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Consumer advocates are urging local governments and courts to consider a person’s ability to pay before assessing fines and fees for such infractions as unpaid traffic tickets. Such changes could help low-income households avoid bankruptcy — and perhaps even make them more bankable.
July 5
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Guy Gentile ran a stock brokerage. He spent years running sting operations as an FBI informant. Then, after he was arrested anyway, he beat the charges. Now his plan for his next act — opening a bank in Puerto Rico — is hitting a snag.
July 5 -
Virginia National will set aside up to $950,000 to cover losses after ReliaMax, a firm that issues surety bonds for student loans, was placed into liquidation.
July 5
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Whatever the reason that Plaid, a prominent data aggregator, can no longer access data from Capital One, the situation demonstrates how fragile fintechs are when they lose banking access.
July 5
BankThink -
When bank customers are treated poorly by branch employees, it can damage the relationship even if the specific issue is effectively resolved.
July 5
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More than three decades after American flags stopped being placed at headstones at Fort Snelling National Cemetery, one Twin Cities-area credit union brought the flags back – for more than 200,000 gravesites.
July 5
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A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages.
July 5
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Current CEO Bill Butler will retire in June 2020, at which time COO Christy O’Connell will take the helm.
July 5
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The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues.
July 5
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The information you need to start your day, from PaymentsSource and around the Web: Paytm's Bollywood ambitions, Dubai turns to the Pays, new companies in the regulatory sandbox, and more.
July 5
