Bank examiners offer an initial line of defense in spotting weaknesses that can ripple across the U.S. financial system. They scrutinize credit portfolios, cyber controls and the third-party vendors linking traditional banks to FinTech partners. Yet, as risk grows more digital and diffuse, the examiner...
The Securities and Exchange Commission’s corporate filings database, EDGAR, reportedly suffered “intermittent issues” on Monday (Oct. 20), making this financial information only sporadically available. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
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The former chief financial officer for Builder.ai has reportedly been subpoenaed by American prosecutors. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Federal banking regulators’ efforts to reduce regulatory burdens and focus on material risks will save banks a lot of full-time equivalents, PNC Financial Services Group Chairman and CEO Bill Demchak said Wednesday (Oct. 15) during the bank’s quarterly earnings call. Get the Full Story Complete...
White House budget director Russell Vought announced Wednesday that he intends to shut down the U.S. Consumer Financial Protection Bureau (CFPB), a position that appears to contradict the Trump administration’s arguments in ongoing court proceedings, according to Courthouse News. Get the Full Story Complete the...
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Federal banking regulators are reportedly preparing to propose a plan that would reduce the community bank leverage ratio from the current 9% to 8%, which is the lowest amount allowed by law. Get the Full Story Complete the form to unlock this article and enjoy...
A little over four months after the removal of an asset cap that had been imposed by the Federal Reserve, Wells Fargo aims to shift the conversation from the improvements it made to earn that achievement to the work it has done to improve growth...
