Simplification of the Basel capital rules
The
From a note sent to participants: "Debates in Salzburg are a participation sport and we are looking for volunteers to get up and speak in front of the group, either in favor of the current system of risk weighted assets, which seems to lead to remarkably different results from bank to bank or in favor of the simple leverage ratio, which many view as too simple."
Simplification may be gaining steam.
To see more posts from Barb Rehm's Blog,
Esusu, Foyer, Divvy Homes and Tomo Mortgage are among the fintechs trying to give first-time homebuyers a break, alongside community development financial institutions like Southern Bancorp.
The Chicago-area lender, which at first was able to get the suit quashed, agreed to end the discrimination case by paying a $105,000 fine.
The company disclosed the potential for legal action 'in the near-term' by the bureau in a recent earnings disclosure.
The payment company is connecting installment lenders with borrowers who may be looking for a product instead of a specific company.
U.S. Bancorp is splitting its payment services business in half; Flagstar Financial continues to fill out its leadership with an eye toward tech and risk management; First Horizon authorized an additional $350 million in stock buybacks for its $1 billion share repurchase plan; and more in this week's banking news roundup.
The agency said VyStar customers took on fees and credit report demerits because they could not access banking functions for months following an attempted upgrade.
