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Tag: finance


Activity, Retail Banking

New York Fed Bank analyzes BNPL usage

February 19, 2024

Via: JD Supra

On February 14, the Federal Reserve Bank of New York (NY Fed) published a blog post evaluating different households’ use of buy now pay later (BNPL) products, which it generally described as “loans that are payable in four or fewer […]


Capital and Risk, Trading

Historic Rate Rise on Track Despite Recession, USD/JPY Contained

February 19, 2024

Via: DailyFX

Markets have not been deterred by the fact that Japan has entered into a recession, still indicating a high probability that the Bank of Japan will vote to hike interest rates by 0.1% to exit its long-standing negative interest rate […]


News

Fortune names U.S. Bank One of the 2024 World’s Most Admired Companies

February 15, 2024

Via: Yahoo

Fortune magazine again recognized U.S. Bank as one of the 2024 World’s Most Admired Companies, naming it No. 1 in the Superregional Banks category for the 14th consecutive year. Within the Superregional Banks industry category, U.S. Bank topped the list […]


Capital and Risk, Credit

2023 Year in Review: Credit Reporting

February 15, 2024

Via: JD Supra

The CFPB’s announcement of a proposed rulemaking to remove medical bills from consumers’ credit reports, as well as the special focus placed on medical debt in its annual report, indicates that reporting medical debt will continue to be a priority. […]


Capital and Risk, Trading

Mining Your Own Business: Tax and Estate Planning with Crypto

February 14, 2024

Via: JD Supra

Cryptocurrency, a digital form of currency that uses cryptography for security, has become a significant part of the global financial landscape. As such, it has also become an important consideration in estate planning. This Dechert OnPoint provides an overview of […]


Regulations

FTC Requires Non-Banking Financial Institutions to Report Data Security Breaches

February 14, 2024

Via: JD Supra

Beginning May 11, 2024, non-banking financial institutions regulated by the Federal Trade Commission (FTC) will be required to submit notifications of data breaches or other security events that impact 500+ consumers. The FTC issued a final rule (the Rule) amending […]


News

US-based Primary Bank appoints Crystal Dionne as new CEO

February 13, 2024

Via: FinTech Futures

Founded in 2000, Ateo specialises in providing post-trade solutions, including post-trade allocation, clearing engine and APIs, for banks, brokers, dealers and the wider trading industry. The French company has been engaged in a partnership with Trading Technologies since November 2022, […]


Capital and Risk, Trading

Trading Technologies branches out into clearing with acquisition of Ateo

February 13, 2024

Via: FinTech Futures

Founded in 2000, Ateo specialises in providing post-trade solutions, including post-trade allocation, clearing engine and APIs, for banks, brokers, dealers and the wider trading industry. The French company has been engaged in a partnership with Trading Technologies since November 2022, […]


Capital and Risk, Trading

11 Best Regional Bank Dividend Stocks to Buy

February 12, 2024

Via: Yahoo

In this article, we discuss 11 best regional bank dividend stocks to buy. You can skip our detailed analysis of the banking sector and its performance last year, and go directly to read 5 Best Regional Bank Dividend Stocks to […]


Activity, Corporate Banking

Bill Holdings, Bank of America revamp contract

February 12, 2024

Via: Banking Dive

Bill Holdings had been planning on increased work from Bank of America, but now that plan is up in the air, the CEO for the bill-pay fintech said last week. Bill, which provides bill pay and other accounting software services […]


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 […]


News

PayPal cost-cutting likely to persist

February 8, 2024

Via: Payments Dive

PayPal’s new management isn’t finished cutting costs in its pursuit of more profitable growth, according to the digital payment company’s new chief financial officer. Chiming in for the first time Wednesday during a presentation of the San Jose-based company’s fourth-quarter […]


Regulations

Reforms to Financial Laws in Administrative Procedure

February 7, 2024

Via: JD Supra

The Decree responds to various criteria issued by Mexico’s Supreme Court of Justice (the “SCJN”), which declared that several financial laws were unconstitutional. These criteria had been leveraged by participants in the financial sector to vacate fines and sanctions. For […]


News

Bank of America expects employee sabbaticals to pay dividends

February 2, 2024

Via: Banking Dive

“Sabbatical” is typically a word associated with tenured professors, who take time off to pursue intellectual pursuits. But what if you didn’t have to teach university courses to earn extended paid time off? Bank of America’s offering, launched in January […]


News

FinTech Futures: Top five news stories of the week – 26 January 2024

January 26, 2024

Via: FinTech Futures

UK asset management firm Abrdn has announced it is implementing a new “transformation programme” in a bid to streamline its operations and bring down costs, with 500 job cuts proposed. The company says the programme “targets an annualised cost reduction […]


News

Missouri Department of Commerce and Insurance Returns Over $27M to Consumers

January 24, 2024

Via: Insurance Journal

Missouri consumers had more than $27.5 million returned from their insurance companies in 2023, the Missouri Department of Commerce and Insurance (DCI) announced. The amount returned to Missouri consumers was a result of DCI’s Insurance Consumer Affairs Division’s mediation work […]


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, 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 […]