Fed officially nixes reputation risk from exam practices
The Federal Reserve is the latest bank regulator to purge reputational considerations from its supervisory materials.
Banks face heightened cyber threat after U.S. bombs Iran
Following strikes on nuclear sites, the U.S. warned of a heightened threat environment. Here’s how Iran has targeted American banks in the past.
FICO adds BNPL data to credit-scoring models
Although credit bureaus have collected this data for three years, it’s only now being factored into assessments of consumer creditworthiness.
How Fiserv jolts the bank stablecoin market
The financial technology seller plans its own coin and interoperability with PayPal’s PYUSD, potentially reaching millions of consumers and merchants and thousands of banks.
CFPB considers using fund to reimburse Synapse victims
More than a year after Synapse went bankrupt, fintech customers who lost money due to the fintech middleware firm’s collapse might be made whole through the Consumer Financial Protection Bureau’s customer relief fund.
Fed’s Bowman makes case for leverage ratio reform
The Federal Reserve’s vice chair for supervision said changes to the supplemental leverage ratio are needed to bolster the Treasury market and ensure banks are not incentivized to take on excessive risks.
Banking giants see surge in loan modifications
Foreclosure activity surged in the first quarter, underscoring the growing need for borrower support as certain federal protections expired.
Climate First expects to benefit from end of tax credits
The Florida bank plans to expand its solar lending operations while Senate Republicans look to end most tax breaks for clean energy.
Northern Trust shares jump on report of BNY merger interest
The CEOs of Bank of New York Mellon and Northern Trust have had at least one discussion about a potential merger, according to a Wall Street Journal article. On Monday, a spokesperson for Northern Trust said the bank “is fully committed to remaining independent.”
Trump signs nullification of OCC bank merger guidelines
President Donald Trump has signed a Congressional Review Act resolution that eliminates the Office of the Comptroller of the Currency’s Biden-era rules requiring stricter reviews of bank mergers and a timeout clock for some institutions.