One of the tasks of central banks is to demonstrate that they are “appropriate institutions” in democratic societies, the vice chairman of the U.S. central bank said in remarks Thursday, supporting the continued independence of […]
Those interested in meeting with banking agency staff to discuss financial technology (fintech), new products or services, partnering with banks or fintechs can sign up now for one-on-one meetings next month with staff from the […]
Information content in consumers’ digital footprint can augment credit bureau information and help lenders make better lending decisions – a situation that researchers say also could give financial technology (fintech) firms a leg up in […]
Promoting consistency across business areas and fostering a deeper culture of openness is the aim of the “Trust through Transparency” initiative unveiled by the chairman of the Federal Deposit Insurance Corp. (FDIC) Wednesday. Jelena McWilliams, […]
Despite recent criticisms from President Donald Trump, the Federal Reserve Board is not concerned about the independence of the organization, the agency’s chairman told a Washington gathering Wednesday. “My focus is on essentially controlling the […]
Types of instances in which banks and credit unions may form collaborative arrangements to share resources to better manage their Bank Secrecy Act/anti-money laundering (BSA/AML) responsibilities are addressed in a statement issued jointly on Wednesday […]
Developing a nationwide, real-time interbank settlement payment system would “significantly improve” the prospect that a financial institution of any size would have access to faster payments, and keep the United States apace with other nations […]
Two actions the Federal Reserve Board could take to support real-time interbank settlement of faster payments in the United States are detailed in a request for comments issued Wednesday under a public comment deadline of […]
Five out of the 30 banks whose Community Reinvestment Act (CRA) evaluations were released in September earned the rating of “outstanding,” while one was rated “needs to improve” and another was deemed to be in […]
Cybersecurity issues and lending bubbles top the list of potential risks to today’s financial system, according to comments offered by bank and credit union regulators during a hearing Tuesday on implementation of this year’s financial […]
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