The Michigan league has turned to the state's bankers association for its newest employee. Michael DeFors, 53, has joined the Michigan league (MCUL) as director of regulatory and legal affairs. DeFors comes to the MCUL from the Michigan Bankers Association (MBA), where for 16 years he was employed in government affairs. During that time he directed the efforts of the MBA's Compliance Committee and worked on regulatory issues for MBA policymaker discussion and resolutions, and represented the association as the industry's spokesperson with the media.
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The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
3h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
11h ago -
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 - Yahoo Finance Feed
The banking giant has launched an online platform that links small-business owners and entrepreneurs in need of capital to community development financial institutions. The platform was developed in partnership with Community Reinvestment Fund USA.
March 27 -
A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.
March 27