Since implementing ACES and expanding its use across the organization, Mountain America has:
- Eliminated manual population pulls and stratifications for loan sampling.
- Gained greater control over loan review activities, including question sets, workflows and testing.
- Increased visibility into findings, reporting and trending.
- Centralized communication between departments.
The new rules on custodial account records could address the widening issues that the Synapse bankruptcy caused in the fintech world, but could make relationships between banks and fintech partners complicated, experts said.
Ally customers are blaming the bank for data breaches at its vendors, arguing that basic cybersecurity measures would have prevented the thefts.
This week, Federal Reserve Gov. Michelle Bowman cast the first dissenting vote at an FOMC meeting in years. On Friday, she explained why the economic data she's seen didn't convince her of the need to cut rates as much as her fellow governors thought.
