United States federal banking legislation

Finzly Partners with Derivative Logic, Provides Interest Rate Hedging Capabilities to Community Financial Institutions

Retrieved on: 
Monday, August 31, 2020
Finance, Money, Economy, Bank, Economic history of Italy, Credit, United States federal banking legislation, Systemic risk

Recognizing the importance of offering specialty banking services to commercial banking customers, this partnership positions community and regional financial institutions to gain a competitive advantage in the marketplace by providing interest rate hedging capabilities to their commercial borrowers.

Key Points: 
  • Recognizing the importance of offering specialty banking services to commercial banking customers, this partnership positions community and regional financial institutions to gain a competitive advantage in the marketplace by providing interest rate hedging capabilities to their commercial borrowers.
  • In doing so, the institution effectively grows its fee income mix, reducing funding costs while growing net interest margins.
  • "Interest rate hedging services provide a true strategic differentiator for banks and credit unions as they compete for commercial customers," said Jim Griffin, Managing Director, Derivative Logic.
  • Finzly connects financial institutions with customers through a modern digital banking experience and an efficient, real-time payment services hub.

Leading Biochemist Charles Brenner, Ph.D., Joins City of Hope as Chair of First Department Focused on Diabetes and Cancer Metabolism

Retrieved on: 
Monday, August 24, 2020
Research, Hospitals, Genetics, Diabetes, Biotechnology, General Health, Pharmaceutical, Health, Science, Oncology, Charles Brenner, Diabetes, Research, Hospitals, Genetics, Diabetes, Biotechnology, General Health, Pharmaceutical, Health, Science, Oncology, United States administrative law, United States federal banking legislation