• ECB Rate Hold, CFPB Payroll Ruling, EPAM Banking Report Insights

  • Jul 18 2024
  • Duración: 4 m
  • Podcast

ECB Rate Hold, CFPB Payroll Ruling, EPAM Banking Report Insights Por arte de portada

ECB Rate Hold, CFPB Payroll Ruling, EPAM Banking Report Insights

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  • Resumen

  • In today's episode:

    - The European Central Bank leaves interest rates unchanged, with market eyes on future policy directions as the euro strengthens against the dollar.

    - The Consumer Financial Protection Bureau classifies payroll advances, or "earned wage access," as loans, prompting potential regulatory changes and industry pushback.

    - EPAM’s Consumer Banking Report shows a decline in customer satisfaction amidst growing concerns over fees and service quality, highlighting the importance of digital innovation for banks.

    - Acting Comptroller of the Currency Michael J. Hsu warns that political polarization poses long-term risks to the U.S. banking system, citing increasing political pressures and the need for strong institutional foundations.

    - Alliant Credit Union appoints Jamie Warder as its new Chief Information Officer and Head of Business Strategy, bringing his extensive experience in digital banking and business strategy to the role.
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