New Calif. laws cover debt collection, credit unions’ overdraft fees
Democratic Gov. Gavin Newsom signed various measures designed to bolster consumer protection rules. The bills target several issues that have also been percolating at the federal level.
Beth Johnson shares the AI projects underway at Citizens Bank
Citizens is testing the use of generative and traditional AI in several areas, including as a copilot for contact center reps and to help branch staff detect fake checks, she says.
Territorial in Hawaii postpones merger vote as competing offer lurks
Honolulu-based Territorial Bancorp is delaying the approval vote by about four weeks in order to continue discussions with its shareholders. A group that includes a former Bank of Hawaii CEO is trying to scuttle the $78 million deal with Los
Critics say FDIC governance proposal overreaches, but proponents say few banks are affected.
The proposed FDIC guidelines would impose stricter governance and risk management standards on banks with over $10 billion in assets, drawing concern over potential regulatory overreach and conflicts with state laws.