Weekly Regulatory Deadlines | July 01 to July 07
What COVID-19 means for financial globalisation
World Finance 07/06/2020
If truth is the first casualty when war is declared, then the same goes for capital mobility when pandemics strike. This became evident on May 11, when US President Donald Trump ordered the federal pension fund – the world’s fifth-largest pension fund – to stop investing in Chinese equities...
The Next Big Thing Is … Debit
Using credit cards (aka spending the bank’s money instead of your own) seemed so cool — until it suddenly wasn’t nearly as cool anymore. That change in consumer behavior had a lot to do with the market crash of 2008 and differing ideas about financial security, especially between ascendant millennials and cohorts with less collective spending clout...
A hard pivot: How businesses abruptly switched to digital commerce
Nandan Sheth, Fiserv's global head of digital commerce, talks to PaymentsSource Associate Editor David Heun about the unprecedented challenge of bringing businesses into the digital age in an environment where many are adapting only out of necessity...
Consumer bureau revokes payday lending restrictions
The Hill 07/07/2020
The Consumer Financial Protection Bureau (CFPB) on Tuesday revoked rules that required lenders to ensure that potential customers could afford to pay the potentially staggering costs of short-term, high-interest payday loans...
Few banks benefit from CFPB's new high-cost mortgage escrow proposal
National Mortgage News 07/02/2020
Few banks beneﬁt from CFPB's new high-cost mortgage escrow proposal | National Mortgage News Unlock the transformative ideas that help Few banks benefit from CFPB's new high-cost mortgage escrow proposal professionals become leaders...