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The New York City Banking Commission will now require banks seeking access to municipal deposits to provide detailed plans about how they are combatting discrimination. The commission is also implementing a public comment process as part of its process for determining which banks are eligible.
February 10
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The regulatory authority could reinstate the ability to impose banklike regulation on firms it finds to be 'systemically important.'
February 10
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As the Office of the Comptroller of the Currency rethinks its bank merger framework, the standard metric for determining a bank's deposit concentration in a merger review is increasingly irrelevant, officials say.
February 10
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Super Bowl spending spikes, Openpay closes, Mastercard takes aim at gamers, and more in banking news this week.
February 10
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The appointment of Mung Chiang should lead to more robust oversight, sharper questions and overall stronger corporate governance, First Merchants CEO Mark Hardwick said.
February 10
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PayPal is pausing work on the project as regulators increase scrutiny of cryptocurrencies and a key partner faces a probe by the New York State Department of Financial Services.
February 10
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In a speech on digital assets and decentralized finance, the Federal Reserve Board governor said the underlying technology of the volatile sector has value.
February 10
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Federal Housing Finance Agency Director Sandra Thompson said that Federal Home Loan Banks benefit from the implied guarantee of the U.S. government.
February 10
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Albuquerque-based One Hope Financial Institution will focus on small-business owners who have been historically excluded from traditional banking services.
February 10
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Darius Wise was tapped to become the credit union's chief executive in full, after holding the role of interim CEO since May 2022.
February 10
