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Recent history shows how dangerous these short-term products can be without appropriate guidelines in place.
March 8
The Center for Responsible Lending -
The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers.
March 8
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SIFMA approval could bring new competitors and housing finance reform; number of applications rose but amount borrowed still lags other firms.
March 8
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The information you need to start your day, from PaymentsSource and around the Web. Today: EU provides some Brexit relief for payment companies; Knowledge of crypto lags in the U.K.; Jumio expands in Latin America; Sinemia changes its payment policy.
March 8
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Readers consider Square's bid to become an industrial loan company, weigh the Federal Deposit Insurance Corp.'s oversight of brokered deposits and debate reforms to the Consumer Financial Protection Bureau.
March 7
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The bank will fund community development financial institutions that lend to women-owned businesses backed by the fashion designer's foundation.
March 7
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Its move into new states will allow the nation’s largest bank to pursue the loan and deposit business of more state and local governments.
March 7
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John Quill, a former deputy comptroller, had a key role deciding which banks could participate in the Troubled Asset Relief Program.
March 7
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In the face of tough questioning from House members, CFPB Director Kathy Kraninger appeared mostly unfazed and tried to strike a balance between heeding concerns about the agency’s power and supporting its mission to help consumers.
March 7
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The lab works with more than 200 data scientists to create access to affordable credit and help financial firms match products to customers, the company says.
March 7
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The National Credit Union Administration will return the money to credit unions after having lowered the agency's normal operating level last year.
March 7
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Valley Bank spent millions on bank acquisitions under its previous CEO. Its new leader has taken a markedly different approach.
March 7
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Control breakdowns and poor governance can affect fintech partnerships of all types, whether lending, payments, deposit-taking, wealth management, or insurance activities,according to Cliff Stanford, a partner in Alston & Bird's Financial Services and Products Group.
March 7
Alston & Bird -
Criminals are inventing new ways to hide dirty money amid transactions for digital goods bought and sold on everything from Amazon to game-app sites. Banks need to wake up to the threat, says Ben Duranske, Facebook Payments' former compliance chief.
March 7
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The CUSO will work with AffirmX, which provides compliance and risk management offerings, on product development.
March 7
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Banks thrive when they invest in their workers as opposed to obsessively tracking the strategies of rival institutions.
March 7
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Pacific Mercantile and P2Bi are collaborating on a program to help businesses that are not ready for traditional bank financing.
March 7
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Banks moving past traditional card lending to compete on POS; ; five board members plan to leave before the bank’s May meeting.
March 7
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The information you need to start your day, from PaymentsSource and around the Web. Today: Paytm starts premium service; RBI fines banks for Swift violations; U.K. government pressured to protect cash; Google offers perks to watch developer ads.
March 7
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Karen Mills, who led the Small Business Administration from 2009 to 2013, is joining the Eastern Bank spinoff Numerated as an adviser and investor as it tries to bring online-lending technology to community banks.
March 6
