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Wells Fargo’s Scharf Apologizes for ‘Insensitive’ Comments

Wells Fargo’s Scharf Apologizes for ‘Insensitive’ Comments

Bank boss acknowledges error and pledges renewed commitment to improving Wells Fargo’s diversity work
Bank Initiatives Promise to Address Inequalities

Bank Initiatives Promise to Address Inequalities

US Bank and Standard Chartered have pledged more than $1.2 million as banks continue to work on tackling racial inequality
ABA Urges Support for PPP Forgiveness Bill

ABA Urges Support for PPP Forgiveness Bill

Support comes as Republicans have proposed another $60 billion for the small business loan fund
Fund Data Operations and Banks Have Something To Learn From An Obscure Immigrant Investor Program

Fund Data Operations and Banks Have Something To Learn From An Obscure Immigrant Investor Program

Some Americans might be appalled that wealthy foreigners are purchasing the opportunity to become permanent residents of the United States
COVID-19 and Synthetic Identity Fraud: The Importance of Lenders Mitigating Risks

COVID-19 and Synthetic Identity Fraud: The Importance of Lenders Mitigating Risks

Fraudsters are taking advantage of this time to target vulnerable populations and companies
OCC Publishes ‘True Lender’ Rule Change Plan

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
Mutual of Omaha Rebrands to Remove Native American Imagery

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

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
Bank Share Prices Suffer Despite Resilient Balance Sheets

Bank Share Prices Suffer Despite Resilient Balance Sheets

Investors have shied away from bank stocks despite multiple stress tests showing the sector to be performing well amid the pandemic
OCC: COVID-19 ‘Not an Excuse for Branch Closures’

OCC: COVID-19 ‘Not an Excuse for Branch Closures’

The new comptroller has warned banks not to use the coronavirus pandemic as a cover for cutting services
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Dana Weinstein is Head of Product at Tesser, bringing eight years of experience building payments products across US domestic and cross-border rails.

She launched Visa Direct Payouts, architecting a payout capability that now reaches 11 billion endpoints across cards, accounts, and digital wallets...