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Risk Management

The OCC’s acting deputy comptroller for the Office of Financial Technology discussed agency supervision of banks’ use of financial technologies
Report from the FDIC’s Office of the Inspector General found the agency should have taken earlier action
The deadline has been extended until January 16, 2024
Financial institutions are a top focus for cybercriminals for obvious reasons
Survey found more than half of Americans are not paying off cards in full every month
Unemployment is expected to stay around 3.8% and payrolls have continued to increase
Consumer spending, government spending and residential investments were the catalysts for growth
Large banks outperformed expectations but regional banks fell dramatically
JP Morgan reported $13.15 billion in profit last week
Governor Michelle Bowman urged policymakers to consider the risks of regulatory reforms
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