Katherine Weislogel of Synovus on trends in treasury and payment solutions
Katherine Weislogel, head of treasury and payment solutions at Synovus, discusses industry trends.
Resistance to the CFPB’s late fee rule exposes banks’ bigger problems
Banks, especially big ones, have become too dependent on hidden-fee income. As the consumer credit market evolves toward greater transparency, the CFPB’s rules will be the least of their problems.
‘Not all fintech is good for people’: Jennifer Tescher
Only a third of Americans are financially healthy, according to Tescher, who founded the Financial Health Network 20 years ago. But while some financial technology innovations are helping, others are more questionable.
Why the money laundering fight is going to the next level
Wars in Ukraine and the Middle East. Fiercely polarized U.S. politics. Rapidly multiplying payments options on social media networks and elsewhere. Those factors and more are making it harder than ever for banks to combat illicit financial transactions.
Municipal Credit Union brings wealth management to members
The $4.2 billion-asset MCU in New York is working with Ameriprise Financial Institutions Group to connect members with the firm’s network of digital advisors and offer investment planning options alongside its traditional products.
OCC’s Hsu says prioritizing fairness can bolster innovation
Acting Comptroller Michael Hsu emphasized Monday the importance for banks to prioritize fairness in innovation, urging vigilance in navigating compliance risks associated with emerging technologies like AI.
Farm lending robust in 2023, but ‘tougher’ year lies ahead
Lower commodity prices and decreases in government assistance are expected to push farm income lower this year and raise credit risk for banks.
Fed’s Cook: ‘Magnificent seven’ stocks could be stability threat
Federal Reserve Gov. Lisa Cook said in a speech Monday the central bank is monitoring record highs in the stock market to see if it proves to be a bubble.
JPMorgan Chase accuses TransUnion of stealing ‘trade secrets’
The credit bureau’s Argus unit collected the bank’s credit card data on behalf of regulators, then used it in the benchmarking service it sells to other banks, the bank says. The suit comes at a time when bank data is becoming increasingly open, at least in theory.
Canada’s real-time payments network progresses, but no launch in sight
Despite further delays, the country has taken two key steps to opening up access to its Real-Time Rail, including allowing payment companies to participate without a bank partner, but it has yet to commit to a date for the project to go live.