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China's decision to stop buying U.S. soybeans and let its currency depreciate raised the prospect of further interest rate cuts. That hurt banks slightly more than the rest of the market on what was a bad day for all equities.
August 5
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Beacon Business Bank hired former Boston Private executive John Delaney as its new leader.
August 5
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Banks have to do a better job of protecting personal information about their customers' children.
August 5
FICO -
Featurespace has formed a partnership with Emailage to combat online application fraud, where criminals use stolen consumer credentials to apply for credit cards or bank accounts in victims’ names.
August 5 -
Rep. Alexandria Ocasio-Cortez and ten others requested information from regulators about whether they have tightened supervision of taxi medallion lending.
August 5
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As part of its justification for developing its own government-backed system, the central bank said that leaving only a single fast network run by big banks constitutes a potential risk to the economy.
August 5
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Though the use of alternative data in lending is seen by some as untested, several fintechs say they couldn't function without it.
August 5
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Year to date Mar. 31, 2019. Dollars in thousands.
August 5 -
The Jacksonville, Fla.-based credit union is the initial investor in PayverisCU, which will help members with financial wellness and money management.
August 5 -
On Mar. 31, 2019. Dollars in thousands.
August 5
