VANCOUVER, B.C. -
Mowat has served as CEO at Vancity since 2000 and is well-known to many in the U.S. for his frequent speaking appearances. The credit union is also often featured in publications. During Mowat's tenure Vancity grew to (C) $12 billion in assets. It has more than 354,000 members and 50 branches.
As real-time payments become more common, UBB's partnership with fintech Pidgin offers a roadmap for smaller banks to stay relevant.
The regulator says its prior amicus brief, which cited the Fair Debt Collection Practices Act and sided with borrowers, was no longer valid.
Agency lawyers called the rule, which was almost a decade in the making, "unlawful" in a court filing.
A recent deal involving a troubled Texas bank shows that even the most lopsided depository can find an exit.
The card issuing fintech has worked for years to expand its business outside of Block. Mike Milotich, who in February became the third person to hold the fintech's top job in as many years, has been tasked to do just that.
As the class action lawsuit settlement industry became overwhelmed with fraud, a bank and a fraud scoring company teamed up to fight back.
