Former Flagstar chairman to step down from board of directors
Alessandro DiNello, who served as Flagstar’s executive chairman in 2024, said he’s leaving in order to enjoy his retirement. Meanwhile, a lawsuit accusing him of various wrongdoings is still pending.
Why banks must treat quantum threats as a present risk
Cybersecurity experts at RSAC urged banks to treat the transition to post-quantum cryptography as an enterprise risk, not just an IT headache.
U.S. Bank extends loan terms in bid to address affordability
The Minneapolis-based regional bank is extending home-improvement loan durations by as much as two years in a bid to continue capitalizing on a long-running remodeling boom.
Trump admin rule would open 401(k)s to riskier investments
The Department of Labor proposed a rule that would bring private credit more into retirement accounts, as pockets of the market bubble up and some point to contagion.
Ginnie Mae gives issuers a break, adds new prepayment data
The government MBS guarantor ended a 15-day advance notice mandate for extensions on a filing deadline so those with a March 31 due date can still ask for one.
The fusion of TradFi and DeFi raises questions for banks
Banks must plan to support decentralized finance without disturbing their existing businesses. That’s easier said than done.
Fincen whistleblowers could earn 30% of penalties in new rule
The Treasury’s financial crimes enforcement wing proposed a rule Monday that would incentivize whistleblowers to come forth with information that could assist in cracking down on scams, fraud or money laundering, at a time of heightened geopolitical risk.
Powell says Fed cautious as Iran war drives inflation risks
Federal Reserve Chair Jerome Powell said the central bank is cautiously monitoring consumer sentiment as tensions from the Iran war push energy prices higher, complicating efforts to bring inflation down to the Fed’s target.
Mortgage industry baffled by Trump’s MLO order
A section of Trump’s executive order on mortgage credit called for eliminating requirements for loan officer registration, a process industry experts say has never been considered a burden.
States score win as Flagstar denied escrow rehearing
The federal court rejected Flagstar’s attempts for both a panel rehearing and an en banc hearing to overturn California’s interest on mortgage escrow rule.