Quarterly earnings call gets political when banker endorses Trump
John “Johnny” Allison, the outspoken chairman and CEO of Arkansas-based Home BancShares, used the company’s third-quarter earnings call to endorse the Republican presidential nominee. When asked about that decision, he got confrontational.
Rural banking is front-and-center in this Iowa House race
Rep. Zach Nunn, R-Iowa, has won endorsements from key banking industry players this election year with his support for the ACRE Act. Here’s why rural banking might be a winning issue in the toss-up race.
“We need more endorphins in banking:” Julieann Thurlow
The community bank CEO and Most Powerful Women to Watch honoree sits for an exit interview on what bankers face as her term running the American Bankers Association ends.
CFPB’s open banking rule faces suit from Bank Policy Institute
The Bank Policy Institute is among the parties that filed a lawsuit late Tuesday to challenge the Consumer Financial Protection Bureau’s new open banking rule.
What CFPB’s open banking rule does to advance payment innovation
Section 1033 promised to increase competition in banking and improve the ability to offer novel payment methods, but experts say the regulation isn’t clear enough to have a major impact.
What the CFPB’s open banking rule will do to data privacy, security
A ban on screen scraping and new disclosures to consumers about data usage are among the new elements of the data protection rule.
JPMorgan Chase poised to take gen AI from experiment to implementation
The first panel Tuesday at American Banker’s Most Powerful Women in Banking Conference focused on banks’ use of AI tools.
‘Help wanted’ sign is out at Dime
As new hires generate low-cost deposits and higher-yielding business loans, the New York company’s net interest margin is widening. Dime executives signaled the hiring will resume in 2025.
Don’t blame vendors for AI bias, Adrienne Harris tells bankers
At the Most Powerful Women in Banking conference this week, New York’s top banking regulator said banks need to take full responsibility for the artificial intelligence models they use, even if they bought them from a third party.
Goldman Sachs likely to pay CFPB fine over credit card business lapses
Goldman Sachs Group is expected to pay a fine tied to a Consumer Financial Protection Bureau probe into its credit-card business, according to a person with knowledge of the matter.