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If the Fed's new service doesn't effectively prevent existing types of fraud, we might even see fraud increase thanks to the instant payments concept, says Chargeback 911's Monica Eaton-Cardone.
November 8
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The veteran banker succeeded Randy Sims, who recently retired. Sims had been the Arkansas company's CEO since replacing Allison in 2009.
November 7
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Washington Trust warned that it could lose $3 million in annual revenue after two top advisers left to join a brokerage firm. Other banks are facing similar hits.
November 7
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Readers react to Sen. Warren's call for banks to fund her Medicare plan, a proposal requiring big-bank CEOs to testify before Congress, federal regulators lacking Trump appointees on their board and more.
November 7
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If the no-premium agreement announced by First Horizon and Iberiabank this week is a sign that sellers’ asking prices will come down, then Regions might reconsider its anti-M&A stance, a company executive said.
November 7
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The Honolulu-based credit union saw a nearly 7% increase in new members, thanks in part to an expanded branch presence in West Oahu.
November 7
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The regulator’s inaugural event on equity and inclusion highlighted the personal and professional but also veered into addressing hurdles credit unions face regarding this issue.
November 7
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A new partnership will let some community banks and credit unions roll out robo-advice platforms without a significant investment of their own.
November 7
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A proposal to revise how the agency calculates the restrictions for less than well-capitalized banks relies on faulty methodology and ignores competition from fintechs and credit unions, according to the industry.
November 7
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Mastercard has formed a strategic partnership with Tappy Technologies, a Hong Kong-based internet of things firm, to develop designer branded contactless payments-enabled wearables, starting with Timex.
November 7
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Square Cash generates a lot of revenue – and the road to Square’s success is the Cash P2P app, along with Seller tools, as its two curated ecosystems that are cross-selling their way to profitability.
November 7
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Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.
November 7
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Chief Executive Officer Charlie Scharf plans to name Bill Daley, the former White House chief of staff, to a senior post to improve relations with authorities in Washington, according to people with knowledge of the plan.
November 7
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A week after U.K. fintech Curve announced its integration with Samsung Pay, it is doing the same with Google Pay in a move that will allow its users to link all of their bank cards to Google's mobile wallet.
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Margaret Hunnicutt, the institution's current former CFO and currenet CEO, will retire in January and be succeeded by the credit union's current chief financial officer.
November 7
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Credit unions recently made new hires and promoted employees in areas such as human resources, finance and membership development.
November 7
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Clear communication is critical when banks undergo a leadership or operational change.
November 7
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More details have surfaced about Interactive Brokers' planned bank. It would accept deposits and originate loans through an online channel only, its application says.
November 7
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The credit bureau will consider borrowers’ rental payment history and professional licenses; bank looks to build business on the other side of the Atlantic.
November 7
