While welcoming the OCC’s efforts to clarify factors that identify the “true lender” of a loan made through bank partnerships with nonbank fintech firms, ABA today expressed concern that the OCC’s proposed rule is overly broad.
The ongoing digital shift in banking will provide more opportunities to unlock better customer experiences.
Financial innovation can deliver “tremendous benefits” to consumers and help minority depository institutions enhance participation in the mainstream financial system, FDIC Chairman Jelena McWilliams said today.
Will the OCC’s clarification that U.S. banks can hold a cryptocurrency’s unique cryptographic keys turn out to be the onramp into a new revenue stream?
Seamless processes connecting loan officers’ personal service and digital convenience make customers comfortable for the biggest purchase they may ever make.
As risk management and bank compliance continue their evolution, banks need talent with a broader range of technology know-how.
Enhancing banks’ digital sales capabilities, increasing digital product origination and facilitating those cross-sell journeys to customers are the most effective paths to increased ROI.
While the coronavirus pandemic has accelerated digital banking and deposit-taking, outdated laws stand in the way of a modern regulatory treatment of deposits, ABA President and CEO Rob Nichols wrote in an American Banker op-ed today.
A small shift in how you think about your vendors can make a big difference.
As Senate leaders continue to negotiate provisions in the latest round of legislative coronavirus relief, the 51 state bankers associations today urged them to include S. 4159, the E-Sign Modernization Act, in the package.