(source: federalreserve.gov)
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...
The traditional avenues of lending are narrowing, signaling tougher times ahead for smaller businesses seeking access to credit. As detailed Monday (July 31) in the...
The expectations of small to midsized businesses (SMBs) regarding payment service providers have never been higher, with owners and employees demanding the same payment speed...
Account-to-account payment platform Form3 says it is ready for FedNow. The company on Thursday (July 27) announced it was among the first in its industry to finish testing and...
Bank of America CEO Brian Moynihan said new capital requirements need to ensure a level playing field for U.S. banks. “I think they have to...
As banks — especially larger players — grapple with a new capital reality, the opportunity may be there for smaller financial institutions (FIs) and FinTechs...
The Federal Reserve is planning another rate hike aimed at slowing inflation. But a report Wednesday (July 26) by The New York Times notes that some observers...
Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that the Federal Reserve’s long-quoted stat on financial well-being could use...
Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Banks are unloading...