Banks cautiously optimistic about Bessent pick for Treasury
Wall Street has cheered President-elect Trump’s selection of Scott Bessent to lead the Treasury because of his moderating influence and expertise, but his profile as an establishment figure in an anti-establishment administration could undermine his authority.
Press Release: FDIC Makes Public October Enforcement Actions; No Administrative Hearing Scheduled for December 2024
PRESS RELEASE | NOVEMBER 29, 2024 FDIC Makes Public October Enforcement Actions; No Administrative Hearings Scheduled for December 2024 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in October 2024. There are no administrative hearings scheduled for December 2024. The […]
Press Release: FDIC Issues CRA Examination Schedules for First Quarter 2025 and Second Quarter 2025
PRESS RELEASE | NOVEMBER 29, 2024 FDIC Issues CRA Examination Schedules for First Quarter 2025 and Second Quarter 2025 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued the lists of institutions scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter 2024 and first quarter 2025. CRA regulations require each federal […]
Tech-driven efficiency is not the proper goal for branch banking
As the banking industry becomes increasingly technology-dependent, wise bank leaders recognize that a bank is not solely defined by its buildings, technology or pricing. It is human connections that truly set a bank apart.
Trump’s fintech effect, VyStar tech woes: Top tech news November 2024
Items include estimations of President-elect Donald Trump’s impact on fintech funding, the fallout from VyStar Credit Union’s tech moves and more.
The US should look to Brazil as a model for rolling out open banking
The U.S. is well behind other countries in implementing open banking and delivering its benefits to customers. Brazil’s success in that area can serve as a useful model.
Racquel Oden’s unique path to the top: The Climb
Oden, head of U.S. wealth, private banking, asset management and premier banking at HSBC, was one of the first in the industry to build an online wealth management platform.
Canadian regulators launch review of sales practices in bank branches
The inquiry by securities regulators came in response to reporting that bank employees pushed products in ways that misled customers as they sought to meet their sales targets.
Will GOP control of Washington drive more student loans to Sallie Mae?
The company’s stock price has jumped 23% since the election, as investors bet that federal student loans will get curtailed, providing more opportunity for the private sector.
Elon Musk wants to ‘delete’ the CFPB. Could he?
The Consumer Financial Protection Bureau has long been a target for conservative ire, but dismantling it would require Congress’ cooperation.