February 1, 2023

“CFPB seeks to do away with the potential loophole that furnishers may try to take advantage of to evade their obligation to investigate disputes and merely write them off as frivolous at their own discretion.” On September 13, the Consumer Financial Protection Bureau (CFPB) filed an amicus brief in regard to a district court case …

CFPB to Furnishers: Know Your Role! Read More »

There’s a saying that “everything old is new again,” and that’s certainly an adage you can bank on in Washington, D.C. – especially when it comes to poor public policy proposals. A textbook example of this unfolded during the 117th Congress, when our industry found itself once again facing a bad idea that we thought …

Washington Update: Beating Back a Bad Idea – How Bankers United to Play Defense Against Durbin Expansion Read More »

As 2022 has come to a close, we keep hearing the tune of a particular chorus on repeat across news stations, podcasts and pretty much every media outlet: Will There be an Economic Recession in 2023? Many analysts, economists, and other experts are largely backing this prediction with mounds of data saying how people might …

Why Lenders Should Consider SBA Loans During a Recession Read More »

Dealers in art and antiquities have long been part of money laundering typologies on a global scale, given the illegal movement of funds flowing through these channels. Recent efforts to provide greater scrutiny to detect and prevent laundering money through art and antiquities are bringing newfound attention that financial institutions should consider as they run …

Money Laundering Through Art and Antiquities Read More »

As the Federal Reserve aggressively hikes interest rates to tamp down inflation, depositors are starting to demand more for their money. Results from IntraFi’s most recent quarterly survey of bank executives indicate the trend is likely to continue. Ninety-five percent of respondents expect funding costs to go up, and 71% said deposit competition would increase. …

Banks Need a Game Plan for Today’s Interest Rate Environment Read More »

Banks must consider the various areas of risk, especially as they consider the safety and soundness of their institution. Climate change and risk management have become hot-button topics for financial institutions in recent years as a result of the rising concern by policymakers, international organizations, financial regulators, and so many others. There has been a …

Climate Change and Climate Risk Management for Banks Read More »

Advocacy and Education are More Important Than Ever The quickly changing political landscape has brought about great new risks to employers and the banking industry. Both political parties are pushing back against corporate entities, advancing legislation, and policy based on the day’s latest angry tweet storm or outlandish conspiracy theories. Bearing that in mind, it …

Under the Copper Dome: Banks Are Under Attack Read More »