Fintechs push for a bigger global crypto payments market
Circle, Stripe and Coindesk all make moves to add scale for digital asset transactions.
Don’t blame credit repair for surging consumer complaints
The focus should be on the millions of Americans whose credit reports contain serious errors, and who are increasingly desperate for relief.
Activity-based regulation would mean a more competitive financial system
With the line between banks and fintechs growing ever blurrier, financial services supervisors ought to consider adjusting regulation to fit the kinds of activity an institution is engaged in.
The end of Chevron deference, CRE concerns: Top banking news for June 2024
In this month’s roundup of top banking news: a cease-and-desist issued by the Federal Reserve, high CFO turnover, the end of Chevron deference and more.
Multifamily-addled Texas bank lands $228 million capital infusion
First Foundation will use the large investment to shrink its multifamily loan portfolio, which has weighed down its earnings since interest rates began rising.
Climate-friendly bank gets dinged by FDIC over its funding model
Maryland-based Forbright Bank, which is led by a onetime Democratic presidential candidate, relied extensively on brokered deposits as it grew after a 2021 rebranding. The bank says it has made changes in response to regulators’ concerns.
Corporate lenders are locking down protection against tough times from high rates
The push for assurances on collateral is coming despite fierce competition for deals, and indicates borrowers face limits on their ability to change the standing of existing creditors to get the financing they need.
Supreme Court rulings will change the regulatory landscape — to a degree
A pair of rulings upended the deference afforded to agency interpretations of the law and extended the statute of limitations to bring regulatory challenges. But experts say the impact on banking regulation will likely be limited.
‘Tech apprehension,’ other hurdles that keep small banks from innovating
During a panel discussion at American Banker’s Digital Banking conference last week, experts from American Commerce Bank discussed the launch of its virtual banking platform and theorized why other executives might be slow adopters.
Banking law is about to get weird
The excision of the Chevron doctrine from administrative law is the crest of a wave of litigative enthusiasm that has been building in the banking industry for years. But defanging the administrative state could also establish binding legal precedents that can cut both ways.