Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do.
After a long dry spell in the industry, de novo banks are coming back, thanks to renewed interest from both investors and regulatory agencies, according to Tom Michaud, CEO of Keefe, Bruyette & Woods.
The exodus of chief executives from two of President Trump’s business advisory councils in the aftermath of the Charlottesville tragedy was a highly visible example of risk management and cultural principles in action.
A handful of state regulators are discussing ways to create a single regulatory structure for fintech companies that are seeking regional or national business.
In addition to typical industry challenges, family-owned banks also have to address generational leadership and estate planning at a time when an increasing number of their CEOs are looking to retire.
The National Credit Union Administration has laid out a detailed and comprehensive reform plan, with proposals ranging from minor procedural changes to more ambitious goals, like a firmer assertion of federal preemption over state laws.
