Sunshine Act Notice: FDIC Board of Directors Meeting
SUNSHINE ACT NOTICE | APRIL 23, 2024 FDIC BOARD OF DIRECTORS MEETING The FDIC Board of Directors will meet in open session: Time and Date: 10:00 a.m. on Thursday, April 25, 2024. Place: This Board meeting will be open to public observation only by webcast. FDIC Board Members and staff will participate from FDIC Headquarters, […]
Turning Fannie Mae into a title insurer won’t solve housing challenges
The Biden administration’s proposal to waive title insurance requirements for mortgage lenders would undercut an efficient system that offers homebuyers important protections.
Where check fraud is driving businesses to adopt digital payments
A new Citizens Bank survey suggests rising check-fraud incidents are driving middle-market companies to accelerate plans to fully adopt digital payments. But 70% of all businesses will continue to rely on checks for years to come, according to recent data from the Association for Financial Professionals.
Truist gets an earnings boost from its investment banking unit
After several quarters of slumping investment banking and trading fees, the Charlotte, North Carolina-based company reported a big uptick from that division, which helped compensate for a large decline in net interest income.
Republicans weigh rolling back anti-ESG law they passed
Oklahoma lawmakers are having second thoughts about legislation blacklisting financial firms for their restrictions on lending to oil, gas and coal companies,
Two SEC lawyers resign after agency censured for abuse of power in crypto case
Two Securities and Exchange Commission lawyers stepped down this month after a federal judge sanctioned and sharply rebuked the Wall Street regulator for “gross abuse” of power in a crypto case.
Security, trading, supervision among open issues at Fed, audit finds
The Federal Reserve’s Office of the Inspector General says the Fed has yet to fulfill 65 recommendations, and also identified 18 outstanding issues at the Consumer Financial Protection Bureau.
JPMorgan Chase’s plan for face and palm payments
The bank will use biometric authentication to streamline checkout in stores starting in 2025. It has already completed internal and external pilots of the technology.
Strangers, family defrauding seniors at an alarming rate: FinCEN
Banks reported nearly $27 billion had been tied up in scams or theft against elderly people in a recent 12-month period, according to a report from the U.S. Treasury.
FDIC says it can resolve GSIBs. For the market, seeing is believing
The Federal Deposit Insurance Corp. says it’s ready to wind down the global systemically important banks. But until that happens, many in the banking industry are skeptical that regulators have actually developed a workable strategy to end “too big to fail.”