Fed governor: Regulators just ‘don’t understand’ implications of new rules
Federal Reserve Gov. Michelle Bowman said a lack of banking experience among regulatory officials has led to unintended consequences. She flagged mergers, fintech partnerships and liquidity proposals as prime examples.
Canada’s interchange cuts add fuel to the move beyond card payments
Interchange reductions for small Canadian businesses join global efforts to curb swipe fees, prompting Visa and Mastercard to diversify
20 credit unions with largest portfolios of home equity loans
The top five credit unions have combined real estate loans and lines of credit of more than $217 million as of June 30.
Banks brace for next hurricane amid emotional Helene relief work
Financial institutions are on the front lines of relief efforts in Tennessee and North Carolina, while in Florida, Hurricane Milton threatens to deal a second blow.