Payments Modernization Can’t Be Delayed Anymore
Money 20/20, one of the largest financial conferences in the world, has become a must-attend for payments, fintech, and banking professionals. This year, hot topics included instant payments, cross-border payments, and the integration of AI into fintech. However, the acceleration of payments innovations has also caused a decided shift in the show’s tone. In a […]
Small Banks Still Struggling with Credit Card Delinquencies
Despite an improving economy, credit card delinquency rates have remained persistently high over the past couple of years. Following the pandemic, delinquency rates initially dropped as the economy recovered, reaching a low of around 1.5% in 2021. However, this figure has since climbed to 3.2%—the highest level since 2012. Even more worrisome is the disparity […]
CFPB Aims to Reduce the Financial Impacts of Domestic Violence
The Consumer Financial Protection Bureau has proposed rules designed to reduce the impact of coerced debt on victims of domestic violence and elder abuse. In many cases, abusers manipulate or intimidate their spouse or family member into applying for credit cards or loans. Abusers may open accounts in the victim’s names without their knowledge, coerce […]