Chime's $4.5M CFPB payment; the FDIC's workplace problems
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Chime to pay $4.5 million for illegally delaying consumer refunds: Thousands of consumers had to wait more than 90 days for funds after their accounts were suddenly closed, according to the Consumer Financial Protection Bureau.
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Synovus's head of treasury and payment solutions on taking risks: The Climb. Katherine Weislogel's career began by being in the right place at the right time.
Cloud consolidation is eroding cyber resilience of payments, CISOs warn: Cybersecurity leaders for Visa, Deluxe and Fiserv said powerful cloud players have been unresponsive to their requests to monitor the vendors' security postures.
Read more on tech: Visa develops a gen AI model to combat card-testing fraud
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Exclusive: Rep. Barr offers supervisory appeals legislation. Rep. Andy Barr, R-Ky., is introducing a bill to establish an Office of Supervisory Appeals at each of the banking regulators and that would give banks more power over the appeals process.
FDIC workplace probe outlines pervasive culture of misconduct: An independent examination of the Federal Deposit Insurance Corp. workplace culture revealed an atmosphere of sexual harassment, discrimination and misconduct at the agency and raised the need for significant reforms.
'The law was very clear': Inside the Fed master account debate. Custodia Founder and CEO Caitlin Long says the Federal Reserve has rewritten the rules about accessing the government's payments system. The central bank and a federal court judge disagree. Listen to the podcast.
Read more on regulation: House set to vote on nullifying SEC crypto custody guidance for banks
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10 个月The culture of misconduct at Federal Deposit Insurance Corporation (FDIC) is so disappointing! Their video series for Women's History Month was so good - awful to read the details of harassment!