Gaming out regulators’ next moves on Basel
Regulators in the coming weeks or months will have to decide whether or how to finalize last year’s Basel III endgame capital proposal, but there are risks — and rewards — to whichever path they choose.
Flagstar paid $1 million bitcoin ransom in 2021, case filings show
The attack is one of three major incidents the lender has suffered in the past three years.
OCC’s Hsu says agencies eyeing new operational risk standards for banks
Acting Comptroller of the Currency Michael Hsu offered more details about forthcoming interagency rules to establish operational risk standards for large banks, including a focus on “critical operations” and third-party service providers.
In banks’ battle against deepfake fraud, we need all hands on deck
Banks must work closely with technology companies, regulatory authorities and each other to develop comprehensive strategies to combat deepfake fraud.
Mastercard attacks subscription-pay chaos with open banking tools
Powered by its data-aggregation arm Finicity, Mastercard is piloting a service giving consumers an analytical view of all the subscriptions they routinely pay via credit, debit or ACH with options to cancel, pause or resume them.
20 U.S. banks with the largest 1-day stock price drops after Q4 earnings
The stock prices of five of these banks fell by more than 7% on the day they announced their fourth-quarter results, including two with double-digit decreases.
One year after SVB collapse, updates on the 5 bank failures of 2023
Silicon Valley Bank, Heartland Tri-State and Citizens Bank in Sac City, Iowa, were among bank failures in 2023. What’s changed since?
CFPB’s mortgage ‘junk fee’ blog draws ire and praise
While some said the agency was ignorant of its own rules, one trade group praised the goals of the posting.
A year post SVB collapse, lawmakers keep up pressure on regulators
Sens. Bill Hagerty, R-Tenn., and Sen. Elizabeth Warren D-Mass., sent separate letters to banking regulators on the anniversary of the failure of Silicon Valley Bank, with Hagerty questioning the Federal Deposit Insurance Corp.’s sale of Signature Bank’s assets and Warren urging the regulators to tighten capital and liquidity requirements.
PPP fraud suit alleges animal abuses by factory farm
Later this month, a federal judge will hear arguments over whether an animal rights group may proceed with its lawsuit that says an industrial ag company violated state and federal animal-protection laws and as a result must repay its Paycheck Protection Program loan.