Wall Street mulls CLN structures to facilitate more issuance
The market expects a wide variety of banks to issue CLNs to bolster their regulatory capital compliance, and support ongoing lending.
Press Release: FDIC Special Committee of the Board of Directors Appoints Three Non-Voting Member
PRESS RELEASE | MARCH 22, 2024 FDIC Special Committee of the Board of Directors Appoints Three Non-Voting Member WASHINGTON – The Special Committee of the Federal Deposit Insurance Corporation (FDIC) Board of Directors appointed three non-voting members in its efforts to oversee an independent, third-party review of the agency’s workplace culture. “The three non-voting members […]
Apple vs. banks: The story so far
The launch of Apple Pay a decade ago set the tone for how the tech giant would interact with banks and credit unions in the years to come. The Justice Department is now pushing back.
Embrace empathy, the cornerstone of successful digital transformation
Financial services companies must incorporate digital, technical and cognitive empathy into the way they think about delivering their products in a digitized future.
Regulators tweak new CRA rules ahead of implementation date
The change, which goes into effect April 1, delays when certain banks would have to change their assessment areas until 2026.
Antitrust issues take center stage in Capital One-Discover deal
The blockbuster merger is now in the hands of banking agencies and the Department of Justice, which will have to evaluate its impact on competition.
Joint Press Release: Agencies Extend Applicability Date of Certain Provisions of their Community Reinvestment Act Final Rule
JOINT PRESS RELEASE | MARCH 21, 2024 Board of Governors of the Federal Reserve SystemFederal Deposit Insurance CorporationOffice of the Comptroller of the Currency____________________________________________________________ Agencies Extend Applicability Date of Certain Provisions of their Community Reinvestment Act Final Rule Federal bank regulatory agencies today jointly issued an interim final rule that extends the applicability date of […]
Regulators highlight benefits of international regulatory accords
Top supervisory staffers from the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency defended their involvement with the Basel Committee during a contentious hearing in the House Financial Services Committee Thursday.
Visa: fraudsters have new ways to monetize stolen payment cards
Criminals who buy and sell consumer data on the dark web are perpetrating increasingly complex credit and debit card fraud schemes, according to the card network’s latest threats report.
Banks embrace AI, but not for customer communications: Survey
A recent survey showed a majority of banks use generative AI, mainly for tasks like writing emails and detecting fraud, but few say they have built customer-facing products with it.