CFPB vs. fees; Mastercard + metaverse; banks vs. wire fraud; earnings preview
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
CFPB's rulemaking agenda focused on bank fees: The Consumer Financial Protection Bureau 's latest rulemaking agenda reflects the efforts of Director Rohit Chopra to reduce credit card late fees and overdraft fees.
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Here's more of what we're covering today in banking, credit unions, fintech, payments and regulation:
Mastercard's plan to bring music to the metaverse: By opening a recording-artist accelerator featuring virtual worlds and nonfungible tokens, 萬事達卡 plans to reach an industry that appeals to young consumers.
Lawsuits test banks' liability in wire fraud cases: The plaintiffs allege that 摩根大通 and PNC did not catch obvious red flags or implement proper safeguards such as requiring two employees to approve each transaction.
Digital-only Alliant Credit Union overhauls account-opening: The Chicago-based Alliant Credit Union partnered with MANTL to streamline how credit unions onboard new customers in multiple channels.
Five trends to watch in fourth-quarter bank earnings: The impact of a weakening economy on quarterly performance will become clearer by the second week of January as banks begin to report fourth-quarter earnings.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
2 年Thanks for posting.
Sr. Business Lending Development Consultant at Wells Fargo District Sales Manager - MO, NE, OK , KS, AR, Southern IL
2 年KATY O'DONNELL 10/19/2022 06:38 PM EDT Updated: 10/19/2022 07:44 PM EDT An appeals court on Wednesday ruled that the Consumer Financial Protection Bureau’s funding mechanism is unconstitutional, in a victory for lenders that have targeted the agency’s structure in a years-long bid to tamp down regulation.