CFPB report flags pandemic-related issues in deposits, mortgage servicing
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
The cost of fighting fraud is rising for U.S. banks, with every $1 lost to fraud now costing $4.36 in related expenses such as legal fees and recovery, according to a study published today by LexisNexis Risk Solutions.
The current environment of swiftly rising interest rates, combined with tighter financial conditions, greater market volatility and slowing global growth “could test many of the long-standing and growing vulnerabilities in the global financial system,” the Financial Stability Board said.
Something old, something new: In 2022, check fraud remains a focus of bank risk professionals, while instant P2P payments are an increasingly popular platform for scammers seeking to take advantage of consumers.
Understanding insights from a smart complaint culture begins with a checklist of critical fundamentals.
The Interagency Working Group on Treasury Market Surveillance issued a progress report on steps it has taken to enhance the resilience of the U.S. Treasury market.
The Financial Stability Board issued a set of policy proposals aimed at addressing systemic risk in the non-bank financial intermediation sector, which the group said are intended to “reduce liquidity demand spikes; enhance the resilience of supply in stress; and enhance risk monitoring and the preparedness of authorities and market participants.”
Competitive pressures and increased customer expectations are leading drivers of technology investments.
A customer-first approach has the potential to unlock serious growth.
More banks are turning again to wholesale funding and hedging to limit volatility in their liabilities.