Consumer banking
Consumer banking
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The drop is likely from both a decline in consumer demand and lenders becoming more cautious, according to CompareCards.
May 22 -
When a bank subscriber to Sure Profile pulls a credit report on an applicant for a loan or account, Experian will check to see if the identity data matches a real person.
May 22 -
Customers normally receive debit and credit cards inside a branch. Now banks are shifting the process to their drive-throughs and finding alternative ways for cardholders to key in their PINs.
May 21 -
The company, the product of a big merger shortly before the outbreak, had to build portals on the fly, help many customers shift to mobile and accomplish in days tasks that once took months, its digital chief says.
May 21 -
The Office of the Comptroller of the Currency watered down numeric metrics that some groups blasted and allowed more institutions to opt out of the new regime. But whether the agency has won over any detractors remains to be seen.
May 20 -
The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered.
May 20 -
The sellers will continue to service the loans and retain the fees they receive from the Small Business Administration.
May 20 -
Recent tweaks to Reg D have blurred the line between checking and savings accounts, opening up the possibility for new innovation in those products.
May 20 -
Lenders are scrambling to pause ranchers’ loan payments as meat processing plant shutdowns during the pandemic threaten $25 billion in losses for the livestock industry.
May 19 -
The final regulation will significantly revise a December proposal, responding to concerns from stakeholders. Meanwhile, in a surprising move, the regulator who had championed the reforms is expected to resign this week.
May 19 -
The Texas bank is leaning on solutions from Lightico and MANTL to quickly set up accounts and handle loans when customers can’t sign documents in person because of the coronavirus emergency.
May 19 -
Mike Maddox will succeed George Jones on June 1.
May 19 -
Nicolet Bankshares said its lagging stock price would complicate efforts to complete its planned purchase of Commerce Financial.
May 18 -
The order's removal allows the Delaware company to pursue more opportunities in its payments business.
May 18 -
Saul Van Beurden's team is tasked with keeping systems running during the pandemic, including driving equipment to homebound workers. Yet the bank must continue making upgrades demanded by regulators, investing in new technology and recruiting top talent, he says.
May 18 -
After nearly two decades with the company, Hanisch is the longest-serving member of the executive team at CO-OP Financial Services.
May 18 -
Bracing for a prolonged economic slowdown, many community bankers say they are considering a number of belt-tightening measures, including freezing salaries and delaying investments in technology and product development, according to a survey by Promontory Interfinancial Group.
May 18 -
Operation HOPE Chief Executive John Hope Bryant talks about how the Community Reinvestment Act influenced him at the age of 9 and eventually led to the founding of his nonprofit, which works with banks to help communities in need. But he says the 1977 law is outdated.
May 18 -
Complaints to the CFPB hit an all-time high, with mortgage servicers getting much of the fire; Frank Bisignano details his priorities as Fiserv’s new CEO; lenders worry they could be stuck with billions in Paycheck Protection Program loans; and more from this week’s most-read stories.
May 15 -
The agreement comes a day after Axos Financial warned that H&R Block was ending their six-year-old partnership.
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