JPMorgan Chase, Wells Fargo and U.S. Bancorp are among the big U.S. banks working on a government initiative to get credit into the hands of people with no or low credit scores, The Wall Street Journal reported on Thursday (May 13), citing sources. Get the Full...
Consumers are continuing the pandemic-fueled habit of paying off credit card balances, a practice that now has bankers more than a little worried, The Wall Street Journal reported Tuesday (May 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
The Consumer Financial Protection Bureau (CFPB) is looking into some of U.S. Bancorp’s consumer sales practices, according to the financial services company’s 10-Q filed this week. U.S. Bancorp said in the filing that it has responded to the CFPB and continues responding to the Bureau....
Payments processing services firm Jack Henry & Associates on Wednesday (May 5) announced a partnership with financial data provider Finicity, an arrangement the two companies say will give customers a greater picture of their financial well-being. Get the Full Story Complete the form to unlock...
Talk about low-hanging fruit. Banks have an untapped sales opportunity right in front of them — one that leverages what they do best, with a product that almost everyone needs and with a captive audience that’s willing to listen. Get the Full Story Complete the...
JPMorgan Chase and Citigroup are among a number of big banks in the U.S. making a move to unload cash, and have asked some corporate clients to shift their funds from deposits to money market accounts, the Financial Times reported, citing sources. Get the Full Story...
France’s competition agency has concluded an investigation into banks, Big Tech and the financial technology (FinTech) sectors, with a warning that vigilance is needed due to “significant changes in the payments sector, characterized in particular by the arrival of major digital platforms.” Get the Full...
U.S. Bank is rolling out new solutions for special purpose acquisition companies (SPACs), including segregated trust accounts for SPAC proceeds, statements and secure reporting of activity, and more, according to a press release. Get the Full Story Complete the form to unlock this article and...
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