Perficient

NOVEMBER 21, 2024

The first compliance deadline of April 1, 2026, impacts the largest organizations. Impact on consumers Without open banking, consumers struggle to switch between bank deposit and lending offerings. The ruling demands action from all non-depository firms (e.g.,

Compliance 221

Compliance Data Cards Meeting 221

Gonzobanker

JUNE 14, 2023

Cross River Bank recently found itself in hot water with the FDIC when the agency declared that the bank engaged in unsafe or unsound banking practices in relation to its compliance with fair lending laws and regulations, specifically the Equal Credit Opportunity Act and the Truth-in-Lending Act.

Compliance 109

Compliance FDIC Strategy Fintech 109

BankUnderground

JANUARY 12, 2023

This in turn means greater risk of ‘debt deleveraging’ by heavily indebted households and firms, who may be forced to reduce their spending in order to meet their debt obligations, potentially amplifying any recessionary effects. This is akin to the concept of ‘value-at-risk’ used in financial risk management.

Policies 137

Policies Capital Exercises Lending 137

Perficient

NOVEMBER 21, 2024

The first compliance deadline of April 1, 2026, impacts the largest organizations. Impact on consumers Without open banking, consumers struggle to switch between bank deposit and lending offerings. The ruling demands action from all non-depository firms (e.g.,

Compliance 221

Compliance Data Cards Meeting 221