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Dave Uejio, acting director of the Consumer Financial Protection Bureau, promised to protect veterans from predatory loans and to crack down on companies that improperly garnish stimulus checks or mistreat struggling borrowers.
January 28 -
Broadway Financial had hit a plateau and was in search of a successor to its longtime CEO Wayne-Kent Bradshaw. After the Los Angeles company rejected two buyout offers, Bradshaw reconnected with an old friend at CFBanc in Washington.
January 28 -
Come away better prepared for what’s ahead after hearing Satish Kini and David Sewell of Debevoise & Plimpton and Darin Jarrett, Deputy BSA/AML Officer at American Express, in conversation with Bonnie McGeer, Executive Editor of American Banker, as they explore: •How the new administration might change the BSA/AML Act •Are there easy wins in relieving the burden of suspicious activity reports without undermining effectiveness? •New ways that companies are innovating within AML compliance and risk •What banks are doing to drive next-gen efficiency and effectiveness of risk and compliance
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A deal to bring Coulee Dam FCU into the fold will expand the Spokane, Wash.-based credit union's branch network while providing a wider array of technologies to the former CDFCU members.
January 28 -
Barry Orr, who formed FirstBank & Trust of Texas in the 1990s, continued to run the bank after selling it to Heartland Financial USA in 2018.
January 28 -
Walmart’s warehouse unit Sam’s Club is introducing digital features and new rewards tiers to modernize its Synchrony-issued Mastercard.
January 28 -
The Buffalo, N.Y., bank and Railz are working together to analyze accounting data to provide small firms with fresh insight into the health of their operations.
January 28 -
Marcia Fudge told senators that her first priority as secretary would be to assist renters and homeowners struggling financially due to the COVID-19 pandemic.
January 28 -
Organizers have been working raising capital and preparing an application for about four years.
January 28 -
The industry legend turned around a struggling Minneapolis company and even escaped a kidnapping to build the firm that is now the nation’s fifth-largest bank.
January 28 -
Kathleen Bierlein Yancer served the Michigan-based institution for more than 30 years before retiring in 2003.
January 28 -
The pandemic has accelerated the card brand's shift toward providing ancillary services including analytics and dispute resolution.
January 28 -
Compliance is expensive and complicated, though there are some emerging solutions, says Adflex CEO Pat Bermingham.
January 28
Adflex -
The rule, finalized in the waning days of the Trump administration and scheduled to take effect in April, would have punished banks for denying services to certain firms without documented reasons for doing so.
January 28 -
The regulator must rediscover bipartisanship and collaboration while ensuring new regulations don't overstep the Federal Credit Union Act.
January 28
National Credit Union Administration -
The bank’s plans are more ambitious than Goldman’s Marcus bank, which only offers savings accounts; top officials say the Fed won’t pressure banks to avoid lending to certain industries.
January 28 -
Opening up universal payments and authentication methods that feel familiar, for both online and face-to-face transactions, could unlock a world of possibilities when it comes to redefining how businesses engage with consumers, says MYPINPAD's Justin Pike.
January 28
MYPINPAD -
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The application process was a mess in the first rounds of the Paycheck Protection Program. Fintechs say their efforts will make it go smoothly in the latest iteration.
January 28 -
Acquisitions of wealth management, insurance, fintech and other firms are expected to pick up as banks seek new sources of fee income and look to improve digital capabilities.
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