Consumer banking

Gender gap in financial services affects pay, family leave, promotion

10/22/18

The gap in attitudes and outlook on gender inclusion is wide enough that women and men in financial services often have entirely different takes on gender in the workforce, with men much more likely to have an outsized positive view on progress in gender inclusion.

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Wells Fargo to pay $65 million to New York over cross-selling

10/22/18

The bank failed to tell investors that the success of its cross-selling was built on “sales practice misconduct at the bank,” the state attorney general said.

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To boost credit scores, FICO, Experian, Finicity want bank data

10/22/18

In a move designed to improve access to financial products for consumers with low credit scores and short credit histories, Experian, FICO and Finicity are developing an "UltraFICO" score that lets individuals share checking and savings account data and help lenders better assess risk.

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Umpqua sells unit behind creation of its app for choosing personal bankers

10/22/18

The bank will still use GoTo, an app consumers can use to communicate with a personal banker, but no longer own the Pivotus subsidiary that created it.

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Citizens’ 3Q boosted by mortgage acquisition

10/19/18

The Providence, R.I., company reported a 27% gain in profits thanks partly to a boost in fee income from its purchase of Franklin American Mortgage in August.

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Banks can't afford to ignore Generation Z

10/18/18

Financial institutions need to adapt their offerings to meet the preferences of these young consumers or they risk losing ground to fintechs and other nontraditional players.

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KeyCorp reports strong C&I lending, profit growth

10/18/18

Commercial and industrial lending rose 8% in the third quarter at the Cleveland bank, but other factors drove its double-digit gain in profits as overall loan growth was modest.

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Few answers for Netspend customers unable to access paychecks

10/16/18

Neither the prepaid issuer nor its bank partner can say when cardholders — many living paycheck to paycheck — will receive their funds.

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Banks should measure their social impact

10/16/18

As financial institutions struggle to regain public trust, they need to find more systematic ways to gauge how their work impacts consumers and communities.

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As digital banks proliferate, so do risks

10/15/18

Banks looking to build online-only affiliates to turbocharge deposit-gathering can expect intense competition and heightened regulatory scrutiny.

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