Exclusive: Barr offers supervisory appeals legislation
Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators and that would give banks more power over the appeals process.
Utah bank acquires in-state mortgage lender
Capital Community Bank of Provo has purchased Security Home Mortgage, headquartered in nearby Orem.
Gunjan Kedia appears positioned to become U.S. Bank’s next CEO
The Minneapolis-based company has promoted Kedia to president, a role that CEO Andy Cecere and his predecessor both held before being named to the top job.
Bankers say CFPB overdraft rule harms vulnerable consumers most
The Consumer Financial Protection Bureau’s overdraft proposal would set fees at $14. With fee income under attack from many sides, bankers say they would have to further restrict credit.
Regulators propose new rule establishing rules for executive pay
In a surprise move, the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency and Federal Housing Finance Agency proposed a long-awaited rule to curb certain incentive-based pay arrangements for bank executives.
Vibrant Credit Union in Illinois explores a blockchain-based future
The $1.1 billion-asset Vibrant is working with the San Francisco-based distributed ledger development firm Metallicus through its Metal Blockchain Banking Innovation Program to examine use cases.
TD risks ‘lost decade’ in money-laundering scandal, Jefferies says
A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the lender and years of restrictions on its U.S. growth.
FDIC Board of Directors Meeting
BOARD MATERIALS | MAY 6, 2024 By notational vote, the Board approved a notice regarding Proposed Rulemaking on Incentive-based Compensation Arrangements. The following item was approved: Proposed Rulemaking to Address Incentive-Based Compensation Arrangements Memorandum and resolution regarding Proposed Rulemaking on Incentive-based Compensation Arrangements Press Release Financial Institution Letter Statement by Chairman Martin J. Gruenberg Statement […]
TD risks ‘lost decade’ in money-laundering scandal, Jefferies says
A veteran Canadian bank analyst says Toronto-Dominion Bank’s role in an alleged money-laundering scheme has made the “worst-case scenario” more likely — a huge fine for the lender and years of restrictions on its U.S. growth.
Best Places to Work in Fintech 2024
Forty companies made the 2024 edition of American Banker’s annual list of enviable workplace cultures in the financial technology space. Here is a look at some of what makes these firms employers of choice.