Columbus, OH

How customers are driving an embedded lending revolution. In another edition of Mambu’s Banking Insights for Growth, David Ruis from Deloitte, Nathalie Werleman from Backbase, and Rashmi Sharma from Mambu discuss the big shifts happening in the lending space, driven by customer demand for speed and personalization. The competition...

This Is The Lending Landscape | Mambu’s Banking Insights for Growth

D•One, the open banking business unit from The ClearScore Group, has announced a partnership with Zopa Bank. The integration will see Zopa Bank add D•One to its roster of partners that provide open banking connectivity and transaction categorisation intelligence. D•One will initially be focussing on Zopa’s loan origination journeys.

Zopa Bank Partners With D•One for Open Banking Services

The latest Trust in Banking Index from Fairer Finance highlights continuing growth in consumer trust in the banking sector, following a decade marred by scandals and reputational issues. Despite the Financial Ombudsman Service1 seeing a recent increase in complaints relating to current accounts and credit cards, Fairer Finance’s data shows that 82% either ‘strongly agree’ or ‘agree’ that they trust their current account provider, while the figure for credit card providers is 81%.

Trust in Banking Index Finds Persistent Gap in Trust Between Challenger and Long-Established Banks

Fortune

When founders realize their dream of a multibillion-dollar acquisition, they usually ride off into the sunset and leave their employees to adjust to a new regime. But Mark O’Hare, the founder of Preqin, is bringing his staff along for this ride after cashing in his 21-year bet. O’Hare and...

The U.K.’s latest billionaire is sharing $650 million with his employees after selling his data company to Blackrock

Monzo, the UK’s largest digital bank, today announces Monzo Pension, a product designed to simplify pension consolidation and give customers more control over their financial future by bringing old pensions together into one fund within the Monzo app. The new Pension product is a direct response to customer pain...

Monzo Announces New Pension Product

Virginia State

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Cheryl E Preston

Benny Hinn was a popular preacher during the 1990s and early 2000s. There were Virginia churches that offered bus rides to his crusades in North Carolina, and I knew quite a few Virginians who purchased his books and tapes and donated to his ministry.

Benny Hinn is being criticized for asking for money again

The Motley Fool

Microsoft is currently the largest holding in the Bill & Melinda Gates Foundation Trust portfolio.

Billionaire Bill Gates Has 33% of His $46 Billion Foundation Invested In This Once-In-A-Generation Artificial Intelligence (AI) Stock

California State

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The HD Post

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules announced today by the Financial Conduct Authority (FCA). From 18 September, they will need to:. Assess cash access and understand if additional...

FCA Confirms Plan to Protect Access to Cash for Consumers and Small Businesses

New York Post

A top JPMorgan Chase executive warned the bank’s 86 million customers that their currently free checking accounts may soon carry a fee, according to a report.

Marianne Lake, CEO of consumer and community banking at JPMorgan Chase, pinned blame for potentially the added burden on Washington regulators — who have pushed an $8 cap on credit-card late payment fees and a $3 cap for over-drafting bank accounts.  

The Consumer Financial Protection Bureau passed the new caps in March, but it is being appealed by a coalition of bank industry groups who sued to stop it before it could becomes law. 





Why...

JPMorgan warns customers they may have to pay for checking accounts

The musician and mogul's firm Marcy Venture Partners may be undergoing a merger with Pendulum Holdings, a firm co-founded by Barack Obama's former financial advisor. Jay-z is reportedly making major waves in the venture capital space. The music legend and mogul’s venture capital firm, Marcy Venture Partner may be laying...

Jay-Z's Venture Capital Firm Is Reportedly Laying Plans To Deploy A Merger That Could Be Valued At $1B

The U.S. Faster Payments Council (FPC), a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, is pleased to announce that Carl Slabicki, Executive Platform Owner of Treasury Services at BNY, has been named the new Chairperson of the FPC Board of Directors. Carl succeeds Michael Bilski, CEO of North American Banking Company, who has served as Board Chairperson since 2019.

Carl Slabicki Named Chairperson of U.S. Faster Payments Council Board of Directors

Indiana State

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Franklin, IN

NewsByJoshua

A wave of closures is hitting Pizza Hut, a pizza chain known for its iconic slanted-roof buildings, with 6,775 locations feeling the pinch in the tough restaurant industry landscape.

A well-known pizza chain with over 6K locations has begun closing some of its stores

Ethena shared plans to allocate a part of its $235 million USDT stablecoin collateral and $45 million surplus reserve in yield-generating real-world asset (RWA) offerings. BlackRock's BUIDL fund pitched for a $34 million allocation, while Steakhouse Financial applied with a lending vault on Morpho Blue. U.S. Presidential Election Will Now...

BlackRock's $500M Tokenized Fund Pitches for Ethena's RWA Investment Plan

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Bucks County Beacon

As chairman of the U.S. Senate Committee on Health, Education, Labor & Pensions, Senator Bernie Sanders released a June report entitled “ By the Wealthy, for the Wealthy: The Coordinated Attacks on Public Education in the United States .” The report is a brief but thorough (16 pages of text, 4 pages of footnotes) takedown of the current wave of attempts to end public education as we know it.

Senator Bernie Sanders Warns in New Report of Right-Wing Billionaire Plot to Sabotage Public Education in Order to Privatize It

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

The Federal Reserve Board on Friday took action to address consumer compliance breakdowns by Green Dot, fining the firm $44 million for numerous unfair and deceptive practices and a deficient consumer compliance risk management program. Green Dot violated consumer law in its marketing, selling, and servicing of prepaid debit card...

Federal Reserve Board Takes Action to Address Consumer Compliance Breakdowns by Green Dot

Gov. Andy Beshear sent a letter to Anne Milgram, administrator for the U.S. Drug Enforcement Administration (DEA) on Wednesday, expressing his support of the U.S. Department of Health and Human Services’ recommendation that the DEA ease restrictions on marijuana.

Gov. Andy Beshear pens letter to DEA in support of easing federal restrictions on marijuana

San Francisco, California, July 24th, 2024, Chainwire. ETZ is transforming retirement planning by making digital assets available to retirees. ETZ, a premier service designed to simplify and enhance digital asset investing in retirement accounts, announced that it would offer SUI, the utility token powering Sui, a high-performance Layer 1 blockchain and smart contract platform, as an investment option integration for holders of its IRAs. ETZ now operates seamlessly with the Sui Network, which means that the SUI token can officially be held as an asset in a Tax-Advantaged Traditional or Roth IRAs, offering an unparalleled solution for investors looking to diversify their retirement portfolios while maintaining all of the tax advantages of keeping their assets in such a fund.

ETZ Adds SUI to IRA Offerings

NewsBreak

Pension and Savings Fintech Cushon Rebrands to NatWest Cushon

Pension and savings fintech Cushon has rebranded to NatWest Cushon a year after the bank took an 85% stake in the business. The change follows the...

Pension and Savings Fintech Cushon Rebrands to NatWest Cushon

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