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First Foundation is relocating its corporate headquarters to Dallas, where the tax burden is lighter and it sees more opportunity to beef up lending, add wealth management clients and pursue acquisitions of community banks.
February 5
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Startups such as Majority, Sable and Simba were created by newcomers to the U.S. who learned firsthand which services, including global remittances and financial education, their audience values most.
February 5
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The inquiry into Venmo's debt collection practices is a taste of what PayPal can expect as it expands to other categories that increasingly face regulatory pressure.
February 5
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The inquiry into Venmo's debt collection practices is a taste of what PayPal can expect as it expands to other categories that increasingly face regulatory pressure.
February 5 -
Acting Director Dave Uejio wrote in a blog post that the Consumer Financial Protection Bureau needs more time to consider rules that were finalized under the Trump administration but have not yet gone into effect.
February 5
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The North Carolina-based credit union is one of a handful in the industry to prioritize diversity, equity and inclusion at the management level.
February 5
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Regulators are right to encourage environmentally responsible lending, but with the transition to a low-carbon economy likely to take decades, they can’t allow banks to cut off lending to polluting firms cold turkey — especially to those making good-faith efforts to lower emissions.
February 5
Bank Policy Institute -
COVID-19 has taken a great deal away from us in the past 12 months, but from a digital payments perspective, it has also opened the doors for new innovation and activity, says Cognizant Softvision's Karla Ch'ien.
February 5
Cognizant Softvision -
Visa and partners fast-tracked the big game's digital overhaul as the pandemic caused a sharp spike in demand for contactless payments.
February 5
- LIBOR
Most major global banks will spend more than $100 million each this year preparing for the end of the discredited Libor rate, according to Ernst & Young.
February 5
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The company did more than $20 billion in in-store volume last year at more than 600,000 merchants; the president is now considering using an executive order to erase the debts.
February 5 -
The onset of COVID-19 forced the industry’s largest trade group to put its Open Your Eyes campaign on hold, but nearly a full year later it’s still struggling for industry buy-in.
February 5
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People are reluctant to use physical point of sale terminals, putting biometrics in the middle of the contactless payment wave, says Fingerprints' Christian Fredrikson.
February 5
Fingerprints -
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Visa and partners fast-tracked the big game's digital overhaul as the pandemic caused a sharp spike in demand for contactless payments.
February 5 -
Banks weren't involved in the trading frenzy, but some observers say the regulatory response should address risks to all financial institutions.
February 4
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To avoid taxes on the divestiture of a commercial lending unit, Woodforest National Bank backed an Alabama redevelopment project through a government program that promotes investment in underserved communities.
February 4
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The enforcement action, which concerned deficiencies in the auto lender’s compliance risk management program, was the last remaining regulatory matter Santander had to resolve.
February 4
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A Greek-led organized crime group that stole more than $14.4 million from U.S. banks has been dismantled in a cross-border operation by three international law enforcement agencies.
February 4 -
American Express is tweaking the rewards on its Gold card as the credit card company strives to hold onto affluent customers.
February 4
