Consumer banking
PayPal's $800 million purchase of Braintree is only the beginning. How PayPal decides to integrate the six-year-old processor could matter a lot to banks.
-
State and federal officials are tightening the screws on online suppliers of payday and installment loans. The question for many such lenders and the banks that handle their transactions is whether the government is out to eliminate fraud or to wipe out the industry. American Banker staffers discuss.
September 26 -
Five years after the financial crisis, the new regulatory regime remains a work in progress but one that's created a major burden for the industry. Here are some of the main takeaways from banking leaders and policymakers who gathered this week to discuss the state of affairs at American Banker's Regulatory Symposium in Washington, D.C.
September 25
-
The year's Most Powerful Women in Banking special report contains good news and bad. On the positive side, women are making progress in the upper reaches of banking and finance. The trouble is that they still have a long way to go before achieving gender equality. The reasons are complex.
September 18 -
A mountain of regulations set to go into effect in January, the Fed's mixed signals and fair lending issues topped the list of concerns at a recent mortgage bankers' risk management conference in Phoenix. American Banker's Kate Berry, who attended the event, reports.
September 17 -
Disney World's efforts to test its payments wristband involve patience, investment in technology and a lot of marketing. PaymentsSource editor Daniel Wolfe recently visited the amusement park and has some lessons for banks and other payments companies that want to succeed in similar innovation.
September 13 -
Financial institutions are required to thoroughly "know" their customers and vet transactions for potential criminal connections in a way that other critical service industries are not. (Imagine an electric company quizzing its customers about what appliances they plug into the wall.) Ellen Zimiles, a former assistant U.S. attorney who now heads the global investigations and compliance practice at Navigant Consulting, explains why banks have been given special responsibilities.
September 11 -
Remittances from the West are a lifeline for many people in the developing world, but anti-money laundering compliance requirements have made it hard for banks and money transmitters to service this market. Ellen Zimiles of Navigant Consulting discusses the delicate balance between regulatory and law enforcement concerns, on the one hand, and business and humanitarian goals on the other.
September 10 -
Reform of housing finance giants Fannie Mae and Freddie Mac gained surprising momentum in recent months. But it's at risk of grinding to a halt as the Capitol Hill is consumed with Syria and the confirmation of a new Federal Reserve chairman. American Banker editors discuss the prospects for GSE legislation amid a packed and contentious legislative agenda.
September 9 -
Deposit balances have declined for two consecutive quarters, threatening a low-cost source of funding for many institutions. American Banker editors discuss the implications and how bankers are responding.
September 6
