BankThink

Without rollbacks of existing anti-money-laundering reporting requirements, a measure designed to make Bank Secrecy Act enforcement more risk-focused would do little to ease banks' regulatory burden.

Kate Fitzgerald, senior editor at PaymentsSource, talks to Eric Schuppenhauer, Head of Consumer Lending and National Banking at Citizens Bank, about lending at the point of sale.

Several big investors say they will oppose reelection of several board members at Friday’s annual meeting; Aberdeen is hoping “Abrdn” will lift it in search results.

The quick adoption of financial technology, coupled with remote work, requires firms to focus on internal innovation as well as customer-facing advancements.

The Federal Reserve and other central banks deciding whether to compete with private cryptocurrencies should heed the financial stability risks, such as expanding the economic power of governments and altering longstanding payments models.

The bank says it “misjudged” the reaction to its financing the botched European Super League; big shareholders say the board member in charge of risk management should leave.

Fraud detection and prevention technology must align with clear return policies and strong customer service ensuring that confused but loyal and well-intentioned customers can continue to purchase from merchants, says Ravelin's Mairtin O'Riada.

Bankers say the federal tax exemption for credit unions costs U.S. taxpayers $2 billion each year. But eliminating it would prevent the not-for-profit financial institutions from channeling their savings into higher rates and lower fees that stimulate commerce — and generate additional tax income.

Issuers should use the next year to build their own card program, tailored for their market's specific needs, says Zeta's Bhavin Turakhia.

Brian King is coming back as chief risk officer after leaving for a similar job at Wells Fargo; the former Citi executive, who is running for mayor of New York, is getting $5.7 million.