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Monthly Archives: January 2017

Fed Removes ‘Large and Non-complex Firms’ From Qualitative Assessment

January 30 – The Federal Reserve Board finalized a rule adjusting its capital plan and stress-testing rules, effective for the 2017 cycle. The final rule removes large and noncomplex firms from the qualitative assessment of the Federal Reserve’s Comprehensive Capital Analysis and Review, reducing significant burden on these firms and focusing the qualitative review in CCAR on the largest, most complex financial institutions.

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ICBA Lawsuit Against NCUA Dismissed

January 25 – A federal district court dismissed the Independent Community Bankers of America’s lawsuit against the National Credit Union Administration and its member business lending rule, stating that the grievances were not timely and that ICBA lacked standing. (more…)

PayPal Leads in Global Wallet Wars

January 30 – Global spend via mobile wallets is expected to rise by nearly 32 percent this year to $1.35 trillion, a new study from Juniper Research has found.

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Top Priorities for 2017: Accelerating Merchant Chip Enablement and Securing Card-Not-Present Channel

January 30 – The U.S. Payments Forum has released its winter 2017 market snapshot, providing updates on the status of the U.S. EMV chip migration, 2017 priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released resources for the payments industry. The U.S. Payments Forum, a cross-industry body focused on deployment of new and emerging payments technologies in the U.S., has been the source for EMV implementation guidance since the start of the migration in 2012, and recently expanded its scope to support the introduction and implementation of additional new and emerging payment technologies.

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Neo and Challenger Bank Customer Base to Grow by 50.6%, Globally, by 2020

January 27 – According to a new report published by Allied Market Research, titled, “Neo and Challenger Bank Market-Global Opportunity Analysis and Industry Forecasts, 2016-2020,” the collective customer base of the neo and challenger bank is expected to grow at a CAGR of 50.6% from 2017-2020. Neo and challenger bank market trends are expected to be progressive in coming years. China is expected to witness the highest growth rate during the forecast period, owing to the large pool of underbanked consumers and surge in online and mobile banking users.

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