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Why coins are scarce and what the government and banks are doing about it; Congress wants to extend PPP, but lenders are ready to move on; predicting which fintechs can survive the pandemic; and more from this week's most-read stories.
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Two credit unions' approaches to digital banking helped them provide superior member service as the coronavirus limited in-branch interactions.
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The Nashville bank had sued Gaylon Lawrence in 2017 over allegations that he was pursuing an illegal takeover, but the two sides announced terms of a settlement.
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The slowdown in elective medical procedures caused by the coronavirus pandemic led to less spending from HSAs and a decline in interchange income for the Connecticut bank.
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The legislation, which has yet to pass the House, is meant to ensure coronavirus relief funds go to consumers and are not diverted to debt collectors.
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Credit Union of Texas, based near Dallas, is believed to be one of the first in the industry to debut this perk.
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With the coronavirus pandemic intensifying and hopes for a quick economic recovery fading, banks large and small are reducing headcounts, shuttering branches, shedding office space and generally trying to trim expenses wherever they can.
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Nobody likes making errors or admitting they make them, but they are a fact of life when you’re sending payments, says Nvoicepay's Deirdre Christensen.
July 24
Nvoicepay, a Fleetcor company. -
Three months ago, Stephen Squeri, the chairman and CEO of American Express, declared a global "economic free fall" due to the coronavirus. Its second-quarter earnings show how far a fall it has been.
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British Airways owner IAG SA renewed an air-miles deal with credit-card giant American Express Co., swelling the group’s coffers as the coronavirus crisis weighs on travel demand.
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