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Category: Capital and Risk


Capital and Risk, Credit

Credit unions should expect increased supervision from NCUA on overdraft/NSF fees, vendor risk, and fair lending

February 9, 2024

Via: JD Supra

On February 6, 2024, National Credit Union Administration (NCUA) Chairman Todd M. Harper spoke at a Brookings Institution event to outline his regulatory agenda and supervisory priorities for 2024. His prepared remarks addressed the 90th Anniversary of the Federal Credit […]


Activity, Capital and Risk, Corporate Banking, Credit

SellersFi, Amazon team up to offer up to $10M in credit lines

January 31, 2024

Via: Banking Dive

SellersFi, a global e-commerce financing and financial services company, is partnering with Amazon Lending to offer eligible sellers credit lines of up to $10 million, the companies announced Tuesday. CEO and co-founder Ricardo Pero said the credit lines are targeting […]


Capital and Risk, Credit

BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit

January 31, 2024

Via: FinTech Futures

The facility builds upon a previous $250 million debt facility the fintech landed with Credit Suisse and Waterfall Asset Management in December 2022. Founded in 2016 and based in Los Angeles, USA, Sunbit provides a buy now, pay later (BNPL) […]


Capital and Risk, Macroeconomic

Euro (EUR/USD) Pares Recent Losses After German and Euro Area Q4 GDP Releases

January 30, 2024

Via: DailyFX

The German economy missed slipping into a technical recession by the smallest of margins after the country’s Q3 GDP was upgraded to flat from -0.1%. The first look at German Q4 GDP came in line with market forecasts at -0.3%. […]


Capital and Risk, Insurance

Reforms to US Disaster Aid Expose Growing Home Insurance Gap

January 29, 2024

Via: Insurance Journal

When disaster hits in the US, the federal government gives aid to states and counties, but also to individuals. In 2022, the Federal Emergency Management Agency delivered $3.25 billion to nearly 1.4 million households recovering from damaging floods and fires. […]


Capital and Risk, Insurance

Amazon Pulls Plug on UK Home Insurance Venture

January 25, 2024

Via: Insurance Journal

Amazon has pulled the plug on its UK home insurance venture – a comparison website – after launching in October 2022. “Over the last year, we have been evaluating various businesses and programs, and as a part of that we’ve […]


Capital and Risk, Macroeconomic

USD/CAD Latest After BoC Makes Dovish Shift, Price Pressures Remain

January 25, 2024

Via: DailyFX

Yesterday the Bank of Canada (BoC) kept rates unchanged in line with broad expectations. However, the bank did signal that interest rates have peaked via a change in the wording of the January 24th statement. The committee decided to move […]


Capital and Risk, Credit

Credit card delinquencies rise, especially for low-income earners

January 24, 2024

Via: Payments Dive

The Fed’s report documented the financial squeeze that creditors, especially low-income consumers, were experiencing in recent years, due to rent, auto and credit card payments. More than half of low-income (57%) and moderate-income (53%) consumers were rent-burdened in 2021, meaning […]


Capital and Risk, Liquidity

US Dollar Forecast – Technical Analysis on EUR/USD, USD/JPY, USD/CAD

January 23, 2024

Via: DailyFX

EUR/USD has been moving lower this week, but has so far managed to hold above its 200-day simple moving average near 1.0840. For sentiment around the euro to improve, the bulls have to protect this floor at all costs; failure […]


Capital and Risk, Insurance

Are Florida Insurance Premiums Hurting the Real Estate Market? Sales Down, Prices Up

January 22, 2024

Via: Insurance Journal

State and national news reports have raised questions about the impact that high property insurance premiums in Florida have had on the real estate market and if the costs are prompting some residents to consider moving elsewhere. The Miami Herald […]


Capital and Risk, Operational

FedNow draws some banks, as others lag

January 19, 2024

Via: Banking Dive

The Federal Reserve has made headway in adding banks to its new FedNow system, with a tally of 400 participating financial institutions, but some of the biggest U.S. banks are still on the sidelines six months after the instant payments […]


Capital and Risk, Insurance

Majority of Underwriters Predict Cyber Risks Grow ‘Greatly’ in 2024: Survey

January 18, 2024

Via: Insurance Journal

Underwriters who thought the growing cyber risk landscape of the past several years would level off soon might want to think again. Woodruff Sawyer’s annual survey of cyber insurance carriers found all underwriters surveyed believe cyber risk will increase in […]


Capital and Risk, Insurance, Regulations

Fla. Senate Panel Votes to Raise Citizens’ Policy Cap to $1M, End Glidepath for Some

January 17, 2024

Via: Insurance Journal

The Florida Senate’s Banking and Insurance Committee on Tuesday approved a bill that would make the state-backed Citizens Property Insurance Corp. more like an insurer of last resort, unrestricted by premium caps – at least for some expensive homes in […]


Capital and Risk, Credit

CFPB proposal would cut overdraft fees as low as $3

January 17, 2024

Via: Banking Dive

A rule proposed Wednesday by the Consumer Financial Protection Bureau could reduce — to between $3 and $14 — the overdraft fees charged by banks with more than $10 billion in assets. Under the proposed rule, banks would classify overdraft […]


Capital and Risk, Trading

Genesis Global Trading to pay $8M fine, surrender BitLicense

January 16, 2024

Via: Banking Dive

Cryptocurrency trading firm Genesis Global Trading will pay the New York State Department of Financial Services $8 million and surrender its BitLicense to settle allegations it violated the agency’s compliance regulations. Routine examinations and an investigation that followed found that […]


Capital and Risk, Operational

Redwood Capital Bank selects Apiture to power online and mobile banking

January 11, 2024

Via: FinTech Futures

The bank has adopted the Apiture digital banking platform to expand its presence beyond its current communication channels of branch and telephone-based banking, in line with the growing customer preference for digital banking options. Apiture’s cloud-based platform includes five different […]


Capital and Risk, Trading

U.S. Bancorp (USB) Stock Sinks As Market Gains: What You Should Know

January 11, 2024

Via: Yahoo

In the latest market close, U.S. Bancorp (USB) reached $43.40, with a -0.14% movement compared to the previous day. This change lagged the S&P 500’s daily gain of 0.57%. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.75%. […]


Capital and Risk, Insurance

Progressive Files for 19.78% Auto Insurance Rate Increase in West Virginia

January 10, 2024

Via: Insurance Journal

Less than a month after Farmers Direct Insurance filed for a hefty rate increase on West Virginia auto liability policies, Progressive has followed suit with an almost identical request. The West Virginia insurance commissioner posted a bulletin Tuesday, noting that […]


Capital and Risk, Operational

Retail Mortgage Lender loanDepot Struggles With Cyberattack

January 10, 2024

Via: Insurance Journal

The U.S. retail mortgage lender loanDepot is struggling to recover from a cyberattack that impacted its loan processing and phone service. In a filing on Monday with the Securities and Exchange Commission, the company said data was encrypted by the […]


Capital and Risk, Liquidity

Japanese Yen Falls Further On Weaker Wage Data, US CPI In Near-Term Focus

January 10, 2024

Via: DailyFX

The Japanese Yen has fallen back to mid-December’s lows against the US dollar on Wednesday as more weak wage data out of Japan weigh on any idea that tighter monetary policy there could be coming anytime soon. Japanese workers’ real, […]