Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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The use of prepaid cards has skyrocketed, thanks in part to rising popularity among consumers who already have a checking or savings account, according to the Pew Charitable Trusts.
By Jacob PassyJune 30 -
Nationwide Bank in Columbus, Ohio has created an online car loan service that allows consumers to secure financing and insurance and shop for a car purchase.
By Jacob PassyJune 30 -
Citigroup failed one of the monitoring tests performed as part of the national mortgage settlement, according to new reports filed by NMS monitor Joseph Smith A. Jr.
By Jacob PassyJune 30 -
Hanmi Financial in Los Angeles has a new look for its retail bank.
By Jacob PassyJune 30 -
End-to-end wireless transactions provider Apriva has teamed up with parking payment technology provider Amana McGann to integrate EMV technology into parking systems across the United States.
By Jacob PassyJune 29 -
Russian payments company Qiwi has hired Dmitry Danilenko as the head of its international money remittances and e-commerce division.
By Jacob PassyJune 29 -
Community Bank Shares of Indiana in New Albany has changed its name to Your Community Bankshares.
By Jacob PassyJune 29 -
Many in the banking industry on Friday voiced support for the Supreme Court's decision to legalize gay marriage nationwide and discussed how it would have an impact on their businesses.
By Jacob PassyJune 26 -
Juniata Valley Financial in Mifflintown, Pa., has agreed to buy FNBPA Bancorp in Port Allegany, Pa.
By Jacob PassyJune 26 -
MidSouth Bancorp in Lafayette, La., has promoted the son of Chief Executive Rusty Cloutier to president of MidSouth Bank.
By Jacob PassyJune 26