-
Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law.
October 7
-
The information you need to start your day, from PaymentsSource and around the web. Today: Paytm extends wireless; Tim Cook takes a veiled shot at Libra; European regulators warn banks on AML; Ohio shuts crypto tax payment site.
October 7
-
Even with fee revenue already down, Oregon-based Providence FCU has cut its overdraft fees by half. Some analysts say the move could pay off if the economy goes south.
October 7
-
Crooks can impersonate IRS officials, tricking people into using gift cards to pay for a fake penalty, says Chargeback 911’s Monica Eaton-Cardone.
October 7
Chargebacks911 -
Canada is often at the forefront of payments innovation, with active fintech hubs and a national initiative to restructure the country’s transaction system for e-commerce. Yet outdated attitudes about identity risk linger, showing how hard it will be to achieve global digital ID at scale.
October 7
-
A combination of mutual and clashing interests has driven many players — big banks, community banks, credit unions and fintechs — to offer high-interest, digital-only savings and checking.
October 6
-
Facebook's Libra cryptocurrency project has lost its first major ally. PayPal — where the head of Facebook's Libra project once served as president — has cut its ties. As a founding member, PayPal was expected to drive the payment-specific part of the cryptocurrency initiative.
October 4
-
The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.
October 4
-
Many community banks are launching digital banks, more aggressively courting younger customers and abandoning the idea that only primary banking relationships are worthwhile.
October 4
-
With David Lucas retiring in November after nine years, industry veteran Edward Fox took the reins earlier this week.
October 4
