The Federal Reserve today issued a proposal to revise its existing rules for determining control of a banking firm by another company under the Bank Holding Company Act and the Home Owners’ Loan Act.
At a recent meeting in Bristol, Va., several banking industry leaders offered their thoughts on a wide range of issues facing the banking sector, from attracting millennials to bank consolidation.
Live Oak Bank’s Chip Mahan is looking to a banking future that’s rooted in personal touch and technological efficiency.
Federal Reserve Governor Michelle Bowman today expressed concern that regulatory complexities and compliance issues could be hindering community banks’ approach to innovation.
A Wall Street Journal article today examined the challenges that many community banks face when working with their core processors to implement new technologies and remain competitive with larger institutions and highlighted ABA’s efforts to help banks innovate more quickly.
Prominent on the Financial Stability Board’s 2019 agenda are the role of big technology firms in financial services and the growth of shadow banking, Federal Reserve Vice Chairman for Supervision Randal Quarles said in a speech in Germany today.
The chairman and CTO of a small, century-old community bank shares the how’s and why’s of bringing machine learning, AI and APIs to banks of every type.
Responding to a request for feedback on consumer privacy legislation from Senate Banking Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Sherrod Brown (D-Ohio), ABA today emphasized banks’ strong privacy and data security framework under the Gramm-Leach-Bliley Act and called for Congress to take an approach that ensures consistent privacy protections while promoting marketplace efficiency.