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It all comes down to convenience. New payment apps, like Venmo, and widely adopted mobile wallets, such as Apple Pay and Alipay, have made the consumer payment experience incredibly convenient, writes Ralph Dangelmaier, CEO of BlueSnap.
September 13
BlueSnap -
The New Jersey firm, which made loans to Sept. 11 first responders and pro football players diagnosed with brain injuries, was accused of usury. But a judge threw out the case, ruling that the New York attorney general lacks jurisdiction.
September 12 -
The bank raised its forecasts for profitability and expense reductions, facing down skeptics who have doubted the firm can achieve its financial targets.
September 12 -
Dodd-Frank authorized the council to designate specific nonbanks for tougher supervision, but the Trump administration has signaled support for "activities-based" designations.
September 12 -
BofA Merrill Lynch will extend Apple Pay, Google Pay and Samsung Pay support for business cardholders, covering corporate, commercial and purchasing cards in the U.S.
September 12 -
Credit unions across the mid-Atlantic are bracing for Hurricane Florence, with many closing their doors and not expecting to reopen until next week.
September 12 -
The surge in populist politics that helped fuel President Donald Trump's victory and the rise of progressives on the left wasn't triggered by U.S. policymakers' response to the 2008 financial crisis, said former Federal Reserve Chairman Ben Bernanke.
September 12 -
The interagency council voted in favor of the bank's application to remove its designation, though the practical effect of the decision is muted by the regulatory relief law passed this spring.
September 12 -
Regulators have approved the merger of Vibe and Okland County Credit Unions, which is expected to take effect early next year.
September 12 -
State regulators said Wednesday they will refile a lawsuit against the OCC, attempting to block the agency's new federal bank charter for fintechs.
September 12 -
Some are relying on a national, digital strategy. Others say the right balance of costs and growth comes from more traditional means such as targeted branch openings and out-of-market expansion.
September 12 -
The Federal Housing Finance Agency issued a proposal Wednesday that would require mortgage giants Fannie Mae and Freddie Mac to align their policies on cash flows for current mortgage-backed securities, and eventually for a uniform security when it is implemented next year.
September 12 -
After an attempt to test the service with Postmates years ago, the coffee company is now teaming up with UberEats to test delivery in more than 100 locations in the Miami area.
September 12 -
Kanas, who returned to the banking industry as part of the recapitalization of the failed BankUnited, will relinquish the company's chairmanship at the end of this year.
September 12 -
The JPMorgan Chase leader overshadowed his own community investment event by baiting President Trump.
September 12
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DraftKings has added PayPal as a payment option to its New Jersey Sportsbook, following similar moves from rivals FanDuel Sportsbook, Caesars Sportsbook and SugarHouse Sportsbook.
September 12 -
The Tennessee regional said the sale should boost quarterly profit by $160 million.
September 12 -
By noon, JPMorgan sent out a statement from Chairman and CEO Jamie Dimon, backtracking completely.
September 12 -
By bringing Prime benefits to the movie industry, through discounts or a MoviePass/subscription-based model, Amazon could entice even more users to its loyalty program, writes Tom Caporaso, CEO of Clarus Commerce.
September 12
Clarus Commerce -
U.S. Bank’s announcement that it will begin offering small installment loans could open the door for other financial institutions to offer them as an alternative to pricey payday loans.
September 12
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