March | 2018 | BankNews.com
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Monthly Archives: March 2018

As Graham, CFPB Seek to Roll Back Payday Lending Rule, Democrats Mount Resistance

March 29 — Last week, Senator Lindsey Graham, R-S.C., introduced legislation that would overturn the Consumer Financial Protection Bureau’s payday lending rule. Recent reports have indicated that the CFPB, under Director Mick Mulvaney, will also be internally reconsidering the rule. Democratic leaders, however, are pushing back against potential loosening of the rule, calling payday lending practices “predatory” and “designed to exploit the financial hardships facing millions of hardworking families.”

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Fintech, Regulatory Relief Take Center Stage at ICBA Live 2018 in Las Vegas

March 30 — There was lots of fintech in the exhibit hall, and plenty more in the concurrent “Learning Labs” scheduled throughout four days of the Independent Community Bankers of America annual convention March 12-16 in Las Vegas. Pretty much par for the course at community banker conferences and conventions in this digital age.

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CSI Elevates Three Senior-level Leaders to Its C-suite

March 29 — Computer Services Inc. Recently elevated three senior vice presidents to its executive leadership team: Andy Elliott, Bob Ezell and Diva Narayanan.

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CU RateReset Rolls Launches Knocknock to Promote ‘Just in Time’ Offers

March 29 — CU RateReset, a provider of reset, recapture, pre-approval new loan and CD digital solutions, has launched a new member engagement tool. Web application Knocknock (patent pending) is the first bilateral communication solution that provides members with “just-in-time” offers from a financial institution. The application also provides a means for consumers to request loan and CD resets, new loans and CDs, balance transfers or additional cash from their financial institution.

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Retail Banks Still Lagging on Digital Transformations

March 29 — In new research released by Unisys Corp., less than a quarter of surveyed retail banks rated themselves as “optimal” in their execution of digital transformation strategy.

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