Top Democrat calls for Gruenberg to be replaced at FDIC
Senate Banking Committee chair Sherrod Brown, D-Mass., asks the White House to nominate a replacement for Federal Deposit Insurance Corp. Chairman Martin Gruenberg after an independent review found instances of severe workplace misbehavior at the agency.
Community banks grapple with policies to cover hidden risks of AI
Community banks are in the early days of experimenting with AI and the earlier days of writing policies to govern its usage. It’s key to do both at once.
After loss at Supreme Court, payday lenders vow to keep fighting CFPB
The payday loan industry is looking to extend its years-long legal fight with the Consumer Financial Protection Bureau. It’s planning to ask a federal appeals court to revisit a ruling that upheld a proposed limit on how often payday lenders can try to pull money from their customers’ accounts.
Another top NYCB executive hits the road as overhaul continues
New York Community Bancorp hasn’t said who will replace Chief Operating Officer Julie Signorille-Browne, who is resigning amid a management shake-up.
Calls for Ginnie Mae modernization mount after FSOC report
A recommendation to give Ginnie Mae expanded authorities is drawing focus in the reactions to a Financial Stability Oversight Council report on nonbank risks.
BNP Paribas’ Barbara Nash on her very early start in finance: The Climb
Nash, the head of tech, media and telecom coverage, has no intention of ending her four-decade career anytime soon.
CFPB’s Chopra says bureau will ‘be firing on all cylinders’ after SCOTUS win
Rohit Chopra, director of the Consumer Financial Protection Bureau, said Friday that the agency will be moving forward with rules and enforcement actions after the defeat of a Supreme Court challenge to the agency’s constitutionality.
Press Release: FDIC Announces Settlement with an Arkansas Bank and Nine Former Employees for Violations of Consumer Protection Laws
PRESS RELEASE | MAY 17, 2024 FDIC Announces Settlement with an Arkansas Bank and Nine Former Employees for Violations of Consumer Protection Laws The Federal Deposit Insurance Corporation (FDIC) today announces a settlement with Bank of England, England, Arkansas, for violations of Section 5 of the Federal Trade Commission Act (Section 5), the Real Estate […]
Executive who helped lead reorganization at Citi is leaving
Titi Cole, CEO of legacy franchises at Citigroup, is stepping down in June to pursue opportunities outside of the financial services industry.
Banking-as-a-service middleware is going ‘direct.’ What does that mean?
Companies such as Synctera, Treasury Prime and Unit are diversifying their services or enabling more direct contracts between banks and fintechs to survive in an evolving regulatory environment.