In|Vest 2018 Direct

The calling off of the TD-First Horizon deal drew the most headlines, but 14 agreements involving the purchase of a bank were canceled last year.

The Consumer Financial Protection Bureau will release a final rule Tuesday that is expected to save consumers $10 billion a year in credit card late fees. The rule is part of a larger effort by the White House to crack down on illegal fees and price hikes that President Biden will address in the State of the Union.

Long Island-based New York Community Bancorp has a large concentration in loans on New York City apartment buildings with rent restrictions. Property values in that sector have tanked amid higher interest rates, inflation and 2019 revisions to state law.

Banco San Juan Internacional is suing the Federal Reserve Bank of New York and the Board of Governors in Washington claiming they wrongfully terminated its access to the federal payments system.

Abhishek Shah, Founder and CEO of Testlify. Under his leadership, Testlify has become a pioneer in leveraging AI for talent assessment, emphasizing the synergy between technology and human insights. His commitment to ethical AI practices and passion for nurturing talent positions him as a thought leader, especially amidst new compliances like the New York AI law.

Eric Woodward is the senior advisor to Socure.

Socure provides digital identity verification and identity fraud prevention. Founded in 2012, the company's mission is to verify 100% of good identities in real time for customers including financial institutions, government agencies and enterprises across all industries.

Prior to Socure, Woodward was engaged in more than a dozen advisory roles — from advising public and private CEOs to senior executives to private equity firms — for digital identity, payments risk and data infrastructure opportunities. Before these advisory positions, Woodward was the group president of Early Warning, a financial institution data consortium, and the parent company of Zelle. During his time at Early Warning, he led the risk services business and initiated the build-out of Zelle's real-time fraud and risk capabilities. Prior to that role, he led the strategy and M&A group at Early Warning.

A large language model detects signs of agent burnout and sends stressed-out employees calming videos created by Ariana Huffington's company Thrive Global.

The bank has also hired some analysts to its infrastructure group over the past several weeks as it plans to beef up its muni team.

The peer-to-peer network moved $219 billion in the final three months of 2023, with scams and fraud accounting for about 0.1% of all volume, according to Early Warning Services, which operates Zelle and is owned by a consortium of banks.