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Gen Z Banks on Digital, Arkansas Banks Seek to Adapt
Arkansas banks are racing to meet Gen Z’s digital-first expectations — offering faster apps, instant deposits, and easy account setups —while still keeping branches nearby for peace of mind. read more >
by Chloe McGehee -
Money Stored in Payment Apps Could be Vulnerable, Financial Watchdog Warns
The alert comes several weeks after the failure of Silicon Valley Bank, Signature Bank and First Republic Bank, which all experienced bank runs after fearful customers with uninsured deposits pulled their money en masse. read more >
by Associated Press -
As ‘Buy Now, Pay Later’ Plans Grow, So Do Delinquencies
Another concern among advisers and consumer advocates, as well as Washington lawmakers and regulators, is the ease with which consumers can layer on these installment loans. read more >
Major Companies Stay Mum on Thorny Abortion Issue — For Now
Some experts believe companies are holding off weighing in because they want to wait to see the court's final ruling. read more >
by Associated Press -
PayPal Exec John Rainey Named Next Walmart CFO
Rainey brings experience leading innovation-minded customer service organizations, CEO Doug McMillon said. read more >
Corporations Become Unlikely Financiers of Racial Equity
In the months since the police killing of George Floyd sparked a racial reckoning in the United States, American corporations have emerged as an unexpected leading source of funding for social justice. read more >
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No Summer Fling (Gwen Moritz Editor’s Note)
Instead of simply asking what white-owned businesses can do to promote diversity in their workforce or in their customer base, Americans of goodwill are asking how they can make minority-owned businesses more stable and profitable. read more >
by Gwen Moritz -
Where Politicians Fear to Tread (Editorial)
A curious shift (one of many) has taken place in American politics in the past couple of years. Corporate America has begun taking the lead on political issues. read more >
Churches Introduce Electronic Tithing
While the act of tithing might be centuries old, churches are doing what they can to provide parishioners with 21st century giving options. The use of cash and checks continues to decline in most areas of day-to-day life. E-commerce sales topped $1 trillion globally in 2012, so churches — institutions that have relied for years on cash and check donations — are finding it critical to adapt to changing consumer habits. read more >
by Chris Bahn -