Bank Newswatch
Student Loan Borrowers Will Struggle With Repayment, CFPB Warns
08 Jun 2023 20:00:03 UT
After more than three years on the back burner, monthly federal student loan payments will finally resume 60 days after June 30 — and 1 in 5 borrowers could struggle when that happens, according to a...
Citigroup Disbands Global FX Strategy Team, Signals Major Structural Changes
08 Jun 2023 19:39:50 UT
Citigroup Inc (NYSE: ) has reportedly disbanded its CitiFX global FX strategy team responsible for providing commentary and analysis on foreign exchange (FX) markets. Individuals who have left or...
Fintech as a Force for Good: 2022 Ripple Impact Report
08 Jun 2023 19:52:07 UT
Immediately, Ripple is publishing its inaugural 2022 Ripple Impact Report. For the reason that program was established in 2018, Ripple Impact has targeted on being a drive for constructive change for...
TD Bank CEO 'confident' of resolving issues tied to First Horizon deal collapse
08 Jun 2023 18:08:38 UT
(Reuters) – TD Bank Group CEO Bharat Masrani said he was confident the bank, Canada’s second biggest lender, would resolve issues with regulators that led to the collapse of its planned $13.4 billion...
Rising demand for renewables will pressure debt financing, bankers say
08 Jun 2023 19:13:41 UT
The increasing flow of renewable energy debt deals and larger transaction sizes spurred by the US Inflation Reduction Act (IRA) will stress the banking sector, industry experts said June 7 during a...
Pennsylvania appellate court finds no state court standing to bring FACTA claim based solely on statutory violation
08 Jun 2023 18:55:48 UT
In its 2016 decision in Spokeo v. Robins, the U.S. Supreme Court held that a plaintiff alleging a Fair Credit Reporting Act violation does not have standing under Article III of the U.S. Constitution...
Federal banking agencies issue final interagency guidance on risk management in third-party relationships
08 Jun 2023 18:42:29 UT
The Federal Reserve, FDIC, and OCC have released final interagency guidance for their respective supervised banking organizations on managing risks associated with third-party relationships,...
CFPB Takes Action Against Phoenix Financial Services for Illegal Medical Debt Collection and Credit Reporting Practices
08 Jun 2023 18:45:24 UT
WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) took action against medical debt collector Phoenix Financial Services (Phoenix) for numerous debt collection and credit reporting...
Will the FDIC Raise the Deposit Insurance Limit?
08 Jun 2023 14:00:47 UT
The Federal Deposit Insurance Corp. (FDIC) has proven to be a vital form of protection, as we saw earlier this year. In March, Silicon Valley Bank failed, followed quickly by Signature Bank. The FDIC...
Banking Expert Kerry Cantley Joins Mitek as VP of Digital Banking Strategy
08 Jun 2023 18:20:10 UT
Mitek , whose mission is to make digital access faster and more secure, has named experienced banking veteran Kerry Cantley Vice President of Digital Banking Strategy. “Mitek’s name is known and...

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