PYMNTS

NOVEMBER 12, 2020

FDIC) study found that the number of unbanked U.S. Banks and financial institutions (FIs) have been layering patches and tools on top of outdated core banking systems for so long that it’s become a Frankenstein’s monster of tech entanglement. A recent Federal Deposit Insurance Corp. What are those challenges? In a word, “legacy.”

Mobile 202

Mobile Study Tools FDIC 202

PYMNTS

NOVEMBER 12, 2020

Twelve years after the housing and mortgage markets’ collapse threw the United States into financial distress not seen since the Great Depression, market watchers are again on the lookout for a possible new banking crisis spawned by upheaval in the U.S. Bank regulators and overseers have been tracking the problem since the outbreak’s onset.

New York City 227

New York City New York Missouri Philadelphia 227

CFPB Monitor

NOVEMBER 10, 2020

The Fed, FDIC, and OCC have issued a “ Statement on Reference Rates for Loans ” that addresses replacement rates for the London Inter-Bank Offered Rate (LIBOR). In July 2020, the Federal Financial Institutions Examination Council issued a “ Joint Statement on Managing the LIBOR Transition.”

Regulation 78

Regulation FDIC New York Lending 78