The quick path from concept to unsuccessful conclusion for the plan to link the check image systems to the ACH was partly due to the enormous complexity of the job. More than that, though, it demonstrated once again the difficulty of aligning strategies and tactics for the shifting payments landscape. Resistance to Image-ACH Diversifies Majority Gives a Go-Ahead to ACH Check-Image Plan Skeptics in View, Backers of Image-ACH Reach Out ACH-Image Convergence: Which Rules? For Some, Image-ACH Convergence A Nonstarter A Viewpointe Upgrade, with Eye to ACH-Image Convergence New Project Could Link ACH, Image Networks |
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HoldCo Asset Management alleged in a court filing that Comerica's directors and Chairman and CEO Curt Farmer breached their fiduciary duties to investors, in part because negotiations for the bank's sale to Fifth Third took just 17 days.
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The Consumer Financial Protection Bureau said the new oath was necessary because prior leadership engaged in what it describes as "thuggery" during exams. Former CFPB officials rejected the agency's characterization of past actions.
November 21 -
Regulators officially ended the high-profile enforcement action over the 2020 breach, a move applauded by security leaders fearing personal liability.
November 21 -
A recent $450 million loan is par for the course at Beal Bank USA, which has developed a reputation for seeking out nine-figure loans backed by tangible property.
November 21 -
Saul Van Beurden, Wells Fargo's consumer banking CEO and former head of technology, will lead the way on harnessing artificial intelligence.
November 21 -
The Montreal-based bank brought its earned media value up to $1 million by building an internal system for employees to share social posts about BMO.
November 21





