PayThink 2018 Direct Page

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 Federal Reserve Board governor said secular increases to the currency supply limits how much the central bank can shrink its holdings.

    May 24
    Federal Reserve Board Governor Christopher Waller
  • Pro-union workers at a Wells call center allege that supervisors repeatedly tore down flyers, violating their right to organize. The bank said it refuses to "tolerate retaliation of any kind."

    May 24
    Outside a Wells Fargo branch.
  • Bank of Montreal and Bank of Nova Scotia increased provisions for loan losses in their fiscal second quarters amid a macroeconomic outlook that's continuing to darken.

    May 24
    BMO-SCOTIABANK-DIPTYCH-052423
  • The beleaguered bank said it is selling 74 loans totaling about $2.6 billion to a subsidiary of Kennedy-Wilson Holdings. The move is part of a plan to pursue strategic asset sales, trim expenses and shore up its balance sheet.

    May 24
    PacWest
  • The fintech startup Renaud Laplanche launched seven years ago now works with 200 banks and offers personal loans and a combination debit and credit card. Up next: a secured card that gradually turns into a regular credit card.

    May 24
    Renaud Laplanche Upgrade
  • Tim Long is a Managing Director in Financial Services. He has deep knowledge of financial services regulation with hands on experience in all bank supervision and policy related matters. He retired from the OCC after a 31 year career in which he oversaw virtually all of the agency’s bank supervision and policy units. He has extensive experience in large and complex bank supervision, regional financial institutions and community banking. In his most recent role with the OCC, Tim served as Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner. He was a key advisor to the Comptroller and a member of the OCC’s Executive Committee. Tim was also a key advisor to the U.S. Department of the Treasury during the recent financial crisis. He served as the Regulatory Council chair of the Troubled Asset Relief Program (TARP) Capital Purchase Program and was a member of the Financial Stability Oversight Council Deputies Committee created under the Dodd-Frank Act. Earlier in his tenure with the OCC, Tim also held the positions of Senior Deputy Comptroller for Midsize/Community Bank Supervision and Deputy Comptroller for Large Bank Supervision, and was the examiner-in-charge of several large, complex national banks.

    May 24
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  • Don Powell is the former chairman of the Federal Deposit Insurance Corporation, and a longtime bank CEO.

    May 24
  • Kevin Abramson is president of Cover Whale, a leading commercial-trucking insurer and fast-growing insurtech.

    With more than two decades of underwriting and management experience in the insurance industry, including at Gen Re, Swiss Re and TigerRisk Partners, Abramson prioritizes using technology to address risk and make the world safer. At Cover Whale, his focus is on establishing and executing the company's go-to-market strategy, as well as building internal culture, attracting best-in-class talent and managing relationships with investors, partners, carriers and policyholders.

    Abramson holds a Bachelor of Science degree from Villanova University and an MBA from the Wharton School of the University of Pennsylvania.

    May 24
  • Because the youth account must be tied to a parent or guardian, it guarantees that an adult must also sign up — or keep active an account they may have left unused.

    May 24
    Mobile phone with Venmo app open
  • Two years after Illinois became one of several states to pass their own version of the federal Community Reinvestment Act, credit unions and banks continue to fight over whether the law is necessary and how strict the corresponding regulations should be.

    May 24
    ILLINOIS-STATE-CAPITAL-BUILDING-ADOBE