banking

Banking is an industry that handles cash, credit, and other financial transactions. Banks provide a safe place to store extra cash and credit. One key step towards financial independence is having a solid banking account.
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
Fifth Third Bank Fined $20 Million for Improper Auto Lending Practices
July 09, 2024  |  Regulation

Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection...

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Traditional Banks Go Digital as Neobanks Face Regulatory Heat
Traditional Banks Go Digital as Neobanks Face Regulatory Heat
July 09, 2024  |  Digital Banking

As regulators draw a bead on neobanks, traditional financial institutions are acting more like neobanks. Open banking looks set to transform financial services in the...

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European Banking Authority to Consider Reporting Requirements for Nonbanks
European Banking Authority to Consider Reporting Requirements for Nonbanks
July 09, 2024  |  Regulation

European Banking Authority Chairman Jose Manuel Campa said the watchdog organization may make reporting requirements for nonbank financial institutions a “next step.” Campa said the...

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Regulators Wary of Banks Outsourcing to Tech Firms
Regulators Wary of Banks Outsourcing to Tech Firms
July 09, 2024  |  Bank Regulation

A top global banking regulator wants financial institutions to take more responsibility in outsourcing services. “Ongoing digitalisation has led to rapid adoption of innovative approaches...

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Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
Australian Banking Association: Open Banking Rules Need ‘New Pathway Forward’
July 08, 2024  |  Bank Regulation

Australian Banking Association (ABA) CEO Anna Bligh said its “time to go back to the drawing board” when it comes to the country’s open banking rules....

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Trending: Earnings Season Set to Spotlight Digital Banking
Trending: Earnings Season Set to Spotlight Digital Banking
July 08, 2024  |  Digital Banking

The big banks will kick off earnings season Friday (July 12), as is the case quarter after quarter. In addition to the usual metrics that...

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Ingo Payments’ Edwards Says Regulatory Tightrope Will Be BaaS’s Proving Ground
Ingo Payments’ Edwards Says Regulatory Tightrope Will Be BaaS’s Proving Ground
July 08, 2024  |  Bank Regulation

As the banking and payments business cross into the second half of 2024, many executives say we’re at a pivotal juncture — one that will...

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Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
Exclusive: Visa Aims Value-Added Services at Helping Banks Capture Gen Z Loyalty
July 08, 2024  |  VISA

There’s the payment and then there’s everything that happens around it. That’s why financial services companies, from insurance to FinTechs to enterprise-grade banks, add services...

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Report: TD Bank Chief Compliance Officer Monica Kowal Leaves Job
Report: TD Bank Chief Compliance Officer Monica Kowal Leaves Job
July 07, 2024  |  Digital-First Banking

TD Bank’s chief compliance officer, Monica Kowal, has reportedly left the bank. Kowal left the bank during the past week, and an internal memo that announced the...

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