December 10, 2024
Three Things to Watch as FDIC Tightens Up on FinTech
Several watchdogs and agencies are sharpening their gaze on FinTechs, specifically bank-FinTech relationships and the risks tied to those partnerships. In July, the Board of Governors of the Federal Reserve...
December 05, 2024
CFPB Begins Largest-Ever Distribution to Victims in ‘Advance Fee’ Case
The Consumer Financial Protection Bureau (CFPB) has begun distributing $1.8 billion to 4.3 million consumers a year after securing a legal judgment saying that companies had violated the Telemarketing Sales...
December 05, 2024
Restaurant Bankruptcies Reportedly at Highest Level Since Pandemic
Chain restaurant bankruptcies are reportedly at their highest level since the pandemic. Among the most recent examples is the casual dining franchise TGI Friday’s, one of more than a dozen...
December 05, 2024
Report: FDIC Ramps Up FinTech Scrutiny
The Federal Deposit Insurance Corporation (FDIC) reportedly has begun more closely tracking FinTechs that partner with banks, aiming to spot potential problems before they affect the banks. This tracking system...
December 03, 2024
FDIC Pushes for Transparency in Bank-FinTech Partnerships
As banks link with FinTechs, as new financial services are forged, with consumer-facing apps and digital channels in the mix, there’s still a need for robust record-keeping and reconciliation. Regulators...
December 02, 2024
Discount Retailers, Dollar Stores May Show Both Consumer Spending and...
The paycheck-to-paycheck retail economy is a mixed bag these days, with both opportunities and challenges. Officials at Burlington Stores are excited about the new store openings and its “new store...
December 02, 2024
Suit Against Synapse Partner Banks Spotlights Risks of Commingled Funds
The eventual resolution of the key question in the wake of the Synapse bankruptcy — namely, where the money went — will take time. And those seeking answers are turning...
November 27, 2024
New Evolve Statement: ‘Vast Majority’ of Synapse Funds Are at...
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were...
November 27, 2024
How True Religion’s Data-Driven Approach Powers Customer Loyalty and Holiday...
As True Religion works to re-establish itself in the retail landscape, the brand is placing an emphasis on data-driven marketing strategies to drive both customer loyalty and sales. By leveraging...