How the end of the student-loan pause could hurt deposit levels
Following the end of a long moratorium for federal student loan borrowers, monthly payments are expected to total $18 billion. Much of that money will come from checking and savings accounts, which will put more pressure on banks’ deposit bases.
Fed’s Barr warns of looming AI ‘arms race’ for cybersecurity
The Federal Reserve vice chair for supervision said advancements in technology could put banks in a “constant struggle” to stay ahead of hackers and other bad actors.
Workers have better views of employers who value diversity: Survey
Employees are more likely to view diverse and inclusive environments as healthier places to work, according to new research presented at American Banker’s Most Powerful Women in Banking conference.
Soft skills, emotional intelligence give female bankers an edge
In technology and other departments, women can lead with much-needed “softer” qualities, panelists at the Most Powerful Women in Banking Conference said.
How to overcome roadblocks in financial services innovation
A laser focus on intended outcomes and crystal-clear communication helps maintain progress, according to banking experts.
FDIC Board of Directors Meeting – Notational Vote
BOARD MATERIALS | OCTOBER 5, 2023 Today by Notational Vote, the Board approved a Notice of Proposed Rulemaking on Proposed Guidelines Establishing Standards for Corporate Governance and Risk Management for Covered Institutions with Total Consolidated Assets of $10 Billion or More to be added as Appendix C to Part 364 of the FDIC’s Rules and […]
CFPB plans to hire 50% more enforcement attorneys, support staff
The Consumer Financial Protection Bureau plans to hire 75 employees in its enforcement division as it boosts investigations against “large market actors,” according to an internal email obtained by American Banker.
Bankers should be looking at the inverted yield curve with real alarm
The financial landscape is currently riddled with warning signs that point toward potential liquidity issues for banks.
Electric vehicles may spark a new EMV standard
The market for EV charging is fragmented and complex. EMVCo, the consortium behind the EMV chip-card protocols, has a plan to standardize this rapidly growing market.
Navy Federal encounters rough seas after winning military contract
The world’s biggest credit union will become the provider of banking services for U.S. armed forces members abroad, stepping into a void left by Bank of America. One credit union trade group is concerned that a potential deposit insurance snafu could threaten the program’s viability.