How AI payments are changing corporate travel
The fintech Brex is among a growing market of companies using generative artificial intelligence to simplify how employee trips are managed.
The SEC needs to provide more clarity around crypto ETFs
The Securities and Exchange Commission has been ordered by a court to explain its reasons for rejecting an application for a crypto-based exchange-traded fund. It’s about time.
CFPB sues Freedom Mortgage for ‘widespread errors’ in home loan data
The Consumer Financial Protection Bureau alleged in a lawsuit that the nonbank lender violated a 2019 consent order and submitted incorrect information in 2020.
CFPB clamps down on ‘excessive’ account information fees
Consumer Financial Protection Bureau Director Rohit Chopra said it is enforcing a long-dormant provision of Dodd-Frank in its advisory opinion prohibiting banks from charging fees to obtain basic account information.
Embracing fintech led to trouble for one small bank. So did the aftermath.
Blue Ridge Bank in Virginia changed course after its rapid growth in the fintech partnership business landed it in hot water. But the path back to a traditional community banking model is also proving to be bumpy.
More sale-leasebacks predicted for banks after Atlantic Union deal
Other banks likely will follow the lead of the Richmond, Virginia, company and tap the equity in their branch networks as alternative sources of capital grow more costly, experts say.
FDIC proposes stricter governance guidelines for regional banks
The Federal Deposit Insurance Corp. issued a proposal requiring larger banks to implement a three-line-of-defense risk management model and increased board independence in response to observed weaknesses in corporate governance during past financial crises and recent bank failures.
FHFA nears target date for final rule on capital framework
The shape it takes could have implications for how Fannie Mae and Freddie Mac price loans for nonbanks and depositories.
The tight lid on banks’ confidential supervisory information serves no one
A lack of accurate information about banks’ inner workings is meant to protect banks and instill market discipline. But it probably makes everything worse.
Senate Banking Republicans want answers from Fed on CSI leak
In a letter to Federal Reserve Chair Jerome Powell, 10 members of the committee demanded answers about how supervisory information was made public.