Image: Bloomberg News
COME AGAIN: The majority of those who use alternative financial services view rewards as an important factor in selecting a provider, a recent survey found.
Alternative financial service providers that sell prepaid cards, bill pay, check cashing and other services to underbanked consumers are becoming more sophisticated with the ways they mine customer data.

Top Stories

Law firms, compliance specialists, lobbyists and even startups are all trying to get a piece of the burgeoning billion-dollar industry aimed at navigating, modifying or complying with the Volcker Rule.  more »
Retailers have been able to get credit card surcharge bans in California and New York thrown out by using an unusual legal argument based on the First Amendment. The wins are significant, but merchants still need to fight through a legal thicket before card surcharges become practical.  more »
Environmentalists scored a big victory with PNC's decision to reduce its exposure to mountaintop-removal coal mining, which they say causes environmental destruction and health problems. Now they plan to turn their attention to other banks.  read more »
The Securities and Exchange Commission just gave unregistered banks a way to quickly raise capital at a fortuitous time — and marketplace lending platforms a way to reclaim their peer-to-peer roots.  read more »
FinTech Forward
SAS has launched a new solution designed to allow banks to rapidly test anti-money laundering scenarios, the business analytics software and services provider announced March 16.  read more »
Paul Saltzman, the head of The Clearing House Association who helped to significantly raise the trade group's profile in recent years, is stepping down to pursue other opportunities, the group said Thursday.  read more »
Banks are transforming branches, rolling out new products and experimenting with alternative data, in an effort to bring more people into the financial mainstream. Such initiatives might have been a footnote in the past, but they have grown into a serious business strategy lately.  read more »
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