2020-06-12
The success of Isbank's Maxi service is a lesson for all banks: Chatbots, with the right training, can provide the kind of human touch customers need in times like these.
Read More from: BankThink
2020-06-12
Payments processors are keeping a portion of payments as a reserve against potential disputes between cardholders and merchants. Small-business owners say the practice is eating into their profits.
Read More from: BankThink
2020-06-12
Lawmakers should go further than their recent criticism of the Financial Accounting Standards Board's loan-loss rule and just hand over its duties to the Securities and Exchange Commission.
Read More from: BankThink
2020-06-12
Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.
Read More from: BankThink
2020-06-11
Mobile banking use has swelled since the pandemic hit, and law enforcement officials expect hackers to target the credentials of digital novices.
Read More from: BankThink
2020-06-11
On June 8, 2020, the Federal Reserve Bank of Boston, the administrator of the Federal Reserve’s Main Street Lending Program, released updated term sheets for the three types of loans, “New,” “Priority” and “Expanded,” that will be available under
Read More from: Bankruptcy and Restructuring Blog
2020-06-11
The lawmakers are attempting to block the regulation reforming the anti-redlining rule under review powers granted to Congress, but the move is largely symbolic with the Senate and White House controlled by the GOP.
Read More from: BankThink
2020-06-11
The Oregon company tapped Tory Nixon to serve as president of its bank.
Read More from: BankThink
2020-06-11
The credit union will pay an undisclosed amount for Community State Bank of Southwestern Indiana.
Read More from: BankThink
2020-06-11
The maker of accounting and invoicing software is, with the help of a community bank, the latest fintech to cater to small-business owners.
Read More from: BankThink
2020-06-11
The push for a public option to digitize government payments has gotten stronger, and the discussion has moved on from whether it should happen to how it should happen.
Read More from: BankThink
2020-06-11
A budget item establishing a new agency to protect consumers from predatory lenders has been put on hold as state officials deal with the coronavirus response and other priorities.
Read More from: BankThink
2020-06-11
After three months of supervising national banks remotely, examiners will soon resume visiting them in person and working in regional offices, says acting Comptroller of the Currency Brian Brooks.
Read More from: BankThink
2020-06-11
Organizers of Coastal Community Bank withdrew their application after the pandemic disrupted efforts to raise capital.
Read More from: BankThink
2020-06-11
Lenders are cautioning not only that second-quarter provisions might exceed the spike seen earlier this year, but also that credit costs could be elevated into 2021 if the economic slowdown drags on or fears of a second coronavirus wave are borne
Read More from: BankThink
2020-06-11
The acting head of the agency says it cannot continue relying on web-based exams put in place during the coronavirus and will start sending staff into banks.
Read More from: BankThink
2020-06-11
The company is partnering with Sensibill, a fintech whose technology turns photos of receipts into text and helps people track and manage their expenses.
Read More from: BankThink
2020-06-11
Lenders stock up on masks, Plexiglas barriers and cleaning supplies; lawmakers hope recent fixes will attract more borrowers, but small businesses remain wary after constant changes.
Read More from: BankThink