American Banker reposted this
How does Mastercard spot new fintech partners? The card network discusses its program with Kayla Webster for American Banker.
American Banker, an Arizent brand, is the banking industry's most powerful information resource providing analysis, insight and perspective on the business of banking. American Banker covers the people, trends, regulations and technologies driving the industry, helping readers keep pace with changes and opportunities in the marketplace. Executives and industry influencers also engage via American Banker's online and live conferences and seminars.
External link for American Banker
One State Street Plaza
27th Floor
New York, New York 10004, US
American Banker reposted this
How does Mastercard spot new fintech partners? The card network discusses its program with Kayla Webster for American Banker.
When Truist Finacial sold its insurance business for $10.1 billion, it laid out three ways to use the proceeds: restart share repurchases, reposition its balance sheet and invest in loan growth. The latter plan is so far proving to be elusive, as client demand lags, executives said Monday during the company's second-quarter earnings call.
American Banker reposted this
Truist Financial is sticking to its plan for how to use the billions it got from selling its insurance subsidiary. However, its goal of using some of the proceeds to facilitate loan growth isn't panning out just yet. Truist expects "client loan demand to remain relatively muted in the third quarter," CFO Mike Maguire warned Monday on a call with analysts.
American Banker reposted this
President Biden has played a major role in shaping areas of the financial services industry during his time in office, including the Consumer Financial Protection Bureau's rule on credit card late fees, crypto custody banking, Community Reinvestment Act and more. The next president will possess substantial sway over the course of economic and banking policy in the near future. Some executives say that it's likely Harris would continue in line with the current administration's direction on banking regulations. "In contrast to Trump's approach, which favored deregulation and a more hands-off approach, Harris' administration would aim to implement stricter controls and oversight to protect consumers and ensure financial stability," said Rick Kuci, chief operating officer for the New York-based small business funding fintech FundKite. #banks #2024 #regulations https://lnkd.in/dvpy68rA
American Banker reposted this
President Biden's decision not to seek reelection , and to endorse Vice President Kamala Harris in his stead, sent ripple effects throughout the banking industry on Sunday. "While it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term," Biden said in a letter announcing the decision. The move, while not unprecedented, took many by surprise. It has been more than 50 years since a sitting president decided not to run for a second elected term, when Lyndon B. Johnson made the same choice in March 1968 due to pushback from his oversight of the U.S. involvement in the Vietnam War and deteriorating health. Biden has played a major role in shaping areas of the financial services industry during his time in office, including the Consumer Financial Protection Bureau's rule on credit card late fees, crypto custody banking, Community Reinvestment Act and more. Read more in my latest for American Banker below. #litrendingtopics #bankingindustry
"As the general election cycle unfolds and changes emerge, our engagement with elected officials and candidates will continue to ensure focus on empowering credit unions to better meet the needs of Main Street America," said Jim Nussle, president and chief executive of America's Credit Unions.
As the search for new payments innovation and talent becomes more competitive, Mastercard discusses how it works with new fintechs.
To help improve fraud detection and prevention across its branch network, JPMorgan Chase is adding kiosks to its physical offices for account holders to verify their identity prior to meeting with staff members. For more information about the campaign, as well as how the bank performed across its second quarter, dive into our roundup of stories covering current banking challenges and other market factors. #investors #bankingtechnology
Join this webinar to learn why check fraud is so difficult to detect and investigate. https://bit.ly/3y11154
Biden leaves ballot, casting attention on Harris' record with bankers; Capital One battles community group skepticism over Discover deal; bank earnings from BankOZK, Huntington, Regions, Amex; Comerica is likely to lose the lucrative Direct Express contract from the Treasury; Fed fines Green Dot $44 million over unfair practices; what happened when Crowdstrike didn't work on Friday; and more in today's newsletter.