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.

Congress Reacts to Cordray’s Departure
Congress Reacts to Cordray’s Departure
November 16, 2017  |  CFPB

Consumer Financial Protection Bureau (CFPB) Chief Richard Cordray is resigning from his position as soon as the end of this month. According to news from CNBC,...

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BOA Commercial Card Clients Get Digital Assist(ant)
BOA Commercial Card Clients Get Digital Assist(ant)
November 16, 2017  |  Banking

Bank of America Merrill Lynch announced news on Wednesday (Nov. 15) of the launch of Card Assistant — a digital tool which provides business banking...

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Longevity Lessons From The Oldest US Credit Union
Longevity Lessons From The Oldest US Credit Union
November 16, 2017  |  Credit Unions

With its conservative approach, rooted in the Great Depression, St. Mary’s Bank of Manchester, New Hampshire, has endured more than a century of economic challenges....

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Wells Fargo Softens Overdraft Policy
Wells Fargo Softens Overdraft Policy
November 15, 2017  |  Banking

Aiming to boost its reputation after a fake account scandal last year, Wells Fargo announced Tuesday (Nov. 14) the launch of a new overdraft feature...

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FDIC Chief Warns Over Relaxed Banking Regs
FDIC Chief Warns Over Relaxed Banking Regs
November 15, 2017  |  Bank Regulation

Martin Gruenberg, the chairman of the Federal Deposit Insurance Corporation who is leaving the government agency, expressed concern that regulators may be doing too much...

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Ally Bank Takes Banking To Alexa
Ally Bank Takes Banking To Alexa
November 15, 2017  |  Innovation

Ally Bank announced Tuesday (Nov. 14) that it is launching a new service that enables customers to conduct banking activities via voice. In a press...

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Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
Wells Fargo Cuts Back SMB Card Unit As Part Of Card Processing Restructure
November 15, 2017  |  Banking

About 50 Wells Fargo employees were laid off from its SMB card processing unit as the bank works to restructure the entire unit geared toward...

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ECB Wants Ability To Freeze Bank Withdrawals
ECB Wants Ability To Freeze Bank Withdrawals
November 15, 2017  |  Bank Regulation

The European Central Bank (ECB) steps up efforts to launch a tool that would enable financial regulators to stop customers from withdrawing cash when a...

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Real-Time Payments Successfully Gets Through Its First Test Drive
Real-Time Payments Successfully Gets Through Its First Test Drive
November 14, 2017  |  Faster Payments

The U.S.’ first new payment and clearing system in more than 40 years is up and running. At 4:59:40 p.m. on Monday (Nov. 13), $3.50 was...

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