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The state's Democratic-controlled Legislature has enacted laws establishing data privacy rights, giving municipalities the ability to set up public banks, and requiring standardized disclosures on small-business loans, among other issues. Lawmakers elsewhere are taking notice.
October 8
American Banker -
Rather than homing in on specific methods to accommodate real-time payment processing, Wells Fargo realized a mix is the best bet to avoid inadvertently leaving parts of its client base in the dark.
October 8
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The banking trade group is asking for an en banc rehearing of its field-of-membership challenge before all 17 judges of the D.C. Court of Appeals.
October 8
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The German bank is trying to reverse its reputation for “lousy systems;” the Bakkt platform has failed to attract much trading in its first two weeks.
October 8
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The challenge with cash is its nature makes it hard to transition away from it. On the other end of the scale, digital-only businesses may never accept cash, meaning they may always exclude the cash-based consumer.
October 8
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The industry had welcomed the Consumer Financial Protection Bureau plan allowing debt collectors to use electronic communication, but some worry about the effect of a court decision concerning email correspondence.
October 7
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The awards gala was a who's who in banking, both at the podium and in the audience. The FHFA settles the sexual harassment complaint involving Mel Watt. And an OCC veteran talks about her career.
October 7
Financial Planning -
The National Credit Union Administration should help soften the effects of the new standard on regulatory capital through rulemaking.
October 7
National Credit Union Administration -
Regulators should consider online lending and a list of what loans qualify for CRA credit in any revamp of the outdated law.
October 7
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The agency chairman's comments mark an unusual turn for an industry famous for its bipartisanship.
October 4
