Four reg policy changes to advance financial innovation
Archaic regulatory frameworks are curbing progress in fintech. We must modernize our rules so they address an internet- or mobile-based economy. American Banker: Feed
Category Archives: Uncategorized
U.S. banks brace for possible trade war with Mexico
Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures. American Banker: Feed
Democrats, industry find rare agreement on saving CDFIs
Democrats, financial services industry executives and even Wall Street reformers are speaking out against President Trump’s proposed cuts to the CDFI program. American Banker: Feed
Social marketers refer to their data as ‘kludge’
A new report on the top challenges facing social advertisers reveals that, despite the huge growth in global social ad spend marketers continue to struggle to make intelligent decisions about their investments. BizReport
The Wells Fargo problem has only started for other banks
Banks like TD and U.S. Bancorp are suddenly taking public shots from current and former employees critical of their sales practices, a sign that the industry has not put behind it the questions raised months ago by the phony-accounts scandal at Wells. American Banker: Feed
Judge dismisses CFPB case against payment processor
A district court judge on Friday dealt a blow to the Consumer Financial Protection Bureau by saying the agency failed to present enough facts in its case against Intercept Corp. American Banker: Feed
Why Bank of the West is flaunting its global reach
The San Francisco firm unveiled a new logo that prominently depicts its connection to its longtime owner, BNP Paribas. In doing so, it is wagering that any fallout from negative public perceptions of global megabanks will be outweighed by new opportunities to generate revenue. American Banker: Feed
Canada banks under review on report of high-pressure tactics
The Financial Consumer Agency of Canada will review the business practices of the country’s banks after reports of tellers allegedly pressuring customers to buy products to meet sales goals. American Banker: Feed
Cheat sheet: Radical visions of central bank-issued digital currencies
If the Federal Reserve and other central banks began issuing their own digital currencies, they could benefit consumers, boost the economy and fight financial crime. But not without risks to cybersecurity, individual privacy — and possibly bank profits. American Banker: Feed
Fake bank accounts are rare, but there’s a bigger problem
The Wells Fargo fake accounts scandal is shining such a bright spotlight that more pervasive problems with the industry’s sales practices are getting lost in the shadows. American Banker: Feed