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Third-Party Risk Management “Essential” As More Banks Partner with FinTechs

Third-Party Risk Management “Essential” As More Banks Partner with FinTechs

The OCC’s acting deputy comptroller for the Office of Financial Technology discussed agency supervision of banks’ use of financial technologies
M&A: First Western Announces Purchase of State Bank of Lismore

M&A: First Western Announces Purchase of State Bank of Lismore

Plus: WaFd and Luther Burbank have extended the deadline to complete their merger
Majority of Americans Reliant on Credit Card Rewards During Holidays

Majority of Americans Reliant on Credit Card Rewards During Holidays

Electronic Payments Coalition survey found that most Americans currently have a credit card with a rewards program
Congress Votes to Scrap CFPB Small Business Lending Data Rule

Congress Votes to Scrap CFPB Small Business Lending Data Rule

The ABA and ICBA have praised Congress’ decision to nullify the rule
FDIC “Missed Opportunities” in First Republic Bank Supervision

FDIC “Missed Opportunities” in First Republic Bank Supervision

Report from the FDIC’s Office of the Inspector General found the agency should have taken earlier action
BoA Pays $12M Fine for Mortgage Data Misreporting

BoA Pays $12M Fine for Mortgage Data Misreporting

The CFPB has levied the fine for failing to collect information on some mortgage applications
M&A: LNCB Swoops for EAGLE bank in $23M Deal

M&A: LNCB Swoops for EAGLE bank in $23M Deal

Plus: Illinois-based First Busey to acquire Merchants and Manufacturers Bank
How Institutional Investors Are Approaching Sustainable Investing

How Institutional Investors Are Approaching Sustainable Investing

Ahead of COP 28, new research shows the ways in which institutions are embracing ESG issues regardless of policy action
Sweden’s $18B Asset Management Tender, and Why It Matters

Sweden’s $18B Asset Management Tender, and Why It Matters

The Scandinavian country is overhauling a vital part of its state pension system, with a huge amount of money at stake
OCC Extends Deadline for Comments for Long-Term Debt Rule

OCC Extends Deadline for Comments for Long-Term Debt Rule

The deadline has been extended until January 16, 2024
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