The Consumer Financial Protection Bureau will issue an advance notice of proposed rulemaking later in the year on consumer-authorized access to financial records, according to an announcement today.
As the Senate prepares to unveil its latest coronavirus relief bill, the American Bankers Association and several financial trades urged lawmakers to include S. 4159, the E-Sign Modernization Act, in the package.
In an interpretive letter today, the OCC said that national banks and federal savings associations may provide cryptocurrency custody services for their customers.
In a long-awaited move, the OCC today issued a proposal establishing a “clear test” to determine when a bank making a loan is considered the “true lender” in the context of a partnership between a bank and a third party.
As part of its ongoing effort to support innovation, the FDIC issued a request for information today seeking input on whether a public/private standard-setting and voluntary certification program could be established to support financial institutions’ efforts implement innovative models, products and services developed by third-party fintech firms.
When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank accounts, banks that had made investments in the digital customer experience were positioned to capitalize.
Wendy Cai-Lee leads one of the latest crop of U.S. de novo banks: Piermont Bank, opened to address “pain points” faced by middle-market businesses.
The American Bankers Association today welcomed a bill authored by Sens. John Thune (R-S.D.), Jerry Moran (R-Kan.) and Todd Young (R-Ind.) that would streamline how consumers consent to receiving electronic documents, such as bank statements, account information and contracts.
A conversation with Brent Beardall on WaFd Bank’s response to COVID-19.
The OCC is planning to unveil what Acting Comptroller Brian Brooks called “payments charter 1.0” as soon as this fall, Brooks said on the latest episode of the ABA Banking Journal Podcast.