PayThink is focused on the rapidly changing, inter-connected markets of debit, credit, mobile, prepaid and digital payments. As the payments industry strives for faster innovation to launch new products ahead of competitors, PayThink provides insight from market participants and innovators leading the way. PayThink is designed for executives looking to stay relevant in the ever-changing payments ecosystem by finding and honing their competitive edge.
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Doug Simons is a former investment banker who worked at Morgan Stanley, Credit Suisse and UBS as an advisor to U.S. banks and other financial institutions. Most recently, he served as a senior markets and policy fellow at the Consumer Financial Protection Bureau, where he advised the director and his team on issues related to the banking industry. In this role, he also represented the CFPB on FSOC's Systemic Risk Committee.
February 5
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Mortgage rates edged higher after the Fed held rates steady, with markets weighing political shifts, Treasury moves and mixed signals on where borrowing costs head next.
February 5
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This month, Bank of America plans to unveil new incentives for cardholders with higher account balances. Reworking the rewards program is one lever the firm is pulling in its effort to lift the annual profit of the consumer unit to $20 billion by the end of the decade.
February 5
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Noelle Acheson argues that growing demand for dollar-denominated stablecoins is going to give the Treasury Department increasing influence over the direction of the U.S. economy, perhaps at the cost of the Federal Reserve.
February 5
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Fraudsters and modestly dishonest employees can use generative AI to quickly create convincing fake utility bills, pay stubs, passports and other documents banks rely on.
February 5
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Federal Reserve Gov. Lisa Cook said in a speech Wednesday night that the central bank's credibility depends on its ability to bring inflation back to its 2% target.
February 4
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Elizabeth (Liz) Reimer serves as the chief human resources officer at Premise Health, where she leads the company's overall human resources strategy. She manages major initiatives across talent recruitment, leadership development, HR technologies, data analytics, employee engagement, employee relations, HR business partnerships, and comprehensive rewards packages—including pay, benefits, and wellness programs.
February 4
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The Spanish banking giant is accelerating its U.S. growth plans with the pending acquisition of Webster Financial in Connecticut. The combined entity will be the second-largest foreign-owned bank operating in the country.
February 4
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The latest directive, which takes effect in March, allows only U.S. citizens and nationals to seek government-guaranteed financing. It's drawing criticism from Democrats in Congress, small-business advocates and some lenders.
February 4
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Prosecutors allege Curtis Weston and a bank insider used fraudulent loans to fund stock market trades, leaving the bank with $20 million in losses.
February 4
