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7 Jun 2024, 6:00 am by Michelle
American Banker – June 4, 2024 (subscription required) The fast-growing market for buy now/pay later loans has moved from simply a pandemic-era convenience to a vital financial access tool in about four years, making the product a potential vector for consumer risks in a tightening economy. [read post]
6 Jun 2024, 7:29 am by Kristen E. Larson
On June 5, 2024, Minnesota Bankers Association and Lake Central Bank (“Plaintiffs”), filed a notice of appeal to the United States Court of Appeals for the Eighth Circuit to appeal the Minnesota federal district court’s April 9, 2024 dismissal of the Plaintiffs’ lawsuit against the Federal Deposit Insurance Corporation (FDIC) challenging the FDIC’s guidance on non-sufficient funds (NSF) fees.... [read post]
4 Jun 2024, 11:36 am by Francis Pileggi
And it charged that the minority knew only part of the conflicts involving Inovalon’s investment banker financial advisors. [read post]
3 Jun 2024, 9:01 pm by renholding
Why Add-Ons Make Sense Add-on strategies are attractive for several reasons, including the following: These smaller transactions are more often sourced through organic connections within the platform company’s industry rather than through competitive, banker-led auction processes, which assists in keeping the EBITDA and revenue multiples to lower levels. [read post]
2 Jun 2024, 8:45 pm by Sabrina I. Pacifici
Here’s how its private bankers are using it; Will banking’s increasing turn toward AI level the playing field or widen the gap between big and small banks? [read post]
Northstar (Bermuda) and Colorado Bankers Life Insurance Owner Greg Lindberg Found Guilty of Bribery A Second Time. [read post]
31 May 2024, 7:03 am by Sabrina I. Pacifici
Here's how its private bankers are using it; Will banking's increasing turn toward AI level the playing field or widen the gap between big and small banks? [read post]
31 May 2024, 6:00 am by Michelle
How Visa and Mastercard Are Bolstering Non-Card PaymentsAmerican Banker – May 28, 2024 (subscription required) Account-to-account payments are a double-edged sword for Visa and Mastercard. [read post]
30 May 2024, 12:03 pm by Daily Record Staff
Baltimore-based CFG Bank was ranked by Independent Banker as the seventh-best performing community bank with assets over $1 billion. [read post]
29 May 2024, 9:05 pm by renholding
There has been increased competition between traditional finance providers and shadow bankers (e.g., private credit funds), where the latter are not subject to the same type of regulation and scrutiny as banks are.[3] Such competition increased during 2023 and, especially, after the 2023 banking crisis, given the downtick in the syndicated loan markets, opening the way for private credit funds to increase their share in the market. [read post]
27 May 2024, 5:45 am by Norman L. Eisen
Last week, both the prosecution and the defense rested their cases in former President Donald Trump’s New York trial for allegedly falsifying business records (FBR) in his effort “to unlawfully influence the 2016 presidential election,” in the words of Manhattan Supreme Court Justice Juan Merchan’s case summary. [read post]
26 May 2024, 11:31 pm by Yosi Yahoudai
This month’s pullback in mortgage rates has spurred a pickup in home loan applications, which rose last week by 1.9% from a week earlier, according to the Mortgage Bankers Association. [read post]
24 May 2024, 7:34 am by Joanna Powis and Alison Heaton
On 14 May 2024, the government and financial services regulators published their responses to the recommendations made by the Sexism in the City inquiry. [read post]
As part of the CFPB’s crusade against junk fees, CFPB Director, Rohit Chopra addressed credit report fees in prepared remarks at the Mortgage Bankers Association’s Secondary & Capital Markets Conference & Expo 2024. [read post]
24 May 2024, 6:00 am by Michelle
Big Banks Face Intensifying Political Pressure Over Zelle FraudAmerican Banker – May 22, 2024 (subscription required) Executives from JPMorgan Chase, Bank of America and Wells Fargo are expected to testify this summer before a U.S. [read post]
21 May 2024, 9:05 pm by renholding
Negative examples come from rogue platform bankers in New York, California, or the Bahamas. [read post]
21 May 2024, 6:06 am
The New Yorker article is by Lauren Michele Jackson, writing about Thornton's book "Tits Up: What Sex Workers, Milk Bankers, Plastic Surgeons, Bra Designers, & Witches Tell Us About Breasts. [read post]
21 May 2024, 2:26 am by Jack Bogdanski
Because their wealthy donors like that freak Jamie Dimon are the bankers. [read post]
20 May 2024, 12:34 pm by Michael Lowe
   People like doctors and health care providers facing charges of health care fraud or bankers investigated for involvement in money laundering schemes often feel blindsided. [read post]