US port strike puts payments tech to the test
Recent advancements in transaction processing aim to improve visibility into cash flow, which can be thrown into chaos with uncertain shipments.
OCC backs banks in fight against Illinois interchange law
The OCC has filed a legal brief backing the banking industry’s challenge to Illinois’ Interchange Fee Prohibition Act, arguing the law would interfere with national banks’ federal authority, fragment the national payment system and force banks to halt credit card usage in the state.
Fed fines bank over flood insurance; IT worker cited for mishandling documents
The Federal Reserve issued two enforcement actions, one against a bank in Montana, the other against a former information technology employee in Wyoming.
Visa launches platform to help banks issue stablecoins globally
The Visa Tokenized Asset Platform will allow banks to “mint, burn and transfer” tokens as more financial institutions and businesses express interest in how cryptocurrencies and blockchain technology can improve their operations.
Press Release: FDIC Issues List of Banks Examined for CRA Compliance
PRESS RELEASE | OCTOBER 3, 2024 FDIC ISSUES LIST OF BANKS EXAMINED FOR CRA COMPLIANCE WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in July 2024. […]
The FDIC is proposing an unnecessary rule that will kill index funds
The Federal Deposit Insurance Corp. wants to remove an exemption that allows index funds to invest freely in bank stocks. The result will be damaging to the investors who have come to rely on the funds’ steady returns.
20 credit unions with the largest portfolios of credit card loans
The top five credit unions on this list have more than $36 billion in unsecured card loans and lines of credit.
For these two small banks, politics is big business
As political campaigns become more expensive and more complicated, meet the banks that have become the preferred financial institutions for the Republican and Democratic parties.
‘I feel elated’: Jennifer Smith reflects on Zions Bank’s 10-year core transformation
Smith, chief technology and operations officer at the Utah Bank, shares some of the lessons learned from a recently completed core system replacement.
BNY’s Emily Portney on leading with authenticity
Portney, one of our The Most Powerful Women in Finance honorees, discusses her role and responsibilities.