Aug 2, 2019 | Banks & Credit Unions, Federal Regulation, News
← Previous Article Next Article → In a letter to Congress, Federal Reserve Chairman Jerome Powell indicated that the U.S. Federal Reserve (Fed) was “seriously considering” a real-time payments system, and that the Fed was uniquely structured to oversee the...
Jul 24, 2019 | Banks & Credit Unions, Congressional Legislation, Federal Regulation, News
← Previous Article Next Article → The U.S. Senate Banking Committee led by Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) held an unprecedented hearing on cannabis banking on July 23. The Senators focused their remarks on the Secure and...
Jul 8, 2019 | Banks & Credit Unions, FinTech, News
← Previous Article Next Article → Over the last two years, banks have increased their lending to nondepository financial institutions, many of which are fintech firms, by 23 percent, according to data compiled by FedFis. In comparison, commercial and credit...
Jun 24, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → The National Credit Union Administration (NCUA) proposed last week to delay the effective date of its risk-based capital rule until January 1, 2022. The rule would generally require larger credit unions, with assets more...
Jun 24, 2019 | Banks & Credit Unions, News
← Previous Article Next Article → The nation’s largest and most complex banks easily passed the Federal Reserve’s annual stress tests, despite undergoing a scenario that simulated the most severe economic downturn yet tested.The simulation projected $410...
Jun 14, 2019 | Banks & Credit Unions, News, Online Lending
← Previous Article Next Article → The California Assembly, led by Assemblypersons Monique Limon and Tim Grayson, passed AB-539 on May 23, a state bill that would cap interest rates at 36 percent on loans more than $2,500. Controversy and criticism have...
