CFPB: Borrowers Entitled to Explanation for Credit Denial, Even if Credit Decisions are Based on Complex AlgorithmsBy: Ken Chase. The Consumer Financial Protection Bureau (CFPB) visbanking.com/cfpb-borrowers…

Major Financial Firms Deny Boycotting Energy CompaniesBy: Ken Chase. In a recent response to a request for information from Texas Comptroller Glenn Hegar, the asset management firm Blackrock denied boycotting energy companies. visbanking.com/major-financia…

"Ever wonder why Neobanks are flipping the script in the UK? 🇬🇧💱Read on... Monzo, a UK Neobank, recently struck gold with profitability - a headline grabber! 🎯Monzo, along with most UK Neobanks, stands unique, holding a banking license. Odd one out? visbanking.com/ever-wonder-wh…

"Who holds the keys to the kingdom in the U.S. banking industry?"Did you know just 33 banks, out of thousands, control over 70% of the U.S. banking industry? Talk about the ultimate power club! visbanking.com/who-holds-the-…

Studies Show Decline in Customer Satisfaction with Bank and Credit Card Digital ServicesBy: Ken Chase. J.D. visbanking.com/studies-show-d…

Is the future of office buildings bleak or ripe with possibilities? 🤔Let's tackle the elephant in the room: high vacancy rates in office buildings, especially in major metros like NYC. It's clear - change is inevitable. But how bad will it hit the banks? visbanking.com/is-the-future-…

Dallas Fed President Calls for 'More Restrictive Monetary Policy'According to Dallas Federal Reserve President Lorie Logan, recent economic news suggests that interest rate hikes need to continue. visbanking.com/dallas-fed-pre…

Senate Banking Cmte Chair Calls on Wells Fargo to Finally Fix Long-standing ProblemsBy: Ken Chase. visbanking.com/senate-banking…

Capital One Launches Enterprise B2B Software BusinessBy: Ken Chase. In a press release this week, Capital One Financial Corp. unveiled its new enterprise B2B software company, Capital One Software. visbanking.com/capital-one-la…

No way banking can just sit still, right?Nope, not happening! Banking's like magic, always whipping up fresh tricks. It's saying 'hi' to the unbanked, and lending? Remodeled with cool ideas boosting capital access. Heard of alternative credit scoring? visbanking.com/no-way-banking…

Ever wondered how someone could start a bank during a financial crisis?I launched an $11 billion bank amidst the 2008 chaos. 🌪️ Let's rewind to March 2008, when the world of finance was in turmoil. visbanking.com/ever-wondered-…

Mastercard Using AI to Help Banks Combat Payment ScamsIn a press release this week, Mastercard touted its AI-powered solution to help banks combat payment scams. According to the company, several banks in the UK are actively using its anti-fraud system. visbanking.com/mastercard-usi…

SVB Financial Sues FDIC For Regulatory SeizureSVB Financial Group has sued the Federal Deposit Insurance Corporation (FDIC) over its regulatory seizure of $1.93 billion. visbanking.com/svb-financial-…

Biden Pick for Fed Banking Supervision Role One Step Closer to Senate ConfirmationBy: Ken Chase. visbanking.com/biden-pick-for…

Have you ever experienced a cross-currency loan crisis firsthand?My trip to Hungary in 2009 landed me right into one! The Hungarian Forint took a 47% plunge against the Euro and Swiss Franc in the middle of 2008. visbanking.com/have-you-ever-…

"Your word is your bond"- My grandfather's advice has shaped my work ethic and my life. In other words, "Whatever comes out of your mouth, you make it happen." This Italian saying instilled in me the belief that your "say-do ratio" should be 100%. visbanking.com/your-word-is-y…

Ever thought about how predictive analytics can revolutionize the banking industry?At #Visbanking, we're shifting the focus from the historical past to the future, leveraging advanced machine learning models. visbanking.com/ever-thought-a…

CFPB Enforcement Action to Cost BofA More than $250 MillionThe Consumer Financial Protection Bureau (CFPB) announced enforcement action against Bank of America this week. visbanking.com/cfpb-enforceme…

How often do you step into the unknown?I did back in 2008 when I was tasked to start a bank at the height of the financial crisis. On a regular Friday morning, my boss said, "We're starting a bank." Unbelievable, isn't it? visbanking.com/how-often-do-y…

Impact of Interest Rates on Bank Profitability in 2024The anticipated gradual increase in interest rates in 2024 is set to significantly impact the banking industry across various dimensions. visbanking.com/impact-of-inte…