Consolidation in the banking sector is set to accelerate.
If you’re considering the forces shaping the future of your bank and the banking industry—and you should be—keep an eye on the “digital disrupters.”
The Consumer Financial Protection Bureau today finalized a policy under which companies may request “no-action” letters indicating that bureau staff have “no present intention” to initiate enforcement or supervisory actions based on a particular product or aspect of a product.
A responsibly regulated fintech industry is essential for ensuring consumer protection and allowing for greater cooperation between banks and alternative financial service providers, ABA President and CEO Rob Nichols said in an op-ed in American Banker today.
A new report from the Federal Trade Commission outlines several risks related to discrimination for companies using “big data” to make decisions about credit, employment and marketing.
Three in 10 bank customers used mobile banking on a weekly basis in 2015, exceeding for the first time the 24 percent who visit branches weekly, according to a new report from Javelin.
Despite sluggish adoption of the technology, it is increasingly necessary to ward off competitors, get ahead of regulators and engage customers.