CFPB to Issue ANPR on Data Access Rights
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.
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ABA Calls for Inclusion of E-Sign Modernization Bill in Coronavirus Relief Package
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.
OCC: Banks May Offer Crypto Asset Custody Services
In an interpretive letter today, the OCC said that national banks and federal savings associations may provide cryptocurrency custody services for their customers.
OCC Issues Long-Awaited ‘True Lender’ Proposal
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.
FDIC Seeking Feedback on Voluntary Certification Program for Innovation
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.
Podcast: How Digital Banking Transformation Paid Off in the Pandemic
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.
Podcast: Healing ‘Pain Points’ for Multigenerational Family Businesses
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.
ABA Welcomes E-Sign Modernization Bill
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.
CEO Q&A: Providing Small Business Lifelines
A conversation with Brent Beardall on WaFd Bank’s response to COVID-19.
Podcast: OCC’s Brooks Plans to Unveil ‘Payments Charter 1.0’ This Fall
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.