The Bank Policy Institute (BPI) has submitted a statement to the U.S. Senate Banking Committee for a hearing on fees in financial services. The statement explores the numerous ways that banks support businesses and consumers by making financial services safe and accessible.
American Banker recently published an op-ed by American Bankers Association’s (ABA) Rob Nichols, America’s Credit Unions’ Jim Nussle, and Independent Community Bankers of America’s (ICBA) Rebeca Romero Rainey on the harm of the proposed Durbin-Marshall Credit Card Bill. The trade association leaders warn of negative consequences for consumers, community banks, and credit unions if Congress enacts proposed routing mandates on credit cards, urging lawmakers to prioritize consumer interests over corporate mega-stores looking to increase their bottom lines. Together, ABA,...
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, is proud to announce the inaugural AFC Awards to be presented at the 8th Annual Fintech Policy Summit at The Westin Washington, D.C. City Center on Tuesday, November 19th. The Policy Summit continues to be the premier destination for regulatory thought leadership and industry best practice. This year’s Summit is set to be the largest fintech policy event since inception, bringing together prominent industry leaders, regulators, policymakers,...
"Naidich Wurman LLP Responds to SEC Complaint on Behalf of Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer"
Fortis Bank, a high-growth commercial bank serving small- to medium-sized privately held businesses in Colorado and Utah, has appointed Michele Sauk as Market President for the Utah Market. Sauk, a seasoned leader with over two decades of experience in strategic planning and client relationship management, is known for driving innovation and fostering growth in the banking and financial services industry.
Rocket Companies announced the appointment of Shawn Malhotra as its Chief Technology Officer, effective May 6, 2024. In this role, Malhotra will oversee the development and implementation of technology across the company's ecosystem, with a focus on Artificial Intelligence (AI) development, Data Science, Product Engineering, Technology Operations, and Information Security.Rocket Companies' CEO, Varun Krishna, expressed confidence in Malhotra's abilities, stating, "Shawn brings a wealth of expertise and a transformative vision to our technology teams. As we double down on...
Tickets for the 2024 Rocket Mortgage Classic are now available for purchase, offering fans the opportunity to witness world-class golf at the Detroit Golf Club from June 25-30. According to Varun Krishna, CEO of Rocket Mortgage, the event is not just a golf tournament but a celebration of community, innovation, and competition. Krishna highlighted the impact of the tournament on Detroit through the "Changing the Course" initiative, stating, "We’ve made tremendous strides over the last five years and are thrilled to continue impacting the outcome in our city."Defending...
Bank of America Corporation announced today the redemption of its 0.523% Fixed/Floating Rate Senior Notes due June 2024. The bank will redeem all $1,500,000,000 principal amount outstanding of these notes on May 14, 2024. The redemption price will be equal to 100% of the principal amount of the Notes, along with accrued and unpaid interest up to, but excluding, the redemption date.The payment for the redemption will be facilitated through The Depository Trust Company, with The Bank of New York Mellon Trust Company, N.A. acting as the trustee and paying agent for the...
The Independent Community Bankers of America (ICBA) has issued a call to federal regulators to address the excessive regulatory burdens faced by community banks. In a press release dated May 6, 2024, ICBA Executive Vice President and Senior Regulatory Counsel Christopher Cole emphasized the importance of taking action to prevent long-term damage to communities that rely on these local financial institutions.Cole stated, “Consolidation within the industry, acquisitions of community banks by credit unions, and a small number of de novo bank applications are symptoms of the...
BEIJING, May 6, 2024 /PRNewswire/ -- Pintec Technology Holdings Limited (Nasdaq: PT) revealed its unaudited financial results for the first half of 2023. The company, known for providing technology-enabled financial and digital services to the micro, small, and medium enterprises ecosystem, shared insights from the past six months.Mr. Zexiong Huang, Chief Executive Officer and acting Chief Financial Officer of Pintec, highlighted the company's dedication during the challenging economic landscape. He stated, "Amidst the sluggish macroeconomic recovery, during the first...
Goldman Sachs Advisor Solutions (GSAS) has recently unveiled a new lending feature aimed at aiding eligible clients of Registered Investment Advisors (RIAs) in accessing greater liquidity. The innovative tool allows clients to borrow against specific types of alternative investment positions in their portfolios.In a statement, Jeremy Eisenstein, Managing Director at GSAS, highlighted the importance of providing solutions that empower RIAs with flexibility in managing their clients' assets, stating, "Complex financial situations require solutions which empower RIAs with...
Dallas, May 6, 2024 /PRNewswire/ -- Get ready for the launch of a groundbreaking talk show titled "Doctora Nancy," featuring the illustrious Nancy Alvarez, as announced by reVolver Podcasts. Produced by Cisneros Media, this series will delve into family dynamics, couples' challenges, and the often-taboo subject of sexuality, promising an enlightening exploration for audiences.Drawing from her expertise as a licensed clinical psychologist, sexologist, and family therapist, Nancy Alvarez brings professionalism, candor, and compassion to the show. Through face-to-face case...
American Fintech Council (AFC) CEO, Phil Goldfeder, recently commented on the release of the Joint Agency Third Party Risk Management Guide, emphasizing the positive impact of innovative banks and fintech companies on the financial services sector.Goldfeder highlighted the transformative role of these institutions, stating, "Innovative banks and fintech companies have responsibly transformed the way families bank, lend, and transact. They have leveled the playing field and created critical access to financial services for consumers and small businesses long forgotten by...
On May 3, 2024, the Better Business Bureau (BBB) highlighted the significance of utilizing their Scam Tracker tool to combat scams effectively. The BBB Scam Tracker serves as a vital resource for individuals who have encountered or suspect fraudulent activities.Users are encouraged to report their experiences on the platform, with the reassurance that their input can benefit others. According to the BBB, reporting scams not only protects oneself but also serves as a warning to others, potentially preventing financial loss and emotional distress.The BBB collaborates with...
Telephone and Data Systems, Inc. (NYSE: "TDS") has recently finalized a significant financial deal, as reported on May 3, 2024. The company announced the successful closure of a $375 million unsecured debt financing with Oaktree Capital Management, L.P., a leading global investment manager.The funds procured through this financing are earmarked for general corporate purposes, with a specific focus on advancing TDS Telecom's fiber build program. Vicki L. Villacrez, TDS Executive Vice President and CFO, emphasized the company's commitment to expanding fiber services,...
MORRISTOWN, N.J., May 3, 2024 /PRNewswire/ -- Affiliated Dermatologists (AD) has issued a notification regarding a recent data security incident. The company stated, "At this time, AD is not aware of any misuse of any personal information in connection with this incident."According to Affiliated Dermatologists, on March 5, 2024, the company discovered it was the victim of a cybersecurity attack, during which an unauthorized third party accessed their network and left a ransom note. The incident prompted immediate action from AD, including disconnecting network access,...
Welcome to the April 2024 Round-Up from Assetz Capital. Here you can find information about Assetz Capital’s latest case studies, news articles, and blogs.