Create and Maintain an Effective Loan Policy


Confident Risk Management Begins with Sound Loan Policy A risk-based approach to loan policy can effectively improve your institution's profitability. You might also like this webinar on loan policy best practices. When and how to update your policy. Policy Framework.

Monetary policy and happiness


So it follows that monetary policy decisions can affect happiness too. In a recent working paper we use a novel approach to assess how the unprecedented loosening in monetary policy in response to the 2008 global financial crisis affected the well-being of UK households.


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5 states blazing new trails in financial services policy

American Banker

Consumer lending ESG Politics and policy Cryptocurrencies

Partisan battle brewing over FDIC's bank merger policy

American Banker

FDIC Politics and policy


Le Pont de Londres: monetary policy spillovers, prudential policies and the financial centre effect


So can recipient countries employ prudential policies to offset monetary policy changes in centre countries? Many people (most notably Hélène Rey’s 2013 Jackson Hole paper ) have advocated taking macroprudential policies to offset this destabilising effect.

European Central Bank Solidifies Monetary Policy Decisions


The European Central Bank (ECB) held this year’s first monetary policy meeting, and said in a statement on Thursday (Jan. The central bank’s governing council said that Eurozone interest rates will stay at record lows, as would other policies instituted during the pandemic.

PayPal Changes Seller Refund Fee Policy


While the company had rolled back the policy in April, it has decided to reinstate collecting the initial 2.9 Earlier this year, PayPal updated its User Agreement to change our refund policy,” a PayPal spokesperson told The Verge. “In In line with industry practice, and according to our updated policy, we do not charge fees to process refunds, but when a seller refunds a transaction to a buyer, the fees originally paid will not be returned to the seller.

How climate risk is already creeping into banking policy

American Banker

Climate change Politics and policy

Amazon Go policy shift seen as response to legislative pushback

Payments Dive

The move by Amazon to reverse policies for its cashierless Amazon Go stores is being seen as a response to growing economic and political pushback against the impact of Silicon Valley on major segments of U.S. and global societies

Everything you need to know about data retention policy


Are you interested in creating or modifying a data retention policy? A company’s data retention policy describes how it saves data for compliance or regulatory reasons and destroys information once it is no longer required.

A bank-merger moratorium isn’t just bad policy. It’s illegal.

American Banker

M&A Politics and policy

XBRL News about climate reporting, implementation policy and India

Daily Fintech

The post XBRL News about climate reporting, implementation policy and India appeared first on Daily Fintech. XBRL india policy sustainability xbrl

Challenges to monetary policy: lessons from Medieval Europe


The Bank of England co-organised a ‘ History and Policy Making Conference ‘ in late 2020. History offers policymakers and academics useful case studies that can serve as distant mirrors beyond the study of crises and policy responses to them. Nathan Sussman.

U.S. Chamber, bank trades ask CFPB to rescind anti-discrimination policy 

American Banker

Regulation and compliance Politics and policy

Sluggish deposit rates and the effects of monetary policy


Could the slow response of deposit rates to changes in monetary policy strengthen its impact on the economy? Using United States data, I estimate local projections of deposit rates, deposit balances and other bank assets and liabilities to high-frequency changes in US monetary policy.

Slow recoveries, endogenous growth and macroprudential policy


This fact has motivated a large body of literature to assess the role that macroprudential (MacroPru) policies play in mitigating the severity of recessions. In reality, this policy often takes the form of minimum capital or liquidity requirements. Policy implications.

Can We Handle Monetary Policy Normalization Without a Recession?

SWBC's LenderHub

The American economy is very strong and well-positioned to handle tighter monetary policy.”.

New DOJ policy gives greater freedom to good-faith hackers

American Banker

Cyber security Technology Politics and policy

Should Your Bank Have A Workplace Vaccine Policy?

