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Consumer Compliance - Banking Exchange
US regulator assesses $250 million penalty and places restriction on bank’s future activities
The association objected a bill proposed with the intention to increase credit union memberships
At the end of the day, consumer behaviors drive the biggest change
Several banks including JP Morgan and Bank of America have already come under scrutiny
Bank of America ranks highest in banking mobile app satisfaction, reports JD Power
Federal Reserve data noted the lack of demand for small business loans even while noting that consumer demand is on the increase
Public’s input sought on potential modernization of advertising and signage rules to better reflect how banks operate
The E-Sign Act was signed into law over two decades ago
The OCC introduced rules last year to ‘clarify’ which entities were responsible for loans
Payment disputes related to friendly fraud are expected to soar due to the pandemic-fueled surge in e-commerce
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Webinar — Leveraging Open Banking Trends to Transform Your Institution

Time/Date: October 5th, 2:00 CT

The concept of open banking is ushering in exciting new possibilities for financial institutions of all sizes, transforming how they do business and driving new revenue opportunities. Join Shane Ferrell, Vice President of Product Strategy and Director of Software Engineering Barkley Hughes as they answer these questions and more: 

• What is open banking, and how does a financial institution take full advantage of this rapidly growing technology?

• What are key areas to look for when considering leveraging a third-party technology or an open banking marketplace?

• What role does FDX play in the future of open banking?

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