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Politicians' grand plans to reform the college funding process won't come to fruition anytime soon, so credit unions shouldn't ignore the opportunties presented by student lending.
November 8
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The two previously worked at BNY Mellon in similar roles, Scharf as CEO and Daley as head of public affairs; Michael Johnson’s demotion follows the bank’s massive data breach in July.
November 8
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UPI surpasses cards in India; Rapyd finds partners in Singapore; and other information you need to start your day, from PaymentsSource and around the web.
November 8
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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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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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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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Consumer identities are becoming increasingly digital and more prone to privacy risks. Lawmakers cannot sit idle.
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
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Google Pay gets larger in India; Visa gets a new HQ; and other information you need to start your day, from PaymentsSource and around the web.
November 7
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The National Credit Union Administration approved a rule expanding institutions' access to nonmember deposits, but observers say it's unlikely to lead to a massive influx of new funding – at least for now.
November 7
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While layoffs at big banks get the headlines, small and midsize lenders are also trimming payrolls in response to lower rates and fears that a recession is getting closer.
November 6
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Plug-in to the second installment of the “Consumer Credit Podcast Series” with guest Kevin Yuann, general manager of NerdWallet, one of the country’s leading personal finance websites. Hosted by Daniel Wolfe, Editor-in Chief, PaymentsSource.A Consumer Credit Podcast
November 6
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At a forum convened by the CFPB, several bank and fintech executives argued that long-delayed rules required under the Dodd-Frank Act can help fight discrimination and shine a light on unsavory practices in the market for small-business credit.
November 6
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The FDIC ordered the Seattle bank to pay a nearly $1.4 million fine tied to improper agreements with real estate brokers and homebuilders.
November 6
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Whitefish Credit Union has surpassed $1.5 billion in total assets thanks to growth in consumer loans brought on by an increased digital marketing presence.
November 6
