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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The digital bank and lender did not increase its full-year outlook in anticipation of an interest rate freeze.
April 29
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As Federal Reserve Chair Jerome Powell gives what is most likely his final press conference as chair Wednesday afternoon, the Federal Open Market Committee is widely expected to keep interest rates steady.
April 29
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Community banks' primary objection to the Main Street Depositor Protection Act appears to be that one provision of it would give credit union customers the same level of deposit protection as bank customers.
April 29
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Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
April 29
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Blue Owl Capital faces fresh scrutiny from investors and Wall Street analysts with the release of its first-quarter earnings.
April 29
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The Chicago-based fintech, which offers high-cost loans, has agreed to acquire the parent company of BNC National Bank. The deal would grant OppFi a national bank charter, which offers a way around state interest rate caps.
April 29
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The government-sponsored enterprise recorded $98.7 billion in single-family loan acquisitions to begin the year, including over $43 billion in refinances.
April 29
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Bank groups said that although the Federal Reserve's eased capital plans are a major improvement over previous versions, the recent proposals still need changes to help avoid risk assessments they say may hinder banks' ability to boost lending.
April 29
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Plaintiffs allege the banks failed to safeguard names, Social Security numbers and account data after a breach at a vendor neither bank has named.
April 29
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Banks have a narrow window to shape how agent identity verification works before transaction volumes force ad hoc approaches that will be harder to standardize later.
April 29
