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Financial institutions said they needed more time to weigh in on issues such as how they use artificial intelligence for fraud prevention and underwriting.
May 17 -
During the pandemic-induced lockdowns, the Federal Reserve loosened a rule requiring banks to cap certain savings withdrawals at six per month. Some banks have since dropped ceilings and associated fees, while others have stood pat.
May 17 -
Silvergate Bank CEO Alan Lane, former HSBC executive Stuart Levey and experts at Anchorage Bank are helping Facebook make its digital currency more palatable to regulators and potential bank partners.
May 17 -
The Amsterdam bank offers to directly credit a small business's invoices early after a vetting process — but before the invoice is paid.
May 17 -
American Express has created a path for PayPal to immediately accept digital versions of consumer credit cards as soon as the cards are approved.
May 17 -
American State would be the largest bank buyout for Equity, which has acquired 17 banks since 2003.
May 17 -
Pine Labs has raised $285 million in its latest funding round, including participation from Singapore’s sovereign fund Temasek, to continue its geographic and product expansion.
May 17 -
Dean Marchessault will be succeeded by Senior Vice President Howard Brady at the East Hartford, Connecticut, credit union.
May 17 -
The company said it will increase access to affordable products, expand financial-education offerings and launch a National Unbanked Advisory Task Force.
May 17 -
Ride-hailing and payments giant Gojek agreed to combine with e-commerce pioneer PT Tokopedia to create the largest internet company in Indonesia, before seeking a stock-market debut at home and in the U.S.
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