How FIS is spinning off Worldpay; Supreme Court vs. bank regulators
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Why FIS changed its Worldpay spinoff plan: The payment processor Worldpay was originally supposed to be publicly traded. By taking the unit private and retaining a stake, FIS can remain competitive in merchant services.
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Supreme Court could limit enforcement powers of U.S. banking agencies: A challenge to the SEC's use of administrative law judges could have big implications for bank regulators. The Federal Deposit Insurance Corporation (FDIC) , Federal Reserve Board , Office of the Comptroller of the Currency and CFPB could be forced to go to federal court in cases that would otherwise be handled in-house.
CFPB report shows late fees are not a top complaint — for a reason: The Consumer Financial Protection Bureau wants to wipe out $9 billion a year in consumer costs by cutting credit card late fees to just $8. But consumer complaints about late fees remain low, and experts say that's because many first-time late fees are forgiven.
'Just a kid from Wyoming': Caitlin Long fights for regulated crypto: Long, founder and CEO of Custodia Bank, has pushed digital asset regulation in her home state of Wyoming. Now she's working on a national scale.
How credit union branches are doing more with less: MSU FCU and its peers are streamlining branch design and staffing to improve customer service while managing the rising costs of real estate and construction.
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
1 å¹´Well said.