Policy

Fed’s Powell: Banks Needed at Center of Payments System

As the push for faster payments in the U.S. intensifies, and as a variety of businesses enter the payments space, banks continue to have a “key role” in facilitating payment innovations, Federal Reserve Governor Jerome Powell said in a New York speech yesterday.

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Newsbytes Podcast: Fintech in Focus

We discuss top White House adviser Gary Cohn's newsmaking remarks at ABA's Annual Convention earlier this week, the OCC's positive new posture on Community Reinvestment Act examinations and the top fintech trends shaping the next decade of banking.

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Revised OCC Exam Policy Aligns Ratings with CRA Purposes

The OCC has changed its Community Reinvestment Act supervision policies to ensure a “logical nexus” between banks’ CRA-related activities and CRA performance evaluation ratings and to give “full consideration” to banks’ efforts to take corrective action, the agency said today.

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