News Topic: Consumer banking

New tech like APIs and artificial intelligence will help consumers manage all their finances through an app, rather than just transfer funds. ... Read full article

Yale researchers have recommended several consumer banking products and services that could help those with mental health challenges manage their money. ... Read full article

Banks need to more actively manage margins — including the use of new modeling technology — in the current low-interest-rate environment. ... Read full article

Rep. Katie Porter, D-Calif., wants details about refunding "hundreds of millions of dollars" in fees improperly charged on checking accounts. Wells has acknowledged the potential problem but hasn't estimated how much it owes. ... Read full article

Readers react to the FDIC's proposal allowing banks to hire ex-cons, regulators looking into climate-change risk at banks, whether rewards programs drive loyal customers and more. ... Read full article

New American Customer Satisfaction Index data shows consumers slightly favored banks, which are benefiting from investments in technology. ... Read full article

The CFPB has promised an equal-access rule for small-business lending for nearly a decade. But Apple’s recent discrimination inquiry into its credit card could force the agency’s hand. ... Read full article

A lawsuit filed by a New Jersey branch employee who was fired in 2016 includes detailed allegations about the pressure that front-line workers faced to meet monthly sales targets. The case is scheduled to go to trial in February. ... Read full article

In recent months federal regulators have been speaking out on the risks that extreme weather events pose to the financial system, something their European counterparts have been doing for some time. ... Read full article

The remote deposit capture tech at the center of the dispute is used by 6,500 institutions. That may mean other institutions will have to pay licensing fees to USAA. ... Read full article

The company says it's responding to the feedback of consumers who want online options beyond savings products. ... Read full article

The State Bank Group and The Provident Bank are backing Neocova, which focuses on community banks. ... Read full article

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018. ... Read full article

The tech company’s card seems to be raising consumers’ expectations that they should be able to get and use a card instantly and receive useful notifications. ... Read full article

HMBradley will assign interest rates according to how much customers set aside from direct deposits each month. ... Read full article

Prosper hopes to do for lines of credit what it did for unsecured personal loans, while BBVA hopes to provide a better experience for customers. ... Read full article

The Boston bank’s online money market account won’t start until later next year, and many rivals have already beaten it to the punch. But the window for new entrants is still open provided they do certain things right, experts say. ... Read full article

CIT Group has agreed to lend and invest the money mostly in California as well as in the eight states where Mutual of Omaha Bank has branches. ... Read full article