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The Fed announced several new lending facilities and virtually “unlimited” purchases of Treasury bonds; Ana Botín will donate the money to a coronavirus fund.
March 24 -
The impact of the virus and mitigation measures will contribute to an increase in payment disputes, says Chargebacks 911 and Global Risk Technologies' Monica Eaton-Cardone.
March 24Chargebacks911 -
The coronavirus is changing how consumers interact in branches and banking online. Bank leaders should be prepared.
March 23 -
Online platforms and apps can be utilized to quickly support small businesses and consumers facing unexpected financial hardship.
March 23Georgetown University Law Center -
BofA, JPMorgan said they are paying bonuses to branch and call center employees; the bank says removing the $1.9 trillion limit on growth will help it lend to more customers in need.
March 23 -
Today’s consumers increasingly live in a world of customization, and their expectations mirror the need for a seamless consumer experience that addresses their personal preferences, says Envestnet/Yodlee's Brandon Rembe.
March 23Envestnet|Yodlee -
With the government’s backing and thanks to the unprecedented capital levels they built up since the 2008 financial crisis, banks could provide relief in a way that they never have before.
March 22American Banker -
The Comptroller's Office has provided banks with guidance on how to structure relationships with data aggregators. Now the bureau needs to focus on the bank-consumer connection.
March 20Plaid -
The Fed must set up a "family financial facility" that sends billions to households and small businesses so banks don’t misdirect relief funds.
March 20 -
Some banks have closed branches or restricted access and bank tech resources are being overwhelmed; bank pays a record SKr4 billion ($400 million) for issues.
March 20