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In assessing the strength of banks' management, regulators need to work with stakeholders to develop a set of evidence protocols, analytical frameworks, and illustrative metrics that will allow fair, consistent and proactive measurement.
Research finds consumers are using billers' websites to make payments, largely snubbing banks' sites.
A recently finalized joint rule from the Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. raises the bar for formal supervisory criticism, putting more of the responsibility for managing downside risk on banks.
The Federal Housing Finance Agency has barred 51 people from working with Fannie Mae and Freddie Mac this year, the most suspensions in any calendar year.
Advisors share how they navigate the moment when a client's compliments cross the line and the boundaries that keep the business relationship intact.
Tokenization projects are no longer viewed as modernization initiatives, but rather as a potential source of new revenue, lower operating costs, improved capital efficiency and differentiated products.
The group behind the proposed Georgia Skyline Bank says recapitalizing a 24-year-old Virginia bank offers a faster path to success than a new charter would.
IDScan.net removed the pages naming its bank and credit union integrations after KrebsOnSecurity traced 153 million license scans to the company.
A consortium of international FIs are planning to issue a U.S. stablecoin in early 2027; London-based OpenPayd has entered the U.S. through its acquisition of MSB USA; the U.K. fined Citi £4.7 million ($6.3 million) for hundreds of transactions in breach of sanctions against…
The controlling owner of Santa Fe-based Century Financial Services Corp. wound up in bankruptcy court. Now his 71% stake is on the verge of being sold to an Oklahoma bank.
Swift's network of 11,500 banks can exchange deposit tokens in a standardized way.
The big three's trade group has said they operate legally and protect the industry with a trio of reports. FHFA also is opening up VantageScore for all lenders.
OnePay's My Garage combines payments and financial information as it continues to build out a financial app.
While donating stock is a clear win for clients to avoid capital gains taxes, gifts of property require a qualified appraisal to get a deduction.
Two of the banks that collapsed in 2023 were subject to a weaker system of investor-disclosure oversight than most public companies, prompting the government watchdog to call for changes.
The Securities and Exchange Commission proposal would eliminate a ban on investment advisors receiving government contracts within two years of making political contributions. The agency says existing laws can address pay-to-play conflicts of interest.
Fee increases Charles Schwab is adopting for its in-house advisory business will keep a cheaper alternative for high net worth clients while helping to plug revenue holes.
The billion-dollar Dallas bank had been cited for money laundering concerns, and its recent conversion to a national charter drew sharp criticism from Sen. Elizabeth Warren.
The digital bank announced a collaborative partnership with the crypto exchange platform as it continues to expand its overall digital asset strategy.
The U.S. economy added 162,000 jobs in August, bouncing back from a surprise decline in July. The Fed's next interest rate decision will still hinge on next week's inflation reading.
One of the benefits of the Clarity Act is that it would codify much of digital asset firms' anti-money-laundering responsibilities. This is good news for banks that have been understandably nervous about counterparty risk.
The Federal Reserve is committed to fighting inflation, but it also has to keep an eye on a jobs market that is slowly and steadily losing steam.
As UAD 3.6's Nov. 2 mandate shrinks an aging appraiser pool, AnnieMac and Lower lean on AUS waivers and in-house teams to dodge 2022-style fee spikes and turn-time delays.
A new consortium of community banks plans to offer deposit insurance above the FDIC's $250,000 limit. But skeptics say such private-sector efforts have a spotty history.
One year after $300M deal, referrals through Robinhood that put younger investors in the pipeline and an ongoing clearing relationship with Wells Fargo reflect how TradePMR is a growing rival to the giants of the custody channel.
The agency approved a full-service national bank but gated four product lines behind separate sign-offs, a condition advisors say is unlike other approvals.
Equity Bancshares in Wichita, Kansas, had been looking for a way to establish a significant Iowa presence. By acquiring Lincoln Bancorp, which has 16 branches in the state, it's found a way in.
The institution is among the first users of an embedded banking platform from FIS that places financial services and payments inside of the business software.
Managed accounts are associated with higher employee contributions in defined-contribution retirement plans, the research firm found. Advisors working on employer plans might want to take note.
Colorado's Attorney General Phil Weiser is suing direct-to-consumer earned wage access provider EarnIn, alleging that the company violated the state's lending laws and challenging its claim that its product is nonrecourse. It is a sign of regulators' continued interest in EWA.
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