The CFPB today announced the next step in a joint agency rulemaking to develop quality control standards for the use of computer models, known as automated valuation models, used to help assess home valuations.
In remarks at an industry event today, Federal Reserve Governor Lael Brainard said that the Fed needs to be preparing for the payment landscape of the future even as it makes improvements to meet today’s needs.
A recent survey by Citizens Financial Group found that 85% of business leaders say real-time payments capabilities is the most important factor when choosing a bank.
The Federal Reserve today issued a highly anticipated report assessing the potential benefits and risks of creating a U.S. central bank digital currency, or CBDC.
The Financial Crimes Enforcement Network is exploring the creation of regulatory sandboxes to test new methods of transaction monitoring, FinCEN Acting Director Him Das said today at the ABA/ABA Financial Crimes Enforcement Conference.
Federal Reserve Chairman Jerome Powell told members of the Senate Banking Committee today that there are “good arguments” for granting special purpose depository institutions Fed master accounts and that the Fed will “make some progress” on the issue.
The FDIC and the Financial Crimes Enforcement Network today announced a “tech sprint” to develop…
Despite uncertainty related to COVID-19, four in 10 businesses say they expect their credit needs to increase in 2022, according to the JPMorgan Chase Business Leaders Outlook survey released today.
The Cyber Risk Institute—a coalition of financial institutions and trade associations including the American Bankers Association—has updated its Financial Services Cybersecurity Profile.
The delivery time for chips increased by four days to about 22.3 weeks, according to research from Susquehanna Financial Group, the longest wait time since the firm began tracking the data in 2017.