Trust in banks trending in the right direction, new survey finds
The financial services industry has largely recovered from the negative shocks of the 2008 financial crisis. Still, the results from the most recent release of the Edelman Trust Barometer found that banks need to address a significant level of skepticism among consumers.
Press Release: FDIC Advisory Committee on Economic Inclusion to Meet Next Week
PRESS RELEASE | MAY 28, 2024 FDIC Advisory Committee on Economic Inclusion to Meet Next Week Two New Members also Announced WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) Advisory Committee on Economic Inclusion (ComE-IN) will meet on Tuesday, June 4, 2024, to discuss updates from Committee members about key challenges facing their communities and […]
Inside a Zelle fraud that almost lost a Florida consumer $3,500
Early Warning, which operates the payment network, says the rate of reported fraud is less than a tenth of one percent. Yet stories of consumers who have fallen victim to scams and lost money as a result abound.
Fed’s Bowman: Balance sheet reduction effort slowing too soon
In a speech, the Federal Reserve governor said she would have liked to see the Federal Open Market Committee move more quickly to reduce its holdings. The central bank is poised to begin slowing the pace of balance sheet runoff this week.
Regulators must not stifle the potential of AI in financial services
Regulators are inherently cautious, but they must not allow concerns about risk to blind them to the enormous opportunities artificial intelligence presents for the financial well-being of Americans.
How Visa and Mastercard are bolstering non-card payments
Rather than compete against the rising tide of account-to-account transactions, the two card networks are looking for ways to make themselves essential to this growing market.
Is fintech the key to better debt collections?
Digital-first collection agencies such as TrueAccord, January and InDebted are analyzing consumer engagement signals and more to determine the most effective way for its clients to collect on debt.
Coming late to real-time payments, Canada can learn from pioneers
By embracing collaboration and innovation, Canadian banks can position themselves at the forefront
When it comes to fashion choices, bankers get a dress-down
Gone are the days when Wall Street executives dressed in conspicuously expensive clothing. Now the industry has adopted a more relaxed and casual dress code.
Inside the shady world of cyber weapons
In “This Is How They Tell Me the World Ends,” Nicole Perlroth, a former New York Times reporter, offers a detailed picture of how the zero-day exploit trade developed and affects critical infrastructure.