity of blockchain technology. It isn’t easy to keep up with all of it.

How Preparation and Strategy Can Be Used to Fight and Defeat Any Ransomware Attack

Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP

Through a detailed analysis of major attacks and their consequences, Karl Camilleri, Cloud Services Product Manager at phoenixNAP, will discuss the state of ransomware and future predictions, as well as provide best practices for attack prevention and recovery.

CFPB outlines BNPL expectations

CFPB Monitor

The CFPB’s new blog post titled “Buy Now, Pay Later and Credit Reporting” appears intended to send a message about the CFPB’s expectations to industry. .

Data 78

A new ML method will be the driving force toward improving algorithms

Dataconomy

Algorithms with predictions is a new approach that takes advantage of data insights that machine learning technology may provide into data that conventional methods may not handle. Algorithms are the basic tools of modern computing.

Tools 44

Bank/nonbank partnerships could face CFPB scrutiny

CFPB Monitor

Delivering the keynote address last week at the Consumer Federation of America’s 2022 Consumer Assembly, CFPB Deputy Director Zixta Martinez indicated that the CFPB “is taking a close look” at “’rent-a-bank’ schemes.”.

FDIC 78

Swedish fintech Juni secures $206 million in debt and equity funding

Bank Activities

By Zoran Temelkov June 2022. The Swedish fintech Juni has successfully closed another funding round raising $206 million in debt and equity.

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.

Hot and on the rise: Data engineer jobs

Dataconomy

What is the data engineer job description and salary in 2022? Are you wondering the difference between entry-level, senior, and process data engineer job descriptions? You’ve come to the correct location if you’re searching for answers.

Data 38

Lenders challenged by Turkish central bank’s new rules

The Banker

In the choppy waters of the Turkish economy, where soaring inflation and exchange rate volatility are a growing menace, the country’s banks are facing a new complication: a wave of regulation. James King reports

How Might Buy Now, Pay Later Loans Impact FICO® Scores?

Fico Collections

How Might Buy Now, Pay Later Loans Impact FICO® Scores? Key findings from FICO research on consumer credit files with recently opened Buy Now, Pay Later loans. NicholetteLarsen@fico.com. Tue, 03/23/2021 - 22:16. by Suna Hafizogullari. expand_less Back To Top. Mon, 06/20/2022 - 15:00.

Bank Marketing Trendwatch: Precision-Targeting Ads with Connected TV

The Financial Brand

Connected TV gives bank marketers a unique opportunity to customize video ads for multiple markets, giving them a great way to reach Gen Z. The post Bank Marketing Trendwatch: Precision-Targeting Ads with Connected TV appeared first on The Financial Brand.

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.

Russia develops blockchain payments system to replace SWIFT

The Paypers

Russia’s Rostec Group , a government organization, has developed a blockchain platform to launch a digital system for international payments capable of replacing the global SWIFT system

Inside Plaid’s Evolving Roadmap and Future In Banking & Payments

The Financial Brand

Already a leader in data connectivity, Plaid's fintech competitors are pushing it to new horizons in banking, including payments and credit. The post Inside Plaid’s Evolving Roadmap and Future In Banking & Payments appeared first on The Financial Brand.

Crypto Leaks' platform reports illegalities in the crypto world

The Paypers

US-based cryptocurrency specialist Crypto Leaks has launched a new platform that exposes scams and corruption in the cryptocurrency space

Human Capital: Keep Financial Makes it Easy for SMBs to Offer Vesting Cash Bonuses

Fintech Labs Insights

Part of Silicon Valley’s secret sauce are stock options which help attract/retain employees while keeping salary costs in check. While that works great for VC-fueled growth stories, it doesn’t work so well (or at all) for most normal small and medium businesses.

The Non-QM Market Experiences a Remarkable Comeback: Check Out the Industry Guide

As the commercial lending market evolves, non-QM loans are becoming increasingly popular. Check out this eBook for a detailed look at the benefits of non-QM loans, how to maneuver your way through, and what the future may bring.