by Ken Chase | Nov 25, 2023 | Banks, News
A Deutsche Bank senior ESG executive is arguing that ESG funds should not exclude oil shares and other traditional energy. On Tuesday, the bank’s Private Bank chief investment officer, Markus Müller, said that those share options are vital for investors. Why ESG funds...
by Ken Chase | Nov 16, 2023 | Banks, News
In response to lawmaker pressure, the peer-to-peer payment service Zelle is reportedly refunding money lost by imposter scam victims. According to reports, banks using the Zelle network have been reversing fraudulent transfers initiated after June 30. What was the...
by Ken Chase | Nov 4, 2023 | Banks, Financial, News
The list of firms that are forbidden from doing business with certain Texas governmental entities was expanded this week. Texas state Comptroller Glenn Hegar has added an additional five companies to that divestment list. The fifteen firms on that list have been...
by Ken Chase | Nov 2, 2023 | Banks, News
A new survey for the American Bankers Association (ABA) confirms that mobile banking apps remain popular with consumers. In a press release, the ABA noted that mobile banking is the top choice for 48% of customers. This latest survey marks the fourth consecutive year...
by Ken Chase | Nov 1, 2023 | Banks, News
The Federal Reserve surprised almost no one on Wednesday, as they proposed a reduction in the cap for bank card transaction fees. The proposal is likely to face resistance from large banks and credit card companies. However, major retailer groups have been advocating...
by Ken Chase | Oct 28, 2023 | Banks, News
U.S. regulators have approved a proposal they say will modernize fair lending rules with changes to the 1977 Community Reinvestment Act (CRA). The new rules are part of a broader effort to eliminate “redlining” discrimination. The new rules were approved by three...
