Synchrony to sell pet insurance subsidiary for $750M gain
Payments Dive
NOVEMBER 28, 2023
As part of the sale, Synchrony will also acquire an equity interest in Independence Pet Holdings.
Payments Dive
NOVEMBER 28, 2023
As part of the sale, Synchrony will also acquire an equity interest in Independence Pet Holdings.
CFPB Monitor
NOVEMBER 28, 2023
The Federal Housing Finance Agency (FHFA) recently announced the conforming loan limits for residential mortgage loans acquired by Fannie Mae and Freddie Mac in 2024. Fannie Mae addresses the limits in Lender Letter 2023-09. As was expected based on the continuing increase in housing prices, the limits increased significantly. The standard loan limit for a one-unit home increased from $726,200 in 2023 to $766,550 for 2024.
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Payments Dive
NOVEMBER 28, 2023
The biggest bank in the U.S. erroneously declined some credit card users’ purchases on Black Friday, the busiest shopping day of the year.
CFPB Monitor
NOVEMBER 28, 2023
On November 27, 2023, the California Privacy Protection Agency (CPPA) published proposed Automated Decision-Making Rules to be discussed by the CCPA board at its upcoming meeting on December 8, 2023. While the proposed rules are far from final—indeed, they are not even official draft rules—they signal that the CPPA is considering rules that would have significant impact on businesses subject to the California Consumer Privacy Act (CCPA).
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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.
ATM Marketplace
NOVEMBER 28, 2023
In the U.S., automated cash recycling is just now emerging as a compelling solution that provides substantial benefits to financial institutions.
Community Banking Brief brings together the best content for Community Banking professionals from the widest variety of industry thought leaders.
Realwired Appraisal Management Blog
NOVEMBER 28, 2023
When your bank says “no new initiatives” does that mean all productivity ideation halts? Reframe “no new initiatives” into a “train in the off-season” mindset. Be a leader for your team. Limited resources can curb banks’ innovation and competitiveness. Your appraisal management technology partner is potentially key to bridging the gap.
Jeff For Banks
NOVEMBER 28, 2023
I asked Google Bard, a large language model tool, the following: "Describe the future of banking in the United States in buzzwords." Here is what it came up with. ∞ Sure, here is a description of the future of banking in the United States in buzzwords: Hyperpersonalization : Banking services will be tailored to the individual needs and preferences of each customer, using data analytics and artificial intelligence.
CFPB Monitor
NOVEMBER 28, 2023
The CFPB recently approved an application ( Application ) from the Independent Community Bankers Association (ICBA) for alternative disclosures under the Truth in Lending Act (TILA)/Real Estate Settlement Procedures Act (RESPA) Integrated Disclosure (TRID) rule for construction-to-permanent loans. The Application is for a Trial Disclosure Program Waiver Template (TDP Waiver Template).
TheGuardian
NOVEMBER 28, 2023
CEO Charlie Nunn calls for measures such a windfall tax to be ruled out before next general election The chief executive of Lloyds Banking Group has fired a warning shot at UK policymakers, saying measures such as a windfall tax on banks should be ruled out before what is expected to be a hard-fought election year. With Labour largely silent on its plans for City regulation despite its current commanding lead in the polls, Charlie Nunn said City firms and investors alike were “looking for more c
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.
CFPB Monitor
NOVEMBER 28, 2023
The U.S. Supreme Court has scheduled oral argument for January 17, 2024 in the two cases in which the question presented is whether the Court should overrule its 1984 decision in Chevron, U.S.A., Inc. v. Nat. Res. Def. Council, Inc. That decision produced what became known as the “Chevron framework”–the two-step analysis that courts typically invoke when reviewing a federal agency’s interpretation of a statute.
ATM Marketplace
NOVEMBER 28, 2023
Wanting to grow, ATMs 4 Sale turned to DPL, a leading global managed IoT connectivity provider whose portfolio management platform leverages the power of artificial intelligence (AI) to help operators do more with less.
