…as banks risk suspension of operating licence Financial and economic analysts have raised concerns over a proposed bill at the House of Representatives which seeks to prohibit age restrictions for the employment of Nigerian citizens in banks and other financial institutions. The bill, which aims to amend the Banks and Other Financial Institutions Act 2024
As more consumers embrace mobile apps and digital wallets, traditional banking, with its in-person visits and waiting in long lines, is gradually becoming a thing of the past. Over the past few years, we’ve witnessed a fundamental shift in how people manage their money. In 2024, over 60% of banking customers in the U.S. and
Sen. Tim Scott, R-SC, is projecting early May for a full Senate vote on Jonathan McKernan’s nomination to lead the Consumer Financial Protection Bureau. The Senate Banking Committee, which Scott chairs, voted last month to advance McKernan’s nomination as CFPB director, and a full Senate vote is “imminent,” the senator said Tuesday during the American
The brick-and-mortar banking experience that retirees relied on growing up is waning. You may be aware that bank closings are becoming common these days as more people shift to mobile apps and online banking. There may be a bit of a learning curve for retirees, but once they make the switch, it can open up
Jody Bhagat: President of Americas at Personetics, a global leader in data-driven personalization & CE for financial institutions. getty The financial services industry has hit an inflection point. Banks currently face a moving target: As customers live more of their lives in digital channels, they expect the same level of personalization from their financial apps
The CEO and chairman of the nation’s largest bank did a 180 on President Donald Trump‘s tariffs — again. As markets around the globe and in the U.S. continue to plunge after Trump launched a trade war, JPMorgan CEO Jamie Dimon just issued a warning to his shareholders that the “tariffs will likely increase inflation
If your money is sitting in a regular savings account, you might want to rethink that — and fast. President Donald Trump just announced sweeping new tariffs on imports, which will likely have ripple effects throughout the banking system. While it’s too early to say exactly how this will play out, there are some clear
Our research is based on information from the following financial institutions: Acorns, Affinity Federal Credit Union, Affirm, Albert, Alliant Credit Union, Ally Bank, Amalgamated Bank, American Express, Andigo Credit Union, Apple Federal Credit Union, Armed Forces Bank, Aspiration, Axos Bank, BancorpSouth Bank, Bank of America, Bank OZK, Bank5 Connect, BankDirect, BankPurely, BankUnitedDirect, Barclays, Bask Bank, BB&T, BBVA, BECU, Bethpage Federal Credit Union, Betterment, Blue Federal Credit Union, BlueVine, BMO Harris, Bread Financial, Brex, BrioDirect Banking,
Our Nerds say: “The best checking accounts are designed to be used for all of your regular purchases and transactions, so make sure to pick one that has all of the features that matter to you. “If you need a flexible overdraft program, pick a bank that has low or no overdraft fees or a
Non-performing assets (NPAs) among Kisan credit card (KCC) accounts across various banking sectors havs seen a consistent decline over the last few years, indicating a deepening of the credit culture and increased credit discipline in the agriculture sector, according to an official note. Referring to data from RBI and Nabard, the agriculture ministry has stated