A coalition of advocacy groups wants U.S. regulators to look more into banks partnering with FinTechs to charge predatory interest rates that would be otherwise illegal in the lenders’ home states, Bloomberg reported Friday (Feb. 4). Get the Full Story Complete the form to unlock...
International banks got the go-ahead from the U.S. Treasury Department to allow money transfers to Afghanistan for humanitarian purposes on Wednesday (Feb. 2), adding that aid groups can pay teachers and healthcare workers at state-run institutions without issue, Reuters reported. Get the Full Story Complete...
TD Bank has been redoing its overdraft fee policies, the CBC reported Tuesday (Feb. 1), and customers will be able to now overdraw their accounts by up to $50 before they get an overdraft fee. Get the Full Story Complete the form to unlock this...
Digital consumer credit firm Elevate Credit is collaborating with Central Pacific Bank to launch Swell, a new FinTech company, according to a press release on Thursday (Jan. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
The Central Bank of Brazil is introducing a program to connect the R$8 ($1.5 billion) sitting idle in financial institutions to the Brazilians who are entitled to the funds, the Rio Times reported. Get the Full Story Complete the form to unlock this article and...
Milan-based investment banker UniCredit is weighing offers from a series of suitors who want to take over its leasing operations. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
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Open banking platform Tink is rolling out a new service in the U.K. that enables lenders to verify a person’s income using real-time data from their bank account, streamlining the entire verification process. Get the Full Story Complete the form to unlock this article and...
Companies want many of the embedded finance options that FinTechs offer, and APIs and open banking help banks give their corporate clients the best of both worlds. In the Next-Gen Commercial Banking Tracker, Bank of Montreal’s Sean Ellery explains how they’re using open banking APIs...
