BankThink

Biden’s CFPB and SEC choices move to the full Senate following mostly party-line banking committee votes; the bank is making a 10-year commitment to channel capital to benefit Black women.

Slow settlement on traditional rails can cause dangerous delays in moving funds, says AppBrilliance's C. Eric Smith.

Banks need to adjust their money laundering protections to comply with tough new rules in the U.S., says Genpact's Manish Chopra.

As the Consumer Financial Protection Bureau weighs rules on protecting customer information shared between banks and third parties, it should consider giving consumers full authority over their financial data and committing to direct oversight of everyone involved, including data aggregators and fintechs.

The fintech hopes the move, if approved, will accelerate its plan to become a national bank; lenders say they have too many applications already to deal with last-minute SBA revisions.

People open new accounts for a variety of purposes, often providing services banks don't provide, says FICO's Anna Hamilton.

David Heun, associate editor of PaymentsSource, talks to Sara Hafner, head of financial partnerships at Forter, about how the growth of online shopping has raised the stakes for fraud prevention.

Customers and partners will view an easy and reliable payment experience favorably, says Billtrust's Justin Main.

The giant retailer is betting enough has changed in the regulatory environment since 2007, when Walmart applied for an ILC; the underused programs will be allowed to expire at the end of the month.

By removing friction and encouraging interoperability, deployment becomes easier, says Fime's Reza Rhamani Fard.