other
Interagency council of the Federal Reserve, FDIC, OCC, NCUA, CFPB and five state banking supervisor representatives that issued the May rating-system reform proposal and will handle the final rulemaking.
No evidence-backed relationships are recorded.
FiCare Federal Credit Union alleges Fiserv's call center unblocked stolen cards for fraudsters, citing at least 18 fraudulent transactions in August. The number on the card is Fiserv's, so FiCare is using court discovery to learn how its members' fraud blocks get lifted.
Reality
Cornerstone Community Bank had to raise $20 million before it could make a loan, and it took more than 230 shareholders and about $27 million to get there. Lawmakers are now weighing that floor.
Reality
The Kansas City Fed counts fewer than seven de novo banks a year since 2010 against 185 a year before 2007, and its researchers put most of the fall down to technological change. Applications are rising anyway.
Reality
The Georgia Tech corpus says the handset belongs to the attacker while Regulation E says the loss belongs to the bank, which makes every extra authentication factor pushed to that same phone a purchase with no yield.
Reality
More than 60 comment letters flag the same hole: "material financial risk" is the reform's load-bearing concept, and the proposal leaves it blank. That hands discretion back to examiners.
Reality