American Banker January-February 2023

BINDING CONSTRAINT

In February 2018, the Federal Reserve prohibited the San Francisco-based bank from growing beyond $1.95 trillion. Five years later, analysts, investors and lawmakers are left with more questions than answers about the unprecedented enforcement action.

Priscilla Sims Brown's values and experiences over a long and storied career were a perfect fit with Amalgamated Bank, where she became CEO in 2021.

Non-depositories now dominate home lending, but many of these firms were untested until they had to grapple with the current rising rate environment. How they fare could significantly impact the rest of the mortgage market and, more specifically, the Government National Mortgage Association.

To combat cybercriminals, banks and credit unions turn to white-hat hackers to uncover system vulnerabilities. But what motivates these computer whizzes can be surprising.

In "Limitless," the journalist Jeanna Smialek explores how the Federal Reserve has gone beyond its more traditional monetary policymaking to a more activist role of addressing societal problems.

The Consumer Financial Protection Bureau is attempting to make broad changes to its authority and expand what counts as discrimination. This could lead to banks to cease offering important services.

The Consumer Financial Protection Bureau has taken an important step in saying that it would work to root out unfair practices in all banking services. This is will help ensure all customers are treated fairly.