How the CFPB's small business data rule will spur bank tech
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Biden vetoes challenge to CFPB small business data rule: The resolution to nullify the Consumer Financial Protection Bureau 's small business data rule, which would require lenders to collect demographic information before making loans to small businesses, passed in both chambers with some bipartisan support before The White House vetoed it.
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Here's what's worrying chief risk officers: The top risk executives at U.S. banks are still weighing the fallout from the failures earlier this year and are considering ways they can better handle risks tied to their treasury and asset-liability management.
Fed's rosier outlook could mean end of emergency lending facility: The Bank Term Funding Program, set up in response to this spring's run of bank failures, is poised to close down in March. With the Federal Reserve Board now forecasting rate cuts next year, the bar for renewing the facility's authorization could be a bit higher.
How FedNow is a catalyst for credit union disruption: The first credit unions enrolled in the Federal Reserve's FedNow instant payments platform say it will fundamentally change the way they serve consumers and businesses across multiple categories.
Know a dynamic woman leader in the payments industry? It’s time to?apply for the annual Most Influential Women in Payments awards. And join us to celebrate these women and to experience the most exciting developments in payments at this year’s?Payments Forum, March 27-28, 2024?at the Diplomat in Hollywood, Florida.?