FDIC Chairman to Address ‘Too Big to Fail’ and the Orderly Resolution of a Global Banking Organization at the Peterson Institute of International Economics
EVENT FDIC Chairman to Address ‘Too Big to Fail’ and the Orderly Resolution of a Global Banking Organization at the Peterson Institute of International Economics Federal Deposit Insurance Corporation (FDIC) Chairman Martin J. Gruenberg returns to the Peterson Institute for International Economics (PIIE) on Wednesday, April 10, 2024, to present a comprehensive update of how […]
Texas judge moves CFPB’s $8 credit card late fee case to DC
Judge Mark T. Pittman sided with the Consumer Financial Protection Bureau in ordering the case be moved from Texas to the District of Columbia due to “forum shopping.”
Press Release: FDIC Makes Public February Enforcement Actions; No Administrative Hearings Schedules for April 2024
PRESS RELEASE | MARCH 29, 2024 FDIC Makes Public February Enforcement Actions; No Administrative Hearings Schedules for April 2024 WASHINGTON – The Federal Deposit Insurance Corporation (FDIC) today released a list of orders of administrative enforcement actions taken against banks and individuals in February 2024. There are no administrative hearings scheduled for April 2024. The FDIC […]
State regulators shouldn’t be cannibalizing their own banks
States reconsidering the opt-out provision of the Depository Institutions and Monetary Control Act should understand that doing so inherently devalues banks chartered within their borders.
CFPB’s 1033 regulation could be a boon for small banks
The proposed data sharing rules could create opportunities for forward-thinking financial institutions to better serve their customers and meet ever-growing expectations for digital finance.
Banks could also be benefactors of CFPB’s data sharing plan
There are lingering questions related to the agency’s 1033 proposal, including how to balance access to information with fraud prevention. But financial institutions should look for ways that access to additional data could help them create better products.
AI’s potential for handling customers’ complaints
Synovus Financial demonstrated at an industry conference how it is using Microsoft’s Copilot to help its staff address customers’ concerns.
Mortgage rates slip, helping spring home purchase activity
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
Santander adds ex-Marcus head to lead retail banking and digital push
The U.S. arm of Spanish banking giant Santander has hired Swati Bhatia to oversee retail banking and its digital transformation efforts. Bhatia joins at “an inflection point” for the company, which aims to be “a digital bank with branches,” CEO Tim Wennes said.
Marsh’s Oliver Wyman promotes Rosberg, ZayZoon raises 15 million
Mariya Rosberg is named Americas head of banking and financial services at Marsh McLennan’s Oliver Wyman unit; startup ZayZoon raised $15 million in a new funding round; and more in the weekly banking news roundup.