During the first MDI Partnership Summit held this week in Orlando, Florida, participants from minority depository institutions and banks across the country gathered to discuss approaches to better serve the unique banking needs of communities of color and low- to moderate-income communities.
Author Walt Williams
A U.S. district court this week vacated the Labor Department’s interpretation of the Employee Retirement Income Security Act and its implementing regulation on fiduciary investment advice.
While ABA is engaging with banking regulators in constructive ways, it is also pushing back against a range of rulemakings and regulatory changes that will do more harm than good if enacted, and it is willing to go to court to fight those proposals, ABA President and CEO Rob Nichols said this week at the Conference for Community Bankers in Orlando.
Banks and other financial institutions must engage in a safe and sound manner in any activity they do, and that includes dealing in cryptocurrency, Federal Reserve Governor Christopher Waller said this week.
Banks seeking to strengthen their digital identification verification processes face complex challenges.
A recent survey found consumers are happy with the banks’ digital security measures, although younger respondents believe financial institutions should do more.
Midsized banks are more focused on growing small business deposits in 2023 than they were last year, according to a survey by Cornerstone Advisors of executives at financial institutions ranging from $250 million to $5 billion in assets.
The OCC this week announced that registration is open for its symposium on bank mergers, which will be held Feb. 10 at its headquarters in Washington, D.C.
Most Americans say they are continuing to save even as inflation chips away at their earnings, according to a recent survey.