What bankers can learn from the CBA’s foray into influencer campaigns
The Consumer Bankers Association launched its first campaign using social media influencers to promote credit card education, experimenting with a mix of personalities and refraining from specific card recommendations.
Do credit unions have an overdraft problem?
Overdraft fees continue to be in the spotlight, with the Consumer Financial Protection Bureau proposing a rule essentially to cap them. Certain credit unions are also now required to disclose additional information on this revenue stream.
Fed cuts interest rates by half percentage point
The move signals the end of the Federal Reserve’s battle against runaway inflation in the wake of the COVID-19 pandemic. Fed officials expressed divergent views on further action this year.
We’re in a fraud epidemic. The US government needs to up its game
Nothing less than a whole-of-government approach, in concert with the financial services industry, will be enough to address the spiraling cost of fraud to both businesses and consumers.
‘Cash flow smoothie’: How Zip’s US CEO sees the future of BNPL
The BNPL industry is growing at a fast clip. Australia-based Zip’s new CEO for U.S. operations is looking to carve out a place in what is becoming a crowded industry with expanded merchant partnerships and a Pay-in-8 product.
Flying blind: Bankers lean on policy glimpses to evaluate Harris, Trump
Reading the tea leaves this election for bank policy is more difficult than years past, experts say, but there are still hints about where former President Donald Trump and Vice President Kamala Harris stand.
Treasury’s Liang floats recurring leverage ratio relief
Nellie Liang urges regulators to consider adjusting leverage rules to boost liquidity during stress periods, including leaving central bank reserves out of supplemental leverage ratio calculations.
Why a key metric for the CRE market has gone out of vogue
As the commercial real estate industry sputters along, lenders, investors and analysts are putting less stock in loan-to-value ratios, a longtime bellwether of risk.
Republican lawmakers still hope for crypto legislation this year
Rep. Patrick McHenry, R-N.C., chairman of the House Financial Services Committee, and Sen. Cynthia Lummis, R-Wyo., seek to pass legislation to regulate cryptocurrency before the end of this Congress.
FDIC Board of Directors Meeting
BOARD MEETING | SEPTEMBER 17, 2024 FDIC BOARD OF DIRECTORS MEETING Today the Federal Deposit Insurance Corporation’s Board of Directors met. Materials and information relative to the Board actions are available here: A recording of the full webcast of the open meeting is available here. Read more The FDIC does not send unsolicited e-mail. If […]