Remove Economy Remove Federal Reserve Remove OCC
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Fed, OCC, FDIC: US Bank Loan Risk On The Decline

PYMNTS

Federal Reserve, Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) all released a joint report saying that due to a healthy economy, prospects for loan repayment look good. However, the portion of loans owed by strongly leveraged borrowers is still high.

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Fed Chairman Concerned Over Shrinking Bank Market

PYMNTS

banking industry is in flux, largely thanks to federal policy that has made it easier (and faster) for institutions to merge. As concerns are raised about how industry consolidation might impact competition, Federal Reserve Chairman Jerome Powell is warning that it could hinder small businesses’ access to capital and financial services.

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Are FICO Scores “Artificially Inflated?”

FICO

The conclusion cited is that “debtors are riskier than their scores indicate because the metrics don’t account for the robust economy, skewing perception of borrowers’ ability to pay bills on time”. So are FICO ® Scores “artificially inflated”? The simple answer is no. FICO Scores Are Not Fixed Estimates of Credit Risk. Score Inflation.

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Can Comic Books Boost Compliance And AML Efforts?

PYMNTS

That’s in part because several federal agencies recently have come out — together — in support of banks embracing innovation in their compliance efforts. Marine who won the Medal of Honor for his actions on Guadalcanal in 1942, and whose story was told in comic books (along with other media) in order to boost morale and sell war bonds?

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A Regulator’s View Of Faster Payments

PYMNTS

June’s Faster Payments Tracker™ features an inside look at how the Office of the Comptroller of the Currency, a member of the Fed’s Faster Payments Taskforce, is facilitating the country’s transition to an economy of rapid transactions. The OCC is, of course, not alone in its focus on Faster Payments.

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COVID Casts More Doubt On Future Of Bank Branches

PYMNTS

Physical banking was already on the decline before the COVID-19 pandemic put much of the physical economy into the deep freeze for a year and left customers scrambling to digitize their day-to-day lives as much as possible and as fast as possible. Officially the regulatory powers that govern banking aren’t on board with this switch.

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ECB's Lagarde: Bitcoin A Money Laundering Tool, Needs More Regulation

PYMNTS

Banks offering those foundational principles for the CBDCs included the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, Sveriges Riksbank, the Swiss National Bank and the BIS.