Retail: Page 71

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    Senate panel poised to hear pot banking challenges

    Tuesday's hearing comes as the bipartisan Secure and Fair Enforcement (SAFE) Banking Act gains momentum in Congress.

    By • July 22, 2019
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    Ally
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    Ally abandons credit card business for point-of-sale loan model

    Ally Financial hopes its $190 million purchase of a medical lending company will push its point-of-sale capabilities to other retail sectors.

    By • July 19, 2019
  • Frost Bank skyscraper Explore the Trendlineâž”
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    Permission granted by Frost Bank
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    Trendline

    Top 5 stories from Banking Dive

    Since the approval of Capital One’s acquisition of Discover, banks have increasingly waded into new deals. Beyond that, they’ve doubled down on strategy, from organic growth to branch placement to app design.

    By Banking Dive staff
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    SunTrust Plaza
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    BB&T, SunTrust reveal $60B community benefits plan ahead of merger hearing

    News of the banks' Community Benefits Plan comes ahead of a House Financial Services Committee hearing July 24 where lawmakers will examine the proposed merger.

    By • July 17, 2019
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    Ally
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    Ally Financial plays 'truth or dare' with social-based 'Confessiongrams'

    A gamified campaign seeks to remove stress and stigma from discussions about money.

    By Robert Williams • July 15, 2019

  • Banking industry expected to invest $387B in IT in 2019

    Gartner predicts a 7.8% increase in software investment year-over-year.

    By • July 15, 2019
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    YouTube US Bank
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    Omnichannel allows banks to offer 'channel of choice'

    Faced with competition from digital banks that don't have the same fixed costs around physical distribution, omnichannel strategy allows traditional banks to "leverage the best of both worlds."

    By • July 11, 2019
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    Investment Zen
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    Student loan forgiveness creates moral hazard, critics say

    Removed from the consequences of their financial decisions, borrowers may take risks they otherwise wouldn't.

    By Robert Freedman • July 9, 2019
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    Alex Hickey
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    Top US banks join over 200 corporations to sign LGBTQ rights amicus brief in SCOTUS cases

    Lambda Legal described it as a "landmark brief" with more corporate signers than any other previous brief supporting the LGBTQ community.

    By Valerie Bolden-Barrett • July 9, 2019
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    SunTrust Plaza
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    SunTrust joins wave of banks cutting ties with private prison industry

    The bank said the decision was made "after extensive consideration of the views of our stakeholders on this deeply complex issue."

    By • July 9, 2019
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    geralt via Pixabay
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    Banks take wait and see approach to ROI on AI deployment

    Gartner's Moutusi Sau said the banking industry as a whole still waits to see actual value from their current AI projects before committing more resources to the emerging tech.

    By • July 8, 2019
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    Citi first major US bank to join UN sustainability initiative

    The U.N. says the principles are meant to align banks with the organization’s Sustainable Development Goals and the Paris Climate Agreement.

    By • July 3, 2019
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    JPMorgan Chase
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    JPMorgan Chase opens flagship New York branch ahead of nationwide expansion

    The bank plans to hire 3,000 employees as part of its overall expansion, which includes 400 branches in 20 new markets.

    By • July 3, 2019
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    Brittany Lynn Photography
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    ABA, ICBA say overdraft opt-out rule working as intended

    Banks are giving consumers a chance to avoid overdraft protection fees, while presidential candidate Corey Booker aims to strengthen curbs even further. 

    By Robert Freedman • July 2, 2019
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    Share America
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    Banking, tech top grads' ideal employer list in new survey

    High-profile companies with notable brands and cultures appeal to recent grads the most, the Universum Global survey noted.

    By Valerie Bolden-Barrett • June 6, 2019
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    Flickr; Mike Mozart
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    Bank of America hires 4.7K workers from low- to middle-income communities

    The bank said it expects to surpass its 2018 commitment to hire 10,000 workers from this group during a five-year period.

    By Valerie Bolden-Barrett • April 29, 2019
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    Jonas Leupe/Unsplash
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    55% of US mobile users can't live without cash, study says

    While cashless payments promise security and convenience, many businesses are reluctant because of higher costs and some lack of consumer interest.

    By Robert Williams • April 22, 2019

  • Bank of America to raise workers' minimum wage to $20 an hour

    "We believe that to best serve our customers and clients, we need the best teams," CHRO Sheri Bronstein said in a statement.

    By Valerie Bolden-Barrett • April 11, 2019