More Than Half of ATMs Now Located Away From Branches

Globally, more than half of all ATMs are now installed away from bank branches, and in the United States, about two-thirds are, according to new findings from a study by London-based research and consulting services firm RBR. The study, released last week, researched...

CFPB Sues Navient, the Largest US Student Loan Servicer

The Consumer Financial Protection Bureau is suing Navient, the country’s largest student loan servicer, for illegal repayment practices. The CFPB charges that Navient, formerly part of Sallie Mae, provided bad information to borrowers, processed payments...

Trump Should Retain MBL Rule, Conservatives Say

A coalition of conservative groups is urging the incoming Trump Administration to retain the NCUA’s Member Business Loan regulations and to support legislation to loosen business lending even more. “As conservative, libertarian, and free-market...

DOL Quickly Releases Another Batch of Fiduciary FAQs

The Department of Labor has issued back-to-back guidance, in the form of frequently asked questions, for advisors as well as for investors and workers regarding its fiduciary rule, which takes effect on April 10. On Friday, DOL released a 17-page FAQ that...

Retail Fraud Up Almost a Third During 2016 Holidays

The growth rate in retail fraud appears to have surpassed the growth rate in e-commerce transactions over the 2016 holiday season, according to a new survey by Naples, Fla.-based electronic payments provider ACI Worldwide. The data, which was based on hundreds of...