Banking News and Analysis | Banking Dive
What Jamie Dimon’s potential successor says about regulation, customer growth Marianne Lake, CEO of consumer and community banking at JPMorgan Chase, worries most about an uneven playing field, where “as a result of regulation or legislation, effectively, winners and losers are being picked,” she says.
Retail Banking News | Banking Dive
Dec 19, 2024 · Flagstar fined $3.5M for ‘misleading’ after 2021 cyberattack The bank “negligently made” materially misleading statements after a hack that resulted in the theft of 1.5 million customers’ personally identifying information.
Banking News and Analysis | Banking Dive
Carver board members reelected, but activist investor calls for ‘transparency’ The CEO of investor Dream Chasers, which sought to install two of its own members to the bank’s board, protested the vote and said the firm “will pursue every avenue available to ensure a …
The banking industry outlook on 2024: The year of wait-and-see
Jan 30, 2024 · Banking Dive looks at nine of the most critical opinions regarding the rule. But 2024’s regulatory landscape hardly ends there. Regulators have begun the year at a torrid clip. The OCC suggested doing away with a hastened version of bank merger review.. The Consumer Financial Protection Bureau floated a proposal that could cut overdraft fees as low as $3.
Balancing deregulation and compliance: The double-edged sword …
1 day ago · The Unique Challenges of 1071. The CFPB’s proposed Small Business Lending rule (Dodd-Frank 1071) is not just another box to check for compliance teams—it represents a fundamental cultural shift, particularly for commercial lenders, along with …
Banking News and Analysis | Banking Dive
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
Deep Dive - Banking Dive
Jan 19, 2024 · A year after SVB, what’s improved and what needs work? Banking Dive looks at six factors — from upcoming regulations to commercial real estate — to see how the landscape has changed between the crises of 2023 and 2024.
How open banking will shape the future of payments
Oct 29, 2024 · The advent of open banking in the U.S. could change the way consumers apply for credit cards and pay for goods and services. The new approach to letting consumers share personal account information and other financial data is aimed at increasing competition among financial institutions for consumers’ business.
Many regionals lack clear strategy for private credit threat: analyst ...
Sep 6, 2024 · Some large banks have dismissed the threat private credit poses to the banking industry, saying nonbanks are mostly extending loans banks wouldn’t.. But that’s no longer the case, according to Richard Rosenthal, a principal in Deloitte’s risk and financial advisory practice. “I don’t think this is just the stuff that banks are turning down anymore,” Rosenthal said during a …
How onboarding sets banks and customers up for a long and …
Nov 6, 2023 · Financial services executives are aware of the connection between satisfied customers and financial performance. Early in 2023, the International Data Corporation (IDC), a global market intelligence firm, released survey findings that found that customer experience and satisfaction was ranked as the third priority among bank executives, surpassed only by revenue growth and the need to build a ...