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New York Passes ‘Truth in Lending’ Act for Small Businesses
The senate and assembly have passed a bill requiring improvements to loan cost transparency for online lenders
How Covid-19 is Reshaping Card Payment Habits
The pandemic has forced people to embrace contactless and card-based payments – and the trend will only accelerate, research shows
Harnessing Data to Power Good
Banks and related financial institutions have a special role to play in today’s largely digitized world
Accenture Survey Highlights Productivity Increase in Financial Services Firms During COVID-19
Increase in productivity from remote work, bank onboarding applications, insurance claims, trade processing and capital markets payment related work
First Horizon Continues M&A with Truist Branch Purchases
First Horizon has acquired 30 North Carolina branches from Truist, adding $2.3 billion in deposits
How the Pandemic Could Damage European Banks compared with US Banks
EU and UK banks could be in a far worse position than their US peers following the COVID-19 pandemic, research has shown
OCC Publishes ‘True Lender’ Rule Change Plan
Planned new rule will address legal uncertainty regarding which entity owns a loan that it sold by a bank to a third party
Five Star is Latest Bank Consolidating Branches as Visits Drops
The New York-based bank will close six branches and merge them into other existing premises after a multi-year fall in in-person visits
Mutual of Omaha Rebrands to Remove Native American Imagery
The $50 billion bank will also invest in training programs for staff and take proactive measures to improve recruitment and supplier diversity
American Bankers Association Urges Banks to Adopt Face Mask Policies
The association has written to its members to urge facial coverings for staff and customers as President Trump resists advice from medical experts
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