When a bank fails after engaging in redlining, who’s responsible?
Republic First Bank allegedly discriminated against minority borrowers before it went under in April. New Jersey officials want both the acquirer of its remains, Fulton Bank, and the FDIC to assume some responsibility.
How to Apply for the Best Fintechs to Work for 2025
American Banker and Best Companies Group are gearing up for their annual ranking of fintech companies that keep their employees happy.
Capital One, Mastercard leaders seek a return on their gen AI efforts
As firms rush to roll out viable use cases, developing an effective internal governance structure is key, companies said at Money 20/20.
Press Release: FDIC Appoints Amanda J. Lavis as Director of Office of Equal Employment Opportunity
PRESS RELEASE | OCTOBER 31, 2024 FDIC Appoints Amanda J. Lavis as Director of Office of Equal Employment Opportunity WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today announced its Board of Directors has approved the appointment of Amanda J. Lavis as Director of the agency’s new Office of Equal Employment Opportunity (OEEO). In June, […]
Republican lawmakers urge caution in BaaS regulation
House Republicans called on regulators to balance the need for more rules around bank-fintech partnerships with the need to foster innovation and consumer access and emphasized collaboration with state regulators.
Central Pacific’s deal talks for American Savings in Hawaii stall
The Honolulu-based banks were reportedly in advanced discussions. But the would-be buyer said “the parties are no longer currently engaged in discussions.”
Zelle fraud, JPMorgan Chase’s AI race: Top tech news October 2024
This month’s roundup features news about the rising concerns of Zelle fraud, JPMorgan Chase’s AI arms race with Capital One and more.
TD money-laundering, CFPB rule 1033: Top banking news October 2024
This month’s roundup includes items on TD Bank Group’s asset cap and $3 billion in money-laundering fines, the Consumer Financial Protection Bureau’s final rule on open banking and more.
Don’t ask for lower capital requirements; demand better capital rules
Banks are not likely to see their regulatory capital requirements decline any time soon. But the way capital levels are calculated could be made more reflective of real risks.
September headline inflation nears Fed target
Core PCE held steady as service costs rose, but the overall report maintains the central bank’s flexibility ahead of next week’s Federal Open Market Committee meeting.