Kansas City Fed President Esther George
INCOGNITO PAYMENTS: "There's been a fair amount of support for solutions that would mask identities," Kansas City Fed President Esther George said at a Thursday webcast.
Federal Reserve officials suggested that anonymous payments and the technologies powering digital currencies could inform broader plans for reshaping the U.S. payment system.

Top Stories

The ability of Somali-Americans to send cash home to their relatives is again in peril after a California bank decided to stop facilitating the money transfers, according to a foreign aid organization that has been monitoring the situation.  more »
Two Republican legislators have suggested that affordable housing funding should be put on hold until Congress finally decides what to do about Fannie and Freddie. But why give Congress another six years to fiddle around with housing finance while the poor and homeless face a declining level of government housing assistance?  more »
Purveyors of certain cloud services, such as cloud-based lending, face continual rejection from bankers worried about security. But some say a data storage specialist could be every bit as secure as a financial institution — if not moreso.  read more »
After a surprising fall swoon, demand for commercial loans bounced back in December. Lenders, meanwhile, are paying much more attention to how falling energy prices could impact loan portfolios.  read more »
FinTech Forward
Banks like Cullen/Frost and BOK Financial say they have found one, in the form of higher energy-sector loan balances last quarter and the chance to finance consolidation among oil firms. But such spurts may only mask longer-term problems.  read more »
Marketplace lenders are seizing on current investor enthusiasm after the December public listing of LendingClub. SoFi and Funding Circle have set new origination targets, and new capital markets deals may help replace bank credit lines for Blue Elephant Capital Management and perhaps others.  read more »
First Horizon successfully lobbied for a lower exchange ratio for its purchase of TrustAtlantic in North Carolina after four commercial lenders left the seller to open an office for another bank.  read more »
Banks partnering with prepaid card providers face the potential of higher deposit insurance fees and other ramifications from the Federal Deposit Insurance Corp. classifying accounts as "brokered."  read more »
From the brain drain to cyber threats, the revenue squeeze to regulatory pressure, the challenges banks face are absolutely daunting. But we're here to help with some interesting ideas for thwarting hackers, winning new customers and making more money. Get ready for a busy year.  read more »
Player Template for http://www.americanbanker.com
Already a subscriber? Log in here
Please note you must now log in with your email address and password.