PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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The Michigan City company, part of a growing list of banks announcing similar overhauls, aims to sell nearly $400 million of securities and reinvest the proceeds in higher-yielding loans.
December 14
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A Connecticut-based couple sued the bank and Cavanaugh Appraisals, LLC for denying them a refinance in 2021 because of racial bias.
December 14
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The world's largest credit union reported a 5% increase in total loans in the third quarter while lending at the largest banks was almost stagnant. However, the Vienna, Virginia, institution's charge-offs also jumped significantly.
December 14
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Xu Guojun, a former local branch head at Bank of China, was handed a life sentence over one of the Asian nation's biggest bank frauds.
December 14
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The Fed's announcement is responsible for a 19 basis point drop in the 10-year yield over a two-day period, pushing the 30-year fixed under 7% for the first time since August, Freddie Mac said.
December 14
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Alanna Abreu is a principal at
UHY . She has years of audit and advisory experience with a concentration in federal acquisition regulation and employee benefit plan audits. She specializes in multiple industries, including professional services, manufacturing, construction, and not-for-profit. She has extensive experience completing assessments for client internal controls, accounting systems, efficiency reviews and more. Her software experience includes Oracle NetSuite, Oracle, QuickBooks Desktop (Pro, Premier, Enterprise), QuickBooks Online (Plus, Advance for Contractors), Deltek Visions, Sage and PeopleSoft. She is a Certified Design Accountant and Oracle NetSuite Certified Financial User. She also holds Cybersecurity Advisory Services Certification and Cybersecurity Practical Application Certification.December 14
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The industry needs to get to a 4-to-1 ratio of clean energy versus fossil-fuel financing. At the end of last year, it was 0.73 to 1— little changed from 2021.
December 14
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The Swedish payment company is using generative artificial intelligence to make its human workforce more efficient — but also expects the technology to fill in for roles it loses to attrition.
December 14
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Under the Corporate Sustainability Due Diligence Directive, large companies face civil liability for environmental and human rights violations in their value chains. According to the compromise announced on Thursday, the financial sector will be temporarily excluded from the scope of the directive.
December 14
