Treasury accuses banks of 'insufficient data sharing' on fraud
Despite advancements in AI for transaction monitoring, financial institutions share little in the way of fraud data, undermining efforts to combat crimes including check fraud.
Despite advancements in AI for transaction monitoring, financial institutions share little in the way of fraud data, undermining efforts to combat crimes including check fraud.
With high deposit and borrowing costs persisting amid the Federal Reserve's campaign against inflation, lenders face stress on their net interest margins and the potential of troubled loans ticking up.
A federal judge's ruling in the Custodia lawsuit settles — for now — the question of whether the Federal Reserve has the discretion to grant or deny a bank access to its payment settlement system. But to keep it, the Fed needs to articulate the danger it's protecting against.
The Federal Reserve governor said regulators should strive for clarity and consistency as they tweak their merger review processes. She also waved off concerns about regulators being a "rubber stamp" for bank combinations.
The Consumer Financial Protection Bureau received nearly 28,000 mortgage-related consumer grievances in 2023, the regulator said.
Ambitious women who feel trapped in their roles sometimes find themselves competing against others with the same goals. An effective way to advance may require stepping off the most obvious path, according to executives sharing their personal experiences at American Banker's Payments Forum.
Houston-based Prosperity Bancshares said it closed its purchase of Lone Star State Bancshares about a year later than initially planned.
The agency's abuse of criminal investigative demands, with no recourse of overburdened small businesses, is yet another example of why it is viewed as a rogue agency, unaccountable to anyone.
The Evansville, Indiana bank named an interim chief financial officer after Brendon Falconer was charged with child molestation.