Post Tagged with: "regulators"

Here’s How Citizens Bank Gets Regulators to OK Its FinTech Initiatives

Here’s How Citizens Bank Gets Regulators to OK Its FinTech Initiatives

by March 10, 2016 at 1:52 pm 0 comments

Is there a way to prevent regulators from derailing a bank’s fintech initiatives? Jill Castilla, president and CEO of Citizens Bank of Edmond, located in Edmond, Okla., says there is. In fact, the influential community banker has devised a distinct strategy for limiting the bank’s regulatory risk from fintech projects,Read More

Blame Regulators for Loan to San Bernardino Shooter, Not Prosper or Citi

Blame Regulators for Loan to San Bernardino Shooter, Not Prosper or Citi

by December 14, 2015 at 10:50 am 0 comments

The tumult surrounding the $28,500 loan through Prosper to Syed Rizwan Farook, one of the shooters that killed 14 people, can only be called misguided. There’s also a streak of disingenuousness coming out of bank regulators that deserves to be called out. What is clear is that Farook, the husband inRead More

Why IT Needs to Be Part of the Regulatory Compliance Debate

Why IT Needs to Be Part of the Regulatory Compliance Debate

by August 22, 2014 at 10:42 am 0 comments

The ABA’s Frank Keating argues that banks deserve “balanced, nuanced” regulatory compliance that does not upend their economic prospects, particularly for smaller community banks. But that argument rings hollow.

Revoke HSBC’s Banking Charter

Revoke HSBC’s Banking Charter

by December 2, 2013 at 10:16 am 15 comments

HSBC deserves to have its banking charter revoked, plain and simple. While America was in a turkey stuffing-induced slumber, HSBC proved through its treatment of Brett King, arguably one of the world’s most forceful proponents for banking innovation, that it does not understand what it means to behave in aRead More