Growing financial pressures have pushed more adults into living paycheck-to-paycheck and wanting to access their earned pay earlier, calling into question the value of decades-old payroll practices. Join Arizent's Michael Moeser as he explores the highlights of the new American Banker research study called "Faster wage payments disrupt the traditional payday" which covers the changing nature of the traditional payroll cycle and how a new product called Earned Wage Access is set to change how people will be paid in the future.
-
Banking experts said that none of the currently circulating stablecoin proposals adequately address concerns about the overlap between banking and commerce and how a stablecoin issuer would go through insolvency.
6h ago -
The Federal Housing Administration also instituted a new language preference requirement that servicers must observe in transfers.
10h ago -
At an industry conference, Consumer Financial Protection Bureau Director Rohit Chopra said he was open to suggestions on how to increase choice and competition to benefit mortgage lenders and borrowers.
10h ago -
One year after it bought First Republic Bank, the largest U.S. bank by assets is launching J.P. Morgan Private Client, a new tier in its affluent-consumer services that brings together JPMorgan's brand with First Republic's concierge model.
11h ago -
Criminals breached a third-party database storing Santander customer and employee information, a type of intrusion that banks are increasingly facing.
May 20 -
The Florida-based bank, which has been expanding across the South, would enter major markets such as Dallas and Houston with its planned all-stock acquisition of Independent Bank Group.
May 20