U.S. Bank acquires health care payments platform
The superregional bank is buying Salucro Healthcare Solutions for an undisclosed amount. Salucro provides online billing and payments services to healthcare providers.
In AI-based lending, is there an accuracy vs. fairness tradeoff?
If efforts to make AI-based loan decision models less discriminatory degrade accuracy, that is problematic for the entire industry.
Survey finds bankers newly upbeat on loan growth
Increased demand from borrowers may hinge on Federal Reserve Chair Jerome Powell and his colleagues cutting interest rates this fall.
FDIC taps attorney Carrie Cohen to oversee cultural shift
The FDIC Wednesday appointed Cohen, a partner with law firm Morrison Foerster and seasoned expert in workplace monitorships and diversity initiatives, as external overseer to audit and report on the agency’s cultural reforms following a competitive selection process.
Are digital currencies experiencing an ‘electric vehicles’ moment?
As with EVs, digital money was a niche product for years before gaining widespread acceptance. Now, digital blockchain-based monies might be on the verge of a major breakthrough.
CFPB orders Fay Servicing to pay multimillion-dollar penalty
Fay disputes claims it violated servicing laws and a previous order related to dual tracking allegations but agreed to settle without admission of wrongdoing.
TD Bank’s AML failures, tepid U.S. business hamper profits
The Canadian bank reported that regulatory fines related to compliance woes wiped out a chunk of its earnings in the third quarter.
Banks ponder, ‘What’s in a name?’
In a sea of generically named “First Banks of X” and “Community Banks of Y,” financial institutions must decide if the painstaking rebranding process is worth the investment and risk to stand out.
TD announces $2.6 billion provision for AML woes
The Toronto-based bank also said that it expects a “global resolution” of investigations by U.S. authorities to be finalized by the end of the year.
Zions leaders reflect on lessons learned from 11-year core upgrade
The Salt Lake City bank recently completed what was arguably the first successful large-scale U.S. bank core transformation from an international core provider. Few banks are following in its footsteps.