Amazon’s grocery expansion a threat to CRE, banks fear
With online retailers beginning to challenge the dominance of brick-and-mortar grocery stores, CRE loans to strip mails anchored by them look riskier. ... Read full article
With online retailers beginning to challenge the dominance of brick-and-mortar grocery stores, CRE loans to strip mails anchored by them look riskier. ... Read full article
Some banks are looking at how to translate the complicated and document-heavy mortgage lending process into the digital world of voice interactive personal assistants. ... Read full article
Industry observers are skeptical of acting Comptroller Keith Noreika's claims that his agency could grant a fintech charter to a commercial firm like Amazon or Google, arguing that such a move could become "Walmart 2.0." ... Read full article
Meetings between bank regulators and technology giants like Amazon and PayPal underscore Silicon Valley's growing involvement in the financial services arena, and may presage pursuit of a bank charter. ... Read full article
Readers chime in on debates about ILCs, the CFPB’s arbitration rule, the financial services ambitions of tech firms and more. ... Read full article
Marbue Brown will oversee customer experience in Chase’s branch network, call centers and digital and mobile platforms. ... Read full article
Can the internet giants peek at bank data, or eavesdrop on conversations with customers, sent over their gadgets? Here are the facts and the fuzzy areas. ... Read full article
Critics of the industrial bank charter, as well as those who support more mixing of banking and commerce, describe the intent of industrial banks inaccurately. ... Read full article
Push Payments' Travis Dulaney discusses the Fed task force report; Brian Roemmele talks voice pay. ... Read full article
Customers can ask Amazon’s virtual assistant about account balances, spending habits and financial questions that they may be too embarrassed to ask a human. ... Read full article
A handful of underfinanced startups aren’t enough to sink the industry. Community banks will survive digital disruption so long as they concentrate on what their customers want and need. ... Read full article
Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service. ... Read full article
The $13.7 billion acquisition could have significant implications for swipe-fee revenue and other grocers' in-store branches. It also raises the question of whether the Seattle e-commerce Goliath will soon set its sights on the financial services ... Read full article
The agency recently sent a letter to nine banks urging them to stop offering deferred interest cards, arguing that consumers are often unaware of the risks involved. ... Read full article
Bill would replace much of Dodd-Frank but is unlikely to become law; online retailer is expected to expand Amazon Lending program to small businesses in the U.S., U.K. and Japan. ... Read full article
Amazon's lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay. ... Read full article
Problems with Amazon's cloud computing services caused major disruption across the Web on Tuesday, but Capital One says it cloud strategy kept things smooth there. ... Read full article
Amazon.com's cloud-computing service was beset by "high error rates" on parts of its S3 data-storage system, disrupting many internet sites and mobile applications that rely on the company for their online presences. ... Read full article
Add package pickup to the growing list of things banks are doing with branches as foot traffic declines. ... Read full article
Credit card issuers usually reserve their richest rewards for customers at the higher end who are willing to pay steep annual fees. But a recent surge in credit card rewards deals targeting mainstream consumers signals a key strategy shift for issuers. ... Read full article