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.

Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules

Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules
Small Lenders Question Scope, Impact of CFPB’s Proposed Disclosure Rules
September 03, 2021  |  CFPB

Two organizations representing lenders have expressed reservations about a new rule proposed Wednesday (Sept. 1) by the Consumer Financial Protection Bureau (CFPB). The rule, if finalized, would require lenders to disclose...

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APIs Enable Shortcuts for US and Brazilian Cross-Border Commerce
APIs Enable Shortcuts for US and Brazilian Cross-Border Commerce
September 03, 2021  |  Cross-border Payments

As millions of consumers shifted their shopping activities online, businesses faced numerous barriers when meeting them there, particularly companies seeking to penetrate the United States...

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Mbanq CUSO Introduces Credit Union-as-a-Service
Mbanq CUSO Introduces Credit Union-as-a-Service
September 02, 2021  |  Credit Unions

Mbanq CUSO has rolled out a Credit Union-as-a-Service (CUaaS) business model “to launch and operate the Credit Union of the future as a comprehensive service,”...

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Airwallex Obtains Money Services Business License In Malaysia
Airwallex Obtains Money Services Business License In Malaysia
September 02, 2021  |  International

Australian FinTech platform Airwallex on Thursday (Sept. 2) announced that the company has secured a money services business (MSB) license from Bank Negara Malaysia, which...

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Federal Agencies Issue FinTech Guidance For Community Banks
Federal Agencies Issue FinTech Guidance For Community Banks
September 02, 2021  |  Bank Regulation

Guidance published in collaboration with several federal agencies was recently handed down to offer voluntary counsel for community banks launching partnerships with FinTechs, according to...

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IRS: Bank Reporting Data Key To Addressing Tax Evasion
IRS: Bank Reporting Data Key To Addressing Tax Evasion
September 02, 2021  |  Taxes

In a letter to Sen. Elizabeth Warren (D-Mass.) IRS Commissioner Charles Rettig said requiring banks to provide insight into customers’ transaction history could help the...

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New Study: SMBs Should Tap Banking-as-a-Service the Same Way B2Cs Did
New Study: SMBs Should Tap Banking-as-a-Service the Same Way B2Cs Did
September 01, 2021  |  B2B Payments

Small- to medium-sized businesses (SMBs) that partner with a financial institution (FI) to offer banking services can tap into two fast-growing industries. Get the Full...

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Revolut’s US Credit Card Strategy Puts NeoBank Up Against New Challengers 
Revolut’s US Credit Card Strategy Puts NeoBank Up Against New Challengers 
September 01, 2021  |  Digital Banking

In its bid to make more inroads into the United States and to differentiate itself from its digital banking peers, the U.K.’s Revolut is setting...

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Deep Dive: Why Self-Service Is the Rising Star of CUs’  Branch-Based Banking Experiences
Deep Dive: Why Self-Service Is the Rising Star of CUs’ Branch-Based Banking Experiences
August 31, 2021  |  Credit Unions

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