U.S. Rep. Young Kim (R-CA) introduced legislation this week that seeks to codify policies related to small-dollar loans. Federal agencies, in May of 2020, issued guidance for responsible small-dol...
Read More
On Thursday, Cloudflare announced it would be partnering with the U.S. Department of Treasury and Pacific Northwest National Laboratory to improve cyber resilience for the financial services industry....
Read More
The Federal Reserve Board issued a report last week that details the Climate Scenario Analysis (CSA) exercise that it conducted with six of the nation's largest banks. The report describes how thes...
Read More
Financial firms and organizations, including the Securities Industry and Financial Markets Association SIFMA) announced a Regulated Settlement Network (RSN) proof-of-concept (PoC) to explore the feasi...
Read More
A new survey from Santander Bank has found that less than 20 percent of Americans are using higher-rate savings accounts to grow their savings. In the bank’s inaugural Growing Personal Savings (...
Read More
U.S. Reps. Darin LaHood (R-IL) and Drew Ferguson (R-GA) introduced legislation this week that seeks to remove obstacles within the tax code to incentivize American businesses to return intellectual pr...
Read More
On Tuesday, the U.S. Department of Transportation’s Office of Small and Disadvantaged Business Utilization (OSDBU) announced it had launched a new initiative to connect small businesses to private c...
Read More
The Independent Community Bankers of America (ICBA) launched the seventh edition of its ICBA ThinkTECH Accelerator program (AP7), which promotes community bank innovation. This second cohort of th...
Read More
The Federal Deposit Insurance Corporation (FDIC) released a report this week reviewing the working place culture at the FDIC and allegations of harassment. The review, done by Cleary Gottlieb, an i...
Read More
A new rule has been proposed by federal regulators that addresses incentive-based compensation arrangements for large financial institutions. Section 956 of the Dodd-Frank Wall Street Reform and Co...
Read More