August 04, 2023
Paycheck-to-Paycheck Consumers Who Live Alone Have Less Credit Card Debt
With inflation still at high levels, Americans continue to rely on their regular paychecks to meet their expenses and financial obligations, with little or no savings left over for unbudgeted...
August 03, 2023
JPMorgan CEO Jamie Dimon: New Bank Capital Requirements ‘Hugely Disappointing’
The head of America’s biggest bank said new capital requirements may have slowed economic growth. J.P. Morgan Chase CEO Jamie Dimon said in a Wednesday (Aug. 2) CNBC interview that...
August 03, 2023
Banks Must Use Data and AI to Stay Relevant to...
According to Doug Brown, president at NCR, right now the “one” thing that’s top of mind for financial institutions is staying relevant in the minds of their own end users....
July 31, 2023
Janover Adds Email to AI-Based Agent on Financing Marketplace
Janover has added email capabilities to the artificial intelligence (AI) agent on its business-to-business (B2B) marketplace connecting commercial real estate borrowers and lenders. Along with email, the AI-based agent already...
July 31, 2023
SoFi Deposits Grow 26% Year Over Year to $12.7 Billion
SoFi’s earnings results showed a growing embrace of the company’s platform approach that brings savings, lending and spending together in a continuum of financial activity. Earnings presentation materials and results posted Monday (July 31)...
July 26, 2023
Banc of California to Sell $1.8 Billion Worth of Residential...
Banc of California is reportedly selling $1.8 billion worth of single-family residential home loans at a discount to JPMorgan Chase as part of an agreement to facilitate the former’s acquisition of PacWest...
July 25, 2023
Why Seniors’ Surprisingly Strong Spending Power Starts at Home
Paid-off homes and higher savings cushions could be behind the elder generation’s purchasing abilities. Even as they ease out of their peak earning power, baby boomers and seniors remain the...
July 25, 2023
PSCU CEO: Credit Unions Will Weather the Battle for Deposits...
Earnings season is underway, spotlighting a new reality for smaller banks in a long, hot summer. “They’ve had to re-engineer managing their business from just two years ago,” Chuck Fagan,...
July 20, 2023
Equifax Reports Historically Low Credit Card Delinquencies Amid Strong Q2...
Equifax released its second quarter earnings report on Wednesday (July 20), announcing a “strong” earnings performance despite mortgage interest rates trending upwards since April. In terms of headline numbers, the U.S. consumer...
