Credit card, Bank, Citigroup, JPMorgan Chase, Bank of America, Washington Mutual

Dimon ‘open-minded’ on deals; CFPB would permit ‘zombie’ debt collection

On Feb 26, 2020
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Dimon ‘open-minded’ on deals; CFPB would permit ‘zombie’ debt collection https://t.co/Cuoqfr0W2l by AmerBanker
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JPMorgan would consider buying other businesses; collectors would be allowed to pursue debt past the statute of limitations, if they warn borrowers.

www.americanbanker.com
On Feb 26, 2020
@FintechBot shared
Dimon ‘open-minded’ on deals; CFPB would permit ‘zombie’ debt collection https://t.co/Cuoqfr0W2l by AmerBanker
Open

Dimon ‘open-minded’ on deals; CFPB would permit ‘zombie’ debt collection

JPMorgan would consider buying other businesses; collectors would be allowed to pursue debt past the statute of limitations, if they warn borrowers.

Morning Scan FICO gets tougher on credit scores; Goldman pushes diversity

The changes will mean a bigger gap between the best and worst borrowers; the bank will require companies they take public to have a ‘diverse’ board member.

Mastercard CEO speaks to digital growth above political headwinds

The U.S. has long lagged in contactless payment adoption — despite aggressive efforts to bring the technology to market years ago — but there’s finally signs of a turnaround as more ...

U.S. banks quietly pull back from riskiest loans amid recession fears

As U.S. bank stocks tanked this month over fears of an impending recession, indu...

JPMorgan’s record profit signals the US economy is just fine, thank you very much

The results defy analysts who were expecting a wobbly first quarter.

FI’s $52 Trillion Threat

Shadow banking now has $52 trillion in assets under its belt. FinTech firms are crowding financial services’ flanks, looking for customers who crave mobile means of managing their financial ...

Adapt to Crypto or Die: JPMorgan and Bundesbank Get the Disruptive Memo

Bundesbank releases statement softening stance on crypto, creating similar contradictions as JPMorgan. Will other banks follow suit?

Rashida Tlaib Says Banks Are ‘Gaslighting’ and 'Duping' Americans About Backing Fossil Fuels, Climate Change

"You are greenwashing your own track record and duping the American people into believing that you are helping address climate change," Representative Rashida Tlaib told bank executives ...

Capital One is a cautionary tale for companies rushing to embrace new tech

Capital One always said it wasn’t like other banks. While other financial giants cautiously waded into their own digital transformations, Capital One’s leadership has sought to ...

5 Most Influential People in Banking in 2018

A lot was said and done in the world of banking and fintech in 2018. In the midst of all the competition and collaboration, leaders emerged from all corners of

Wells Fargo names BNY Mellon's Charles Scharf CEO

The appointment comes after a period of uncertainty around the CEO position at Wells Fargo. The bank is still recovering from a major scandal in 2016.

Barclays Sets Up Digital Asset Team to Explore Crypto Trading

British multinational investment bank and financial services company Barclays is looking to join the cryptocurrency hype among institutional players. A few months ago, CEO Jes Staley ruled ...

JPMorgan Chase CEO: Crypto Projects Pose No Threat to Banking System

JPMorgan Chase CEO Jamie Dimon said that he does not think that crypto projects pose an existential threat to JPMorgan's core business.