Fintech

Her work here is done: CEO leaving Bank Leumi after transforming it

10/24/19

Rakefet Russak-Aminoach, who will leave the company at the end of the month, has raised net profit and lowered costs by revamping its technology and culture.

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Can the Trump administration reform housing on its own?

10/23/19

With Congress deadlocked on a future for Fannie Mae and Freddie Mac, the administration is prepping to move by itself.

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Subscription killer Truebill readies three banking products

10/23/19

Originally formed to help consumers spot recurring charges, Truebill is adding banking and financial management features to its app.

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Challenger banks already had trust issues. Then came the service interruptions.

10/23/19

Outages last week at Chime and Varo Money have executives on the defensive.

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Banks must act now or risk becoming a ‘footnote’: McKinsey

10/22/19

A majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs, the consultancy said in its annual review of the industry released this week.

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Don’t buy what Zuckerberg’s selling on Libra

10/22/19

Facebook’s cryptocurrency would not help underserved communities, despite the claims of its CEO, who is slated to appear before Congress this week.

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OCC lacks legal power to create fintech charter, court rules

10/21/19

The judge sided with the New York Department of Financial Services, which had sued the OCC over the proposed charter.

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Earnings season wraps up; Financial risks from climate change

10/18/19

The big five banks had divergent results; San Francisco Fed publishes 18 papers on the dangers posed to businesses and communities by climate change.

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Bank, fintech team up to offer no-cost early wage access

10/18/19

The service from Evolve Bank & Trust and Branch lets workers access a piece of their next paycheck to meet unexpected expenses.

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'Enough of this nonsense': Comments of the week

10/17/19

Readers cast doubts on regulatory attempts to jointly revamp the Community Reinvestment Act, react to Democrats berating the CFPB head, an upcoming House hearing with Facebook's CEO and more.

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