The agency unveiled several deregulatory measures at a Tuesday board meeting, including a measure to tie regulatory thresholds to inflation, one creating a supervisory appeals office that reports to the board and withdrawal of a Biden-era rule on industrial loan companies.
A TD Bank survey found a massive increase in the ranks of people who talk to ChatGPT about their finances. Ted Paris, the bank's head of AI, says banks still have an opportunity here.
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The total value of transactions flowing through Early Warning Service's peer-to-peer payments service rose nearly 30% during the second quarter, as more consumers used Zelle to pay recurring expenses.
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The card network's test enables consumers to round up transactions to the nearest $1, $5 or $10 for donations to the organization of their choice.
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In global news this week, Russia unveils its alternative to SWIFT, Revolut faces pressure in the U.K., Hong Kong reaches out for fintech talent, and more.
A near-collapse of the global software vulnerability database exposed critical weaknesses that could leave banks unable to track cyber threats.
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Victory Capital Management Inc., the asset management arm of KeyCorp's KeyBank, says it is positioned to quickly expand the assets it manages in collective investment trusts, or CITs, for defined contribution plans, but the effort will not lack challenges.
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Despite strong market returns in 2009, a majority of advisers believe their clients will have to work three to five years longer than they had planned in order to maintain their standard of living in retirement, a recent survey revealed.
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Beginning in 2013, people earning more than $250,000 a year will see the Medicare tax on their income rise to 2.35%, from 1.45%, and the same group will be hit by an additional 3.8% Medicare tax on investment income.
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A California bank is planning to add mortgages and home equity lines to its product set.
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WASHINGTON A bipartisan duo of House lawmakers introduced a bill Thursday that would push Fannie Mae and Freddie Mac to engage in more credit risk-sharing transactions.
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SAN FRANCISCO Want to improve the customer experience? Start by making the employees' tools better.
CEO Curtis Farmer said the warehouse sector, where Comerica provides lines of credit to mortgage banking companies, has not been providing much help as the company seeks to bolster deposits.
A regulatory proposal to raise bank capital has spurred banks to fight back with a populist appeal to consumers, while regulators say more capital is what's needed to save banks from more crises — and help consumers.
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Ride-hailing services and public transit were gaining ground until the pandemic struck, but the outbreak has quickly and radically changed how consumers think about buying cars.
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The payment company's move refutes the "you can't spend it" argument against crypto, says METACO's Seamus Donoghue.
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Helping their customers adjust to digital banking and pay crushing bills are just a couple of ways community bankers are reaching out.
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Bill Martin, a real estate developer and athletics executive who founded the community bank in 1996, said he considers the privately held institution to be "like one of my kids."
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The megabank announced it would invest $16 million to grow its footprint in the North Carolina banking mecca.
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The labor market was a bigger point of discussion in the Federal Reserve's most recent monetary policy-setting meeting, but officials were divided about the path of future actions.
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The digital bank is also partnering with two pro pickleball leagues to court fans through a consistent presence at tournaments later this year.
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Regulators from California, Massachusetts, Minnesota, Nebraska, New York and Texas levied the fine for anti-money-laundering and Bank Secrecy Act violations, which comes as Wise seeks a banking license in the U.S.
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U.K. regulators said Monzo didn't properly vet new customers, while Vocalink was dinged for risk management lapses. Also, Paxos launched a dollar-backed coin in the European Union; and more news in the weekly global payments and fintech roundup.
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The Federal Reserve's vice chair for supervision said changes to the supplemental leverage ratio are needed to bolster the Treasury market and ensure banks are not incentivized to take on excessive risks.
Foreclosure activity surged in the first quarter, underscoring the growing need for borrower support as certain federal protections expired.
The 23rd annual ranking of women leaders in the banking industry.
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