Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection Bureau, which accused the bank of forcing vehicle insurance onto borrowers who had coverage and setting up fake accounts in...
Fifth Third Bank is working with business payments provider Bottomline to offer new payment options. The companies debuted of Enhanced Payables — powered by Bottomline and its business payments network, Paymode-X — designed to help customers streamline their payment processes and enhance cash flow management and efficiencies, according to a Tuesday (May 14)...
America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the Financial Times (FT) Monday (Jan. 29), the pressure to keep depositors from leaving has begun to...
Regional banks across the United States are reportedly deciding to cut back on lending in order to preserve capital and improve margins. Banks are unloading low-yielding bonds and loans or letting them mature and not replacing them in order to raise the average interest rates...
November 11, 2022
Fifty-five percent of consumers say their pay is falling behind in the race against inflation. Amid consumer anxiety about the rising cost of living, employees say they want more from payroll — including financial wellness benefits. A recent PwC survey found that more than three-quarters of financially stressed employees said they would be drawn to […]
April 22, 2022
As the pandemic has pushed all sectors of the economy toward greater digitization, B2B payment functions have become increasingly dependent on technological solutions, and that trend is not going away....
November 02, 2021
Data may be the new currency, but it is mobility that will help leverage that data to forge the connected economy. To that end, a trio of payments professionals told...
October 15, 2021
Digital payments are quickly becoming the new normal worldwide, with more than $6.6 trillion in digital payments expected to crisscross the globe this year. This growth is not likely to...
July 11, 2024
Fifth Third Bank says it has introduced tools to make changing financial institutions easier. “Switching banks has historically been stressful — scheduling an appointment at a bank to fill out applications, figuring out HR processes to set up direct deposit for a new account, waiting for money to be available, and ensuring bills get paid on time,” the […]
July 09, 2024
Fifth Third Bank must pay $20 million to resolve litigation in its auto lending practices. The settlement followed an investigation by the Consumer Financial Protection Bureau, which accused the bank...
May 14, 2024
Fifth Third Bank is working with business payments provider Bottomline to offer new payment options. The companies debuted of Enhanced Payables — powered by Bottomline and its business payments network, Paymode-X — designed to help customers streamline their...
January 29, 2024
America’s regional lenders say they’re emerging from the shadow of Silicon Valley Bank. That bank’s collapse last year sent shockwaves through the industry, but now, executives at mid-sized banks told the...
