OCC’s Hsu makes case for targeted, agile bank supervision
Acting Comptroller of the Currency Michael Hsu called for a shift from rigid, process-driven supervision to a more risk-based approach, emphasizing the need for overseers to prioritize pressing supervisory issues and improve their agility in monitoring large banks.
Upstart is emerging from its nuclear winter, CEO says
The company, a pioneer in AI-based lending, says improvements to its models and long-term commitments from the banks it works with will bring about positive returns in the third and fourth quarters.
Sterling in Michigan to sell bank for $261 million
EverBank Financial in Florida said the deal would give it $900 million of loans and $2 billion of deposits. Should the deal close in early 2025 as planned, it would culminate a long saga for Sterling.
How credit unions are staying relevant in the BNPL space
As member demand for installment payments increases, resource-strapped institutions are looking for outside help. Fintechs offer the service.