Banks are confronting new, digital risks, and guarding against them demands a more agile, teamwork-focused approach. Michael Hsu, acting Comptroller of the Currency, said in...
Technology and third-party relationships — with service providers and digitally-focused FinTechs — have helped transform banks’ operations. Banks have been able to pivot fully into...
Nine federal financial regulatory agencies have proposed or will propose joint data standards that would apply to data submitted to the agencies. As required by...
Citigroup reportedly made repeated breaches of a Federal Reserve rule limiting intercompany transactions. Those breaches led to errors in the banking giant’s internal liquidity reporting, Reuters reported Wednesday...
Three federal bank regulatory agencies said Thursday (July 25) that they are considering “additional steps” to ensure banks effectively manage risks associated with bank-FinTech arrangements....
A U.S. banking regulator has reportedly determined that many lenders aren’t prepared for risks. As Bloomberg News reported Sunday (July 21), a confidential assessment by...
Political polarization presents a long-term risk to banking, Acting Comptroller of the Currency Michael J. Hsu said Wednesday (July 17). The Office of the Comptroller of the...
Banks can help combat fraud targeting consumers by verifying the accuracy of transactions, educating the public, and maintaining strong controls and fraud monitoring capabilities, Acting...
VersaBank needs only one more regulatory approval to proceed with its acquisition of Stearns Bank Holdingford. The bank received approval from the Office of the Comptroller of...