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Some customer fraud and a lack of cooperation from partners Huntington Bank and Dwolla prevented Beam Financial from returning funds to savers, says Aaron Du, the fintech's CEO. He says he’s trying to make things right, but Huntington and Dwolla are taking the dispute to court.
November 4
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Referendums that legalized marijuana and sports wagering in several states could incentivize banks to do business with companies in these sectors. Payday loan and privacy measures that passed Tuesday also have implications for the industry.
November 4
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The Pittsburgh-based institution can now serve more than a dozen municipalities in the Keystone State.
November 4
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The agency said customers of SMART Payment Plan LLC could receive up to $7.5 million for statements that created a false impression about the service used for auto loans, but in a twist the bureau said it may pay most of the restitution.
November 4
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Wells Fargo, JPMorgan Chase and others cut back on 7(a) lending to focus on originating Paycheck Protection Program loans. Smaller banks such as Live Oak and Byline gained market share by targeting niche industries and originating bigger loans.
November 3
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Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.
November 3
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The two banks are among those deploying advanced analytics to give customers advice before they may even know they need it.
November 3
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Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.
November 3 -
A new service from NCR aims to reduce surface transmission of the coronavirus through the application of an antimicrobial cleaning product that kills germs.
November 3 -
A deal bringing Charleston County Teachers Federal Credit Union into the fold is South Carolina Federal’s third acquisition of 2020.
November 3
