Fed to replace bank application filing system this month
The Federal Reserve announced today that it will replace its current bank application filing system with a new and upgraded system later this month.
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ABA comments on regulatory approach to cryptoasset exposure
The American Bankers Association on Friday submitted comments to the Basel Committee on Banking Supervision concerning prudential treatment of banks’ cryptoasset exposures.
ABA Data Bank: Community banks increasingly offer digital products and services
The percentage of bankers who said adoption of new technology is extremely important doubled in the last three years, according to the findings of the 2022 Survey of Community Banks.
One in 10 community banks planning to launch crypto services
Insights from the 2022 Federal Reserve/CSBS survey of community banks.
Fed Gov. Bowman: ‘Imperative’ to modernize evaluation of bank competition
Federal Reserve Gov. Michelle Bowman discussed the “new and evolving competitive landscape” for U.S. banking services, with particular emphasis on community banks.
Fed seeks feedback on proposed updates to FMU risk management requirements
The Fed said that broad operational risk, technology and regulatory landscape in which FMUs operate has “evolved significantly” since requirements were last updated.
Bank CEOs see Zelle as tool to fight fraud
The CEOs of the seven largest retail banks appeared before Congress today for the second of two days of hearings, defending the Zelle peer-to-peer payments network and assuring lawmakers that their institutions reimburse customers for unauthorized payments.
Banks’ pursuit of fintech partnerships requires optimizing change management
“The crux of the issue is that ultimately the bank has to have a strong oversight and management system.”
Podcast: How middleware can accelerate community bank innovation
Christian Ruppe co-founded a fintech firm when he was in college — and later he…
Treasury seeking feedback on AML/CFT implications of digital assets
The Treasury Department is seeking public input regarding illicit finance and national security risks posed by digital assets.