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Brex Offers FDIC Insurance, Adds Chief Legal Officer

PYMNTS

a financial services holding company based in Kansas City, Missouri. Her role will include legal and compliance oversight including the company affiliate, Brex Treasury LLC, a Securities and Exchange-registered broker-dealer.

FDIC 166
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Small banks: Big challenges and big opportunities

Abrigo

According to the Federal Reserve Bank of Kansas City , community banks’ deposit market share dropped to 15% in 2022 from 22% in 2013. At the same time, asset-based liquidity options at some community banks have been constrained by large unrealized losses in available-for-sale securities. Check out our 1071 compliance resources.

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Fed Looks To Keep Momentum Going On Payments Improvements

PYMNTS

For the Fed, progress means improving the speed, security and efficiency of the payments system, and to focus on international payments capabilities and promote collaboration within the field. Since establishing the Secure Payments Task Force, the Fed said efforts on payments security have been closely aligned with those on payments speed.

Payments 124