OCC Issues Guidance on ‘Buy Now, Pay Later’ Lending -
“The guidance notes that banks should maintain underwriting, repayment terms, pricing, and safeguards that minimize adverse customer outcomes and should ensure that...more
1/29/2024
/ Artificial Intelligence ,
Banking Regulators ,
Basel Committee on Banking Supervision (BCBS) ,
Buy Now Pay Later (BNPL) ,
Climate Change ,
Consumer Financial Protection Bureau (CFPB) ,
FDIC ,
Interest Rates ,
Lending ,
Machine Learning ,
New Guidance ,
OCC ,
Risk Management ,
Software
Giant Banks Paid More for Deposits in Q2. That's Bad News for Small Lenders.
“But many smaller institutions, some of whom turned to more expensive borrowings to replace deposits lost in the spring, don't have as many...more
8/8/2023
/ Affirmative Action ,
Banking Sector ,
Borrowers ,
Climate Change ,
Consumer Financial Protection Bureau (CFPB) ,
Diversity and Inclusion Standards (D&I) ,
Employer Liability Issues ,
Environmental Social & Governance (ESG) ,
Financial Fraud ,
Financial Institutions ,
Financial Services Industry ,
Lenders ,
Risk Management
Welcome to our last Promissory Notes issue of 2021. As we all know, 2021 was another interesting year in the banking and finance industry, and we expect 2022 to be much the same. Our goal, as with all of our publications, is...more
The Fed Plans to Unveil Digital Dollar Prototypes in July -
"The Boston Fed and MIT hope to unveil some of their work in the third quarter, including at least two prototype software platforms that could move, store and...more