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Marcus and Upstart are two companies that got high marks for customer satisfaction from J.D. Power but rely on digital methods to reach and underwrite borrowers.
September 1 - PSO content
Many BNPL lenders can credit their meteoric rise to the unique circumstances of the pandemic. As their market shifts, these companies are forced to find new avenues of growth under the increased scrutiny of the Consumer Financial Protection Bureau.
September 1 -
The payments subsidiary of U.S. Bank's is taking a new approach that it says can address the expense of setting up a new business.
September 1 -
The institution took the lead spot in American Banker's annual ranking of Best Credit Unions to Work For in part by giving employees freedom and flexibility in how they do their jobs.
September 1 -
Banks have shuttered their branches in droves, with Bank of America and Wells Fargo leading the pack over the past year. However, increased regulatory focus on banking services in lower-income areas makes downsizing more difficult now.
August 31 -
The state Supreme Court heard oral arguments in a lawsuit involving one of the nation's largest debt buyers. At issue is how much detail the industry must disclose about what consumers allegedly owe.
August 31 -
The Federal Reserve will roll out its much-anticipated instant payments system, known as FedNow, in the middle of next year. Yet many questions remain about who it will serve, how it will work and how quickly community banks will buy in to it.
August 31 -
Customers can use the company's application programming interfaces to set up automatic bill payments and donations, block transactions that would break their budget, and more.
August 31 -
The Charlotte, North Carolina, bank is one of several that have embedded automated investing in their online and mobile banking, alongside access to human advisors.
August 31 -
Small business' concerns over cash flow and billing cycles are pushing bank competitors like Resolve and Ramp to offer short-term products that bear a resemblance to installment lending.
August 31 -
Merely telling employees what to do may get the job done, but telling them why they're doing it fuels engagement.
August 31
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New policies, aided by partnerships with local organizations, are helping credit unions make significant progress on DEI.
August 31 -
The acquisition of Central Financial, expected to close in the first quarter of 2023, would create a bank with more than $10 billion of assets.
August 31 -
Since last year, banks have sharply reduced what they charge when consumers spend more money than they have, according to new research. Monthly maintenance charges and fees for using out-of-network ATMs have remained much more stable.
August 31 -
BofA has launched two programs, one focused on increasing homeownership for Black and Hispanic Americans, and the other on small businesses owned by women and minorities that buy commercial real estate in federal opportunity zones.
August 30 -
The banking and payment services company hopes to attract young talent.
August 30 - AB - Technology
After a decade of multibillion-dollar tech investments by banks, efficiency ratios have begun to improve and headcounts drop, some industry watchers say. Skeptics counter that other reasons are at play and that it's all hard to measure.
August 30 -
The hotel franchise can now integrate directly with U.S. employers for invoicing and payment, allowing it to bundle multiple stays and reduce overall costs of managing card acceptance.
August 30 -
Meg Carpenter, founder and CEO of FiComm partners, discusses the difficulties RIAs have in marketing themselves, the ways in which these entrepreneurs can build on their strengths to reach clients, and how to harness technology to boost their own profiles.
August 30 -
Sumitomo Mitsui Banking Corp.'s new consumer-focused digital bank will be born out of its Manufacturers Bank subsidiary — a relatively small commercial bank with nine branches and no consumer business to speak of.
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