CFPB Monitor
NOVEMBER 28, 2023
In October 2023, the FTC issued a proposed “Rule on Unfair or Deceptive Fees” targeting so-called “junk fees.” Our special guest is Stacy Cammarano, Staff Attorney in the FTC’s Bureau of Consumer Protection, Division of Advertising Practices, and a lead attorney on the proposal. After reviewing how the FTC has previously used its enforcement authority to address “junk fees,” we discuss some of the key issues identified in comments received by the FTC on its October 2022 Advance Notice of Propo
American Banker
NOVEMBER 28, 2023
Diverse employee resource groups and skill set development programs for identifying rising professionals are key methods for enticing — and retaining — the next generation of tech and business experts, said executives.
Speaker: Gary Dmitriev
Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.
BankInovation
NOVEMBER 28, 2023
Scotiabank reduced its headcount and branch footprint in its fiscal fourth quarter as part of its restructuring initiatives to pull back on costs. The Canadian bank’s headcount fell 2% year over year to 89,483 and total branches also fell 2% YoY to 2,379, according to the bank’s earnings supplement for the quarter ended Oct. 31.
American Banker
NOVEMBER 28, 2023
Financial firms claim a proposal by the Consumer Financial Protection Bureau would restrict lending, raise borrowing costs and result in more denials of credit to consumers.
BankInovation
NOVEMBER 28, 2023
European fintech funding experienced a massive drop in funding and number of deals in the third quarter. In Q3, European fintechs raised $1.
American Banker
NOVEMBER 28, 2023
The hike was driven by modest home price gains this year, following a larger conforming loan limit boost in 2022 in reaction to then-double-digit home price growth.
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Discover First Mid Bank's Expansion Success with Our Case Study! Discover how First Mid Bank & Trust fast-tracked market expansion through advanced automation and compliance solutions. This case study reveals their journey from facing challenges in Texas' complex legal landscape to achieving rapid market entry with GoDocs' innovative commercial closing platform.
The Paypers
NOVEMBER 28, 2023
The Paypers has released of the 7th edition of the Open Finance report, titled ‘ The Open Revolution: From Open Banking to Open Finance. The Road to Open Data Continues.
American Banker
NOVEMBER 28, 2023
The Federal Reserve governor was one of two dissenting votes on the proposed capital changes earlier this year, but he said he would be open to backing the package if operational capital changes were made.
The Paypers
NOVEMBER 28, 2023
Visa and Standard Chartered have entered a regional partnership to expedite the delivery of instalment payment options to credit cardholders in APAC using Visa Instalment Solution.
American Banker
NOVEMBER 28, 2023
The pressures and frustrations of daily work lose some of their ability to aggravate when you consider how much real choice you have in the matter.
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Shifting liability for digital fraud losses represents a significant challenge for financial institutions and payment service providers. In response to the global surge in digital fraud, regulators are introducing policies that transfer the cost of fraud from defrauded customers to financial institutions. ThreatMark’s newly released white paper, "The Liability Shift: Understanding Fraud Losses Responsibility and Mitigation," provides an in-depth analysis of this shift, its implications, and stra
The Paypers
NOVEMBER 28, 2023
Modular and flexible payment infrastructure provider for marketplaces and platforms Mangopay has partnered with Spain-based B2C delivery platform for artisan products Bigcrafters, powered by Estrella Galicia.
American Banker
NOVEMBER 28, 2023
The tech company recently sent a proposal to the bank to exit their contract within approximately 12 to 15 months, the newspaper said.
The Paypers
NOVEMBER 28, 2023
Payment services provider Worldline has announced it was granted Payment Institution Authorisation by the Financial Conduct Authority (FCA) in the UK.
American Banker
NOVEMBER 28, 2023
Two dozen institutions fell into this midtier asset category for American Banker's Best Banks to Work For ranking this year.
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Most people dread the nearing of the month-end close and reconciliation process, and who can blame them? It's typically a tedious, long, stressful process; but it doesn't have to be. Implementing automation into your month-end process can significantly reduce this headache by automating up to 40% of your reconciliation and saving nearly 30% of your time spent.
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