Tag: Customers Bank


US Consumer Financial Protection Bureau fines Bank of America $10m for illegal garnishments

May 12, 2022

Via: FinTech Futures

The CFPB says BofA unlawfully froze customer accounts, charged garnishment fees and “sent payments to creditors based on out-of-state garnishment court orders that should have been processed under the laws and protections of the states where the consumers lived”. Garnishments […]


Customers Bank brings digital asset bankers onboard

January 10, 2022

Via: FinTech Futures

The new hires include professionals across business development, technology, onboarding, payments, BSA (money laundering prevention) and compliance. Customers Bank recruited Robb Layfield as managing director of digital assets and Dan Devine as senior vice president of digital asset product development. […]


Customers Bank plays up ‘fintech-forward’ focus in rebrand

December 16, 2021

Via: Banking Dive

Pennsylvania-based Customers Bank unveiled new branding Thursday, a design the $19 billion-asset lender said is a reflection of its evolution as a technology-focused financial institution. The rebrand, which includes visual changes to the company’s logo, website, mobile app and offices, […]

Activity, Retail Banking

Chime Banking Review: A Summary Of Chime Reviews

October 6, 2021

Via: TechBullion

With a ton of finance companies offering multiple products, it can be daunting to determine which one best suits your personal financial needs. But among the many financial services options available today, Chime has proven to be a popular choice […]


Customers Bank plans blockchain-based payments with Tassat

May 25, 2021

Via: FinTech Futures

Tassat says the partnership will deliver enhanced payments functionality for the bank’s business clients and low-cost core deposit growth for the bankIt has kicked off a national expansion, with offices opened in Florida, Texas, and Illinois According to Tassat, Customers […]

Capital and Risk, Credit, Retail Banking

‘PPP fatigue’ sends lenders to Customers Bank’s white-label service

February 4, 2021

Via: Banking Dive

Amid the Small Business Administration’s rebooted Paycheck Protection Program (PPP), some lenders have turned to Customers Bank’s white-label service to handle PPP loan origination, funding and forgiveness in an attempt to avoid some of the delays and hassles that overwhelmed […]