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The industry cheered the bureau’s proposed repeal of its ability-to-repay requirement, but another part of the rule — on account debit restrictions — was left intact, and some companies aren’t ready to comply.
March 4 - Banking brands
The banks have no choice but to pick a new name, marketing experts say, but good luck: The best ones may already be taken, made-up names can sound forced, and any change might nudge more customers to rethink their loyalties.
March 4 -
Add the Alabama company to the list of lenders that are disappointed in the returns on loans made through car dealers and their inability to build broader relationships with those borrowers.
March 4 -
Maria Teresa Tejada joined the bank Monday as chief strategic enterprise risk officer.
March 4 -
Credit unions are getting better at using data analytics to pitch loan refinancing options to members, though there are still some pitfalls with the strategy.
March 4 -
Following a congressional mandate, the consumer bureau solicited public feedback on Property Assessed Clean Energy loans, which have been deemed risky by the Federal Housing Administration.
March 4 -
Donald Finn began his credit union career in 1964 by working as a loan officer for a Michigan institution.
March 4 -
Several groups have gone public with plans to start a bank since the state enacted a law to make it easier, but none have actually filed with the FDIC.
March 4 -
Coinbase, one of the best-known U.S. cryptocurrency exchanges, is facing a backlash after purchasing a company whose executives have been tied to an Italian firm accused of selling spyware to repressive governments.
March 4 -
Wirecard and Cimple Marketing have teamed with Estonia-based cruise ship operator Tallink Grupp to enable shops on its 14 vessels to accept China’s top three payment options.
March 4 -
The New Jersey company said the issue, tied to insufficient validation procedures, did not lead to misstated financial results.
March 4 -
Credit unions are honoring veterans, helping their local schools and encouraging their employees to live a healthy lifestyle.
March 4 -
Fincross, based on the island of Mauritius, is launching a regulated investment bank for digital assets. It faces tough competition.
March 4 -
Entrepreneurs in the digital-assets industry say that even as some attract investment from multibillion-dollar institutions, they are routinely refused basic banking services by the likes of HSBC and JPMorgan Chase.
March 4 -
FASB this week is also expected to discuss credit loss standards while a House subcommittee will discuss student borrowers and loan servicing, and more.
March 4 -
Canadian cross-border payment provider SnapPay is expanding its two-year partnership with China's Ant Financial to bring the Alipay app to the country's FoodyMart grocery chain.
March 4 -
Many fintech startups are working to streamline various aspects of payment acceptance for global online merchants, and Modo wants to give those merchants more control over the payment service processors they use.
March 4 -
Universities are starting to offer courses in bitcoin and other cryptocurrency skills, and that's just the start, according to David Uhryniak, blockchain services leader at Crowe LLP, and Brian T. Zygmunt, a partner at Crowe LLP.
March 4
Crowe LLP -
On Sep. 30, 2018. Dollars in thousands.
March 4 -
The bank-run Zelle P2P network was designed without the social media-esque touches that made Venmo a hit among millennials. And as one might expect, half of all new P2P users are 45 and older.
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