If Fed independence is important, emancipate it from the White House
The Federal Reserve’s independence in setting monetary policy is critical to global confidence in U.S. markets and the dollar’s status as reserve currency of choice. Making those functions constitutionally separate from the executive branch is the best way to ensure that independence.
OCC’s Hsu makes case for targeted, agile bank supervision
Acting Comptroller of the Currency Michael Hsu called for a more risk-based approach to supervision to prioritize pressing issues and improve agility in monitoring large banks.
Check fraud against Chase goes viral on TikTok
People filmed themselves depositing bad checks, then quickly transferring or withdrawing the funds. Then they shared screenshots of their negative balances.
Mastercard ramps up efforts to get rid of card numbers for online shopping
Credit card company is seeking to secure online payments using tokens based on consumers’ biometric information.
Community banks recruit, promote to line up new leaders
Lenders across the country announced new executives late in the summer, as did Virginia’s community bank advocacy group.
Facing the financial wellness challenges of high-net-worth women
As more women generate and steward great wealth, they must also strive to develop and maintain financial wellness. The wealth management industry has a vital role to play in helping dynamic women on their journey.
Mr. Cooper denies link between cyber attack and PII on dark web
Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.
Small credit union pays a big-league price to name an NFL stadium
Northwest Federal Credit Union in Herndon, Virginia, will follow FedEx as stadium-name partner for the Washington Commanders, gaining branding rights for which the logistics giant was paying nearly $8 million annually.
The cannabis industry needs standardized methods of risk assessment
Cannabis is becoming a big business in the U.S., but companies in the field still struggle to find financing. A broadly accepted way of assessing their creditworthiness would be a huge help.
HUD official declares ‘job well done’ on appraisal bias task force
Melody Taylor, the executive director of the Property Appraisal and Valuation Equity task force, said the interagency group went above and beyond expectations. She also defended it against common attacks from working appraisers.