Fed issues guidance for banks seeking to leap into crypto
In a supervisory letter issued yesterday, the Federal Reserve said that Fed-supervised banks seeking to engage in activities related to...
Technology
Talent and innovation: the future of banking
Bank talent powers this innovation. Together, the investments bank leaders make in tackling these two challenges will set us on...
How the new SAR pilot may aid in the financial crime fight internationally
Successful information sharing will reduce the time it takes to interdict, stop and report criminal activity, boost customer trust and...
ABA urges regulatory clarity, parity for developing digital assets
Oversight and supervision should be applied to banks and nonbanks engaged in digital asset activities alike to ensure all customers...
OCC seeks comment on FFIEC’s cybersecurity assessment tool renewal
The voluntary information collection resource was created to assist financial institutions in assessing their inherent cyber risks.
Digital lending beyond the status quo
Construction is a manual business—but lending to builders need not involve manual processes.
OCCs Hsu gives banks high marks on mitigating cyber risk, but says there’s more to do
The financial services sector has done “a good job” so far of building cyber defenses and working with law enforcement...
Survey finds young people most likely to fall for phone scams
More than half of mobile subscribers reported losing money to phone scam calls in a recent survey on the prevalence...
McHenry, Luetkemeyer, Emmer seek info on CFPB collaboration with state AGs
Expressing concern that the CFPB is acting contrary to its authorizing statute, three senior members of the House Financial Services...
FDIC releases advisory, fact sheet on deposit insurance and crypto
The FDIC issued an advisory to banks today regarding what it says are misrepresentations by some cryptocurrency companies that their...
