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Tech giants have been experimenting with blockchain technologies for years, and while they haven’t displaced banks, there’s still cause for concern.
March 5
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U.S. credit card debt hit $870 billion — the largest amount ever — as of Dec. 31, according to data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.
March 5
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The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.
March 4
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Add the Alabama company to the list of lenders that are disappointed in the returns on loans made through car dealers and their inability to build broader relationships with those borrowers.
March 4
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Credit unions are getting better at using data analytics to pitch loan refinancing options to members, though there are still some pitfalls with the strategy.
March 4
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Several groups have gone public with plans to start a bank since the state enacted a law to make it easier, but none have actually filed with the FDIC.
March 4
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The New Jersey company said the issue, tied to insufficient validation procedures, did not lead to misstated financial results.
March 4
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Fincross, based on the island of Mauritius, is launching a regulated investment bank for digital assets. It faces tough competition.
March 4
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On Sep. 30, 2018. Dollars in thousands.
March 4 -
On Sep. 30, 2018. Dollars in thousands.
March 4
