Banks Related Topics 
Account Recovery
JULY 10, 2024
The Consumer Financial Protection Bureau yesterday announced a pair of enforcement actions against Fifth Third Bank, including force-placing unnecessary auto insurance and opening unauthorized accounts. The bank will pay fines and customer restitution in the amount of $20 million.
Account Recovery
JUNE 6, 2024
This move aims to accelerate the transition to open banking in the United States, ensuring a fair […] These bodies will play a crucial role in helping companies comply with the upcoming Personal Financial Data Rights Rule.
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Consumer Finance
JULY 8, 2024
The CFPB took action against repeat offender Fifth Third Bank for a range of illegal activities that would result in the bank paying millions in penalties as well as paying redress to harmed consumers.
Account Recovery
SEPTEMBER 30, 2022
In a consent order that was announced yesterday with the Consumer Financial Protection Bureau, Regions Bank has agreed to pay $191 million in fines and restitution after it was accused of charging its customers “illegal surprise” overdraft fees on certain purchases. A copy of the consent order can be accessed by clicking here.
Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert
In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers. faster than their competitors.
Account Recovery
NOVEMBER 22, 2022
JPMorgan Chase and Mastercard have announced a partnership that will enable consumer data to be shared by “trusted” entities and allow consumers to pay bills from their bank account with greater ease and security. The post JPMorgan, Mastercard Partner on New Pay-by-Bank Service appeared first on AccountsRecovery.net.
Account Recovery
NOVEMBER 16, 2021
A coalition of District Attorneys from across the state of California have reached a settlement with Synchrony Bank that will see the creditor pay $3.5 The company will … The post Bank Settles Collection Call Lawsuit for $3.5M appeared first on AccountsRecovery.net.
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
From a budget standpoint, US banks are feeling the pinch. Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased. The largest banks have increased reserves to protect against deteriorating economic conditions. Global economic conditions are soft at best.
Speaker: Ryan McInerny, CAMS, FRM, MSBA - Principal, Product Strategy
May 18th, 2023 at 9:30 am PDT, 12:30 pm EDT, 5:30 pm BST
Speaker: Elizabeth "Paige" Baumann, Founder and CEO of Paige Baumann Advisory, LLC
Paige Baumann will walk us through the impacts of the AMLA, and you'll leave this session with a new understanding of: The catalysts for this new law and how it amended the Bank Secrecy Act of 1970 Rulemaking and other actions taken by the U.S. The AMLA represents the most significant changes in U.S.
Speaker: William Hord, Senior VP of Risk & Professional Services
Does our bank understand and support the importance of a strong ERM program to continue to position our company for growth? How are we measuring and rating our risk impact, likelihood, and controls to mitigate our risk? Are we leveraging risk velocity and vulnerability to obtain more granular residual risk results?
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Understanding these attitudes and using them to inform marketing messages enables community banks, regional banks and credit unions to better serve their customers. The experiences of every generation are characterized by their behaviors involving finances.
Speaker: Karl Camilleri, Cloud Services Product Manager at phoenixNAP
As a result, data protection needs to be a concern for most banks, businesses, and information technology specialists. million attacks, the threat marked a 148% increase compared to 2020 and was the most expensive year on record! It’s mindboggling, but right now for 49% of respondents, cybersecurity is their primary business concern.
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