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The Office of the Comptroller of Currency said it will no longer include examinations for disparate impact liability but will still perform fair lending risk assessments on a regular basis.
July 14 -
Loan growth and laxer capital requirements figure to be hot topics during second-quarter earnings season, which starts Tuesday. It's a turnaround from three months ago, when tariff worries were rampant.
July 14 -
Federal banking regulators outlined considerations for safely handling digital assets in a new guidance published Monday, which replaces prior statements on crypto that were withdrawn earlier this year.
July 14 -
Dallas Turner, a linebacker for the Minnesota Vikings, sent $240,000 via wire transfers after scammers convinced him someone was impersonating him.
July 14 -
The bank is using Cognition's Devin AI agent to automate simple tasks for programmers, with human controls.
July 14 -
The Columbus, Ohio-based company plans to acquire Veritex Holdings, which has grown into one of the Lone Star State's biggest commercial banks over the past 15 years.
July 14 -
In a surprise settlement, the Consumer Financial Protection Bureau ordered the Texas lender to pay a penalty and compensate for overcharging service members on more than 45,000 loans.
July 14 -
Major nonbank financial trade groups asked Treasury Secretary Bessent to scrap 2023 guidance expanding nonbank designations, citing cost and competitiveness concerns.
July 14 -
As we enter one of the banking industry's most extreme cycles of deregulation, we should remember it doesn't always work, especially when supervisory police are reduced and consumer protection guardrails are removed, resulting in a high-speed lane for risk-taking banks and nonbanks.
July 14 -
Increasing community bank and credit union adoption is a key pillar of the P2P payment network's strategy as it looks to increase its network effect and penetrate into small-business payments.
July 14