PayThink 2018 Direct Page

FDIC Chairman Martin Gruenberg announced that regulators will soon issue a proposed rule to finalize U.S. implementation of the most recent revisions to the Basel III capital framework. Among the expected updates are changes to capital requirements for banks with assets of more than $100 billion, three of which failed this spring.

The markets had a muted reaction to the Federal Open Market Committee pause on raising short-term rates a week ago, Freddie Mac found.

The Bank of Lithuania said it will start bankruptcy proceedings against Payrnet and intends to ask authorities to investigate possible criminal offenses. 

The amount of distressed assets rose 10% in the first three months of the year, according to a new report from MSCI Real Assets.

Activist investor Abbott Cooper said he could continue his campaign against the Dallas-based company's management and board even if his candidate falls short in her bid to become a director.

Doron Rozenblum is global chair of internal audit and risk at the international accounting network Kreston Global. He is the managing partner of Kreston-Ezra Yehuda-Rozenblum leading the risk advisory services practice of Kreston IL Group. He is a Certified Internal Auditor and holds the Certificate in Risk Management Assurance.

Treasury's plan to overhaul the certification process for community development financial institutions will benefit the communities served by those institutions.

In its ongoing quest to diversify beyond bank account data-aggregation, Plaid aims to help fintechs and banks to block fraud by sharing data about stolen consumer identities via a fee-based consortium called Beacon.

CEO Jamie Dimon has called the AI initiative, which includes a vast hiring campaign, "critical to our company's future success."