What FedNow will mean for banks and regulation; bank crisis post-mortems

FedNow is almost now. What could it mean? Bank runs, fraud and faster payments: FedNow's impact on regulation; A hot summer for FedNow?

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FDIC largely blames poor management for Signature's failure: The Federal Deposit Insurance Corporation (FDIC) Corp. said in a report released Friday that Signature's rapid, unrestrained growth and inadequate risk management practices outpaced supervisors' ratings and responses, even though the issues were known to the agency.

More in bank-failure post mortems: Fed's Barr: 'Weaknesses in supervision and regulation must be fixed;' Conflating issues or missing the point? Banks react to Fed report; GAO: San Francisco Fed 'lacked urgency' on Silicon Valley Bank

U.S. Bank seeks to ease credit access for underserved business owners: The Minneapolis bank has launched a special-purpose credit program that aims to help businesses owned by women, minorities and veterans. Borrowers with comparatively low credit scores and cash flows will qualify for lending products of up to $2.5 million.

NCUA grants second federal charter of 2023: The regulator awarded a federal charter to Generations United Federal Credit Union, which will serve employees and members of the United Church of Christ.