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The Community Reinvestment Act can lower — not increase — bank credit availability in some low-income regions, and the OCC should reconsider holding fintechs to the same standards with its new charter.
August 16
Pepper Hamilton -
Wyre has entered into a definitive agreement to sell the majority of its retail money transfer business to WorldFirst, giving the seller a chance to focus more on its cryptocurrency strategy.
August 16 -
CEO Nandita Bakhshi explains how the bank is investing in renewable energy, female entrepreneurs and underserved consumers.
August 16 -
Zelle is working on ways to ensure that customers can safely pay small businesses as well.
August 16 -
The board chair for CoastHills Credit Union says a wrongful termination suit by ousted CEO Jeff York is full of "false allegations," and that the credit union acted in the "best interests" of members.
August 16 -
The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.
August 16 -
The information you need to start your day, from PaymentsSource and around the Web. Square improves chip payment time; Ant pursues emerging markets in Africa; Pabst Blue Ribbon intros a card; CBA pushes small biz payments.
August 16 -
Happy Money and Arcus have joined a pack of fintechs and online lenders urging customers to forgo expensive credit card debt, in this case calling it a "sad spend."
August 16 -
It almost seems counterintuitive that a health savings account would be so attractive that it could actually be used as a marketing tool to recruit prospective employees and retain existing ones.
August 16 -
Brim Financial is the only non-bank or credit union to have an issuer licence from Mastercard Canada. Unlike other countries, Canada doesn't require credit card issuers to have bank licenses or bank sponsors.
August 16