South State Correspondent

With FDA approval and the first shipments of the COVID-19 vaccine start to hit our communities this week, the question comes up over should banks have a policy around if the vaccine should be mandated, recommended, supported, and acknowledged in the workplace?

Unemployment risk, liquidity traps and monetary policy


We study optimal monetary policy conduct through the lens of a Heterogeneous Agents New Keynesian ( HANK ) model with frictions in the labour market, imperfect unemployment insurance, and an occasionally binding ZLB constraint (ie the interest rate may hit the ZLB during a downturn).

Progressives urge bank regulators to toughen climate change policies

American Banker

Compliance Biden Administration Politics and policy

Fed capital policy puts community development aid out of some banks' reach

American Banker

Federal Reserve Politics and policy

Monetary policy, sectoral comovement and the credit channel


There is ample evidence that a monetary policy tightening triggers a decline in consumer price inflation and a simultaneous contraction in investment and consumption (eg Erceg and Levin (2006) and Monacelli (2009) ). Chart 1 shows the impulse responses to an unexpected rise in the policy rate.

Do Vacation Policies Help Prevent Fraud?

New York's State of Mind

Advocacy Compliance New York State Regulatory Technology DFS mandatory vacation policy New York Banking Department Vacation Policy As An Internal Control SafeguardIn 1996 New York’s Banking Department issued a guidance strongly encouraging financial institutions to mandate two weeks of consecutive vacation for employees holding sensitive positions.

Why the Fed should reengineer its monetary policy

American Banker

Economic indicators Monetary policy Federal Reserve

TikTok?s Data Privacy Policies Draw Eyes Of EU Authorities


TikTok , the popular Chinese short-form mobile video app, is facing more scrutiny over its privacy policies, Bloomberg reported.

Visa Has Not Changed Bitcoin Purchase Policies

Bank Innovation

EXCLUSIVE—Payment processor Visa has not changed any policies related to the purchasing of bitcoin, the company told Bank Innovation. The company still allows Visa cardholders to make cryptocurrency purchases with “credit, debit, and certain prepaid Visa products,” it said in a statement. This follows reports that Visa, alongside other credit card networks, changed how cryptocurrency […].

Public policy can't slow distributed finance

Payments Source

Blockchain Digital payments Cryptocurrencies

Republicans call for U.S. Senate to terminate Citi contract over abortion policy

American Banker

Citigroup Politics and policy

Covid-19 briefing: monetary policy strategy post-Covid


This post summarises the key literature on the immediate monetary policy response to the shock, including both tools and short to medium-term strategy issues (but leaving aside the longer-term question of fiscal-monetary interactions). Monetary Policy Covid-19 monetary policy

EU Shakes Up Digital Policy To Get Competitive In Tech


The proposed plan to revamp the region’s digital market policy also includes measures to limit data control by Google, Facebook, Amazon and other Big Tech firms. Europe Big Tech data digital policy EU European Commission News What's Hot

IBM Announces Policy Lab To Help Ensure ‘Trustworthy’ Tech


With the new IBM Policy Lab, IBM is looking to regulate artificial intelligence (AI) development in a way that is safe, but does not infringe upon the creation of new technology, reports said. Leclerc is also chairman of the Software Alliance’s Europe, Middle East and Africa Policy Committee.

New Facial Recognition Policy Signed Into Law In Washington State


Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft.

CFPB Updates Policy For Civil Investigative Demands


The Consumer Financial Protection Bureau (CFPB) has announced changes to policies on Civil Investigative Demands (CIDs), which are investigational subpoenas issued by the CFPB. As a result of the policy changes, CIDs will now provide more information about the laws that might have been violated, as well as specify the activities subject to the CFPB’s authority. CFPB Civil Investigative Demands investigation law enforcement News policy violation What's Hot

Ticketmaster Under Fire Over Refund Policy


As the COVID-19 pandemic forces cancellations and postponements of events amid lockdowns, Ticketmaster is being criticized over its refund policy. He said its new refund policy is making it harder for customers to get their money back.