CFPB seeks comments on bank fees as consumer-data rule reworked
The US Consumer Financial Protection Bureau is seeking answers to questions around bank fees and customer authorization as it reshapes a rule governing...
unveiling the risk of delivery failures and higher volatility in the repo market – Bank Underground
Miruna-Daniela Ivan
The widespread practice of financial institution to re-use securities received as collateral plays a key role in the repurchase agreement (repo) market...
Why FIs should invest in fraud detection
As quickly as financial institutions implement gen AI to speed manual back-end processes and consumer-facing operations, bad actors are using the technology to...
More mortgage lending might push home ownership further out of reach – Bank Underground
Jamie Waddell and Danny Walker
Would expanding mortgage supply lead to increased home ownership? Given that 90% of young home owners have a mortgage,...
Visa abandons open banking in US as data-access debate rages
Visa Inc. shut its open-banking business in the US amid regulatory uncertainty about consumer-data rights and the prospect of higher fees for customer...
How fixed are global exchange rates? – Bank Underground
Roger Vicquéry and Kevin Hjortshøj O’Rourke
While the collapse of the Bretton Woods system in 1973 has traditionally been seen as heralding a major...