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Aneel Delawalla, managing director at Accenture, offers advice on how bank CFOs can carve out more time for strategic planning, as demands from regulators and investors increase.
June 8
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Fintech firms and banks should collaborate on using alternative data sources to qualify more borrowers for small-dollar loans.
June 8
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The FTC's annual report on enforcement actions involving the Electronic Fund Transfer Act, the Truth in Lending Act and the Consumer Leasing Act highlights seven new or ongoing cases involving EFTA issues in 2015.
June 8 -
Illinois owes $3 million to the FBI for processing fingerprints and conducting background checks for professional licenses and permits. The debt is old enough that it could be turned over to the federal government's collection agency - the Treasury Department.
June 8 -
Without the Consumer Financial Protection Bureau setting specific debt collection guidelines including what technology agencies can use the industry will continue a practice that harms consumers: lawsuits.
June 8
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Most banks will be content to let the rate chasers walk if CD rates rise, but they'll still need to hike payouts if they hope to keep pace with the competitors. Question is, how far will they go to retain their best customers?
June 7
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Sen. Dick Durbin, D-Ill., wrote to Visa on Tuesday to denounce an alleged new fee assessed by the company on credit and debit card issuers that see their business shift to a competing card network.
June 7 -
LendingClub abruptly adjourned its annual shareholder meeting Tuesday, saying it wasn't ready to address investors after a leadership shakeup last month. It also overhauled criteria for the consumer loans it arranges online.
June 7 -
Bank of America will move its mortgage servicing back onto Black Knight Financial Services' LoanSphere MSP servicing system of record.
June 7 -
LendingClub, under pressure to bolster investor confidence in the loans it arranges online, is boosting interest rates and tightening criteria for borrowers to qualify.
June 7
