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Synchrony Says Erroneous Email Not Tied To Data Breach

PYMNTS

The company has a partnership with Amazon in which it lends to customers with low credit scores. Five senators wrote a letter to Amazon CEO Jeff Bezos, asking him to explain how security surveillance company Ring uses people’s data and video. In other Amazon news , the eCommerce giant is opening a store on the Chinese site Pinduoduo.

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Clear Mountain Bank reaches new heights

Independent Banker

Consider, for example, its commercial lending approach. Bankers at its nine branches in north-central West Virginia and one in western Maryland spend time getting to know each customer and understanding their unique circumstances. of Clear Mountain Bank’s loan portfolio comprises commercial lending, primarily to small businesses.

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Strategies for fighting remote authentication fraud

Independent Banker

Here, a fraudster obtains a legitimate user’s details to take over their online accounts, enabling the theft of money or a credit card, according to Marianne Crowe, vice president in the Secure Payments Innovation and Research group at the Federal Reserve Bank of Boston. Elizabeth Judd is a writer in Maryland.

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5 payments trends you should know about

Independent Banker

We’ve got capital market resets that are potentially happening, technology advancements and continued heightened digital expectations. According to a Lending Tree survey, 43% of Americans have used BNPL, up from 31% year-over-year. Address fraud and security. Colleen Morrison is a writer in Maryland.

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The top-performing community banks of 2021

Independent Banker

Whether it’s products and services, technology strategies or employee benefits, independent community banks decide on their own terms what’s best for their business and their customers. Cumberland Security Bank, Inc. First Security Bank of Deer Lodge. A: Technology. What fits one does not fit all. Allied First Bank, SB.

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Efficiency now: 8 smart strategy tips

Independent Banker

During the pandemic, the Fed bought up massive numbers of mortgage-backed securities, with banks enjoying unprecedented sales levels and gain on sales margins. The days of people coming in to cash their Social Security checks—those are pretty much gone. Use technology to drive down costs. Rightsize mortgage departments.

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Predicting the Next Banking Crisis Is a Fool’s Game. Not Learning From the Last One: Equally Foolish

Jeff For Banks

The old borrow short, lend long strategy. Economists cite as the main culprit the collapse of the subprime mortgage market — defaults on high-risk housing loans — which led to a credit crunch in the global banking system and a precipitous drop in bank lending. Remember K Bank in Maryland? Let those numbers sink in a bit.

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