A rule on lending to small businesses arrives: The long-awaited regulation on disclosure of owners’ demographics, among other data, also has a weird part.
Amid scrutiny over who’s to blame for recent bank collapses, politicians are weighing in on the need to change legislation.
Industry experts say new regulation is needed for the country to sustain its leading position on the world stage.
CFPB director Rohit Chopra said regulations should identify the risks in fast communication and put rules in place to mitigate their effects.
Mexican lender Banorte is introducing a digital bank. In recent months, Nubank, Santander, and others have also made major plays in the country.
Visa and Mastercard are among the firms vying for cloud-based payments and banking platform Pismo, and Ingenico bought softPOS startup Phos.
The world’s biggest crypto exchange is just one of several crypto firms under fire from the CFTC after a barrage of allegations.
SVB’s collapse and Credit Suisse’s rescue have highlighted why reversing post-2008 banking rules might be a bad idea.
The agency said it will use about $20B of the fund to cover Silicon Valley Bank depositors. Banks (and maybe customers) will pay in the long run.
The deal cost First Citizens $16.5B. In return, it’s expected to get a western US footprint, revenue growth, and loss protections.
Apple’s product strength and established wallet reach will make the solution a prime competitor in a crowded market.
Life insurance ownership is dwindling among US consumers, but demographic trends can shape acquisition strategies of new life insurance policyholders. Addressing pain points of Gen Z consumers can help marketers boost ownership rates of policies.
Technology startups are finding it harder to scrounge for backing while investors play it safe in the aftermath of a banking crisis that could put the innovation economy in peril.
Insurers need to plan for more claims, greater risks, and new regulation.