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Federal Reserve Vice Chair for Supervision Michael Barr had promised to share findings from his review of the Fed's oversight efforts for the failed bank by May 1.
April 25 -
Visa saw overseas spending on the firm's cards unexpectedly rise in the first three months of the year, as the payments giant benefited from an increase in global travel.
April 25 -
Rep. Roger Williams, chairman of the House Small Business Committee, says Small Business Administration is considering allowing borrowers to self-certify eligibility for loans, a step some believe could lead to more fraud. The agency declined to say whether that is one of the changes it's considering.
April 25 -
The four agencies did not issue new regulatory guidance but instead cited previous concerns about the potentially harmful uses of automated systems — including AI — that could contribute to unlawful discrimination.
April 25 -
Brian David Hall is the author of
Your Website Sucks, Here's How To Fix It and has run hundreds of experiments across dozens of websites, generating millions in incremental revenue. You can see more of his work atbriandavidhall.com/cpa .April 25 -
The central bank believes it needs authorization to issue a digital dollar, but others say the hurdles to implementation are much lower.
April 25 -
CEO Rajinder Singh said battered competitors are "throwing off" both talent and customers, creating a chance for the Miami Lakes, Florida, bank to pick up new business.
April 25 -
The Financial Stability Oversight Council is clearing the administrative road to designate nonbank firms and activities as systemically risky, but if it wants those designations to stick it needs the public on its side.
April 25
American Banker -
The banking industry and consumer advocates praised the Financial Stability Oversight Council's move to reinvigorate its authority to regulate nonbanks. But that effort is going to take time and is guaranteed to face political headwinds.
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