FDIC mulling guardrails for banks, public blockchains
Federal Deposit Insurance Corp. Chair Travis Hill said in remarks Wednesday that privacy and know-your-customer gaps remain for banks that work with public, permissionless blockchains, and that the agency may need to clarify how banks can interact with them.
A ‘fair’ fight over the law; waiting for the Fed’s smoke signals
The Trump administration wants to reverse fair-lending laws; the Fed’s rate setters will do exactly what they’ve already told everybody they’re going to do.
Consumers like bank BNPL, but lots of banks don’t offer it
Banks that don’t offer buy now/pay later risk pushing customers—especially younger ones—into fintechs’ arms.
A prolonged oil crisis will vastly complicate banks’ risk assessments
It won’t be long before the ongoing closure of the Strait of Hormuz begins to make itself felt across various aspects of banks’ balance sheets. If it’s protracted, a new oil shock will force a major reassessment of asset values.
Rocket sees new allegations of ADA violations
The former Rocket employee said she faced pressure to resign after requesting remote-work accommodations and leaves of absence to deal with health conditions.
How Trump is turning fair lending law on its head
Over the course of its first year in office, the second Trump administration has neutralized the enforcement of key civil rights laws by reorienting Consumer Financial Protection Bureau rules and eliminating “disparate impact,” that allows banks to be penalized for the discriminatory effects of policies without proving discriminatory intent.
What happens when you use ChatGPT to sell your home?
Realtors and loan officers are wary of using artificial intelligence in place of a real estate agent, after a homeowner claimed to realize meaningful savings.
CFPB cuts dull impact of Trump’s latest order, MBA exec says
In an interview at ICE Mortgage Technology’s annual conference, Bob Broeksmit also expressed skepticism of market dominance among just a few large lenders.
FHFA plan renews its effort to grow counterparty oversight
A Federal Housing Finance Agency report suggests it should have more authority over companies that work with Fannie Mae and Freddie Mac.
Flourish launches mortgage platform to help RIAs retain assets
The RIA technology platform builds on its acquisition of AI-powered liability-optimization fintech Sora Finance last year.