Coronavirus Impact
Coronavirus Impact
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The coronavirus pandemic has cast a shadow over the use of cash, which is often perceived as dirty because it frequently changes hands and is almost never washed.

July 17
1 Min Read

The growth in remittance providers' digital customer sign-ups accelerated as the U.S. went into a nationwide lockdown in the middle of March, and has continued through the summer despite store reopenings that could pull customers back to their old habits of paying in person.

July 17
5 Min Read
“This program that we established in Congress has been received by the persons who are charged with recording these forbearance agreements— the servicers — it has been received by them as an honor system,” said Rep. Al Green, D-Texas.

The coronavirus relief law allows forbearance plans for up to a year on federally backed mortgages, but House Democrats say homeowners have had difficulty getting relief.

July 16
4 Min Read

Bank of America was the latest large bank to report a second-quarter drop in the key earnings metric after a March surge in credit line utilizations gave way to rapid payoffs in May and June.

July 16
4 Min Read
While Bill Rogers, Truist's president, said most tasks remain on schedule, CEO Kelly King warned that the coronavirus pandemic would delay the bank's systems conversion.

The North Carolina regional created by the merger of BB&T and SunTrust is saving money by shedding office space and reworking vendor contracts, but it was forced to put its systems integration on hold for up to a year to prioritize tech upgrades tied to the pandemic.

July 16
3 Min Read

Fraudsters hit U.S. banks and merchants hardest with bogus credit card applications in April, while most consumers were in full pandemic lockdown, according to new data from Socure.

July 16
1 Min Read
Thumbnail for Video: 'More Sophisticated': Evolution of the Bank-Fintech Dialogue
BankThink

The coronavirus pandemic has exposed weaknesses even at well-established fintechs. They could become more resilient by partnering with traditional financial institutions.

July 16
4 Min Read
A commuter wearing a protective mask swipes a metro card through a turnstile slot at a subway station in New York

Mass transit usage cratered during the coronavirus pandemic, but there’s signs of recovery based on how people are paying for their fares.

July 16
3 Min Read
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