Banking News and Analysis | Banking Dive
Banking Dive provides in-depth journalism and insight into the most impactful news and trends shaping the banking industry.
CFPB issues final rule on open banking | Banking Dive
Oct 22, 2024 · “The final rule makes clear that when consumers authorize companies to obtain their personal financial data on their behalf, these companies are not acting as service providers to the financial institutions holding the consumer’s data — those companies are acting on behalf of the consumer,” Chopra said Tuesday at a conference …
Banking News and Analysis | Banking Dive
NYCB postpones profitability goal to 2026 The embattled bank recorded a $280 million loss for the third quarter and said it expected to post a loss for 2025, while whittling its profit forecast to 75 cents to 80 cents per share rather than $1.25.
The banking industry outlook on 2024: The year of wait-and-see
Jan 30, 2024 · Banking Dive looks at nine of the most critical opinions regarding the rule. But 2024’s regulatory landscape hardly ends there. Regulators have begun the year at a torrid clip. The OCC suggested doing away with a hastened version of bank merger review.. The Consumer Financial Protection Bureau floated a proposal that could cut overdraft fees as low as $3.
Retail Banking News | Banking Dive
Nov 14, 2024 · The latest retail banking news for banking industry professionals
Banking Technology News | Banking Dive
3 days ago · Pay-by-bank to be used for bills, Plaid CEO predicts Plaid CEO Zach Perret expects consumers to use pay-by-bank services for mortgage and utility payments, but is skeptical they will be used to pay at restaurants or for groceries any time soon, he said.
PNC’s Demchak wants to lean in to open banking for growth
Sep 10, 2024 · Last year, revenue at PNC’s corporate and institutional banking unit rose 6%, totaling $9.4 billion, according to the bank’s annual filing.For the second quarter, the bank’s earnings in that segment fell 7% year over year, average loans were stable, and average deposits dipped 2%.. But PNC – which had $416 billion in deposits as of June 30 – is tasked with growing its deposit share ...
Banking Payments News | Banking Dive
Nov 13, 2024 · The latest banking payments news for banking industry professionals
Fintechs, digital banks make gains in battle for checking accounts
Jul 12, 2023 · Traditional banks are no longer dominating the percentage of new checking accounts that are being opened, as new digital players and fintechs gain ground in the battle for the type of accounts long viewed as the anchor product of a consumer’s financial relationship.. That’s according to survey data gathered by management and technology consulting firm Cornerstone Advisors, which found that ...
Deep Dive - Banking Dive
Jan 10, 2024 · A year after SVB, what’s improved and what needs work? Banking Dive looks at six factors — from upcoming regulations to commercial real estate — to see how the landscape has changed between the crises of 2023 and 2024.
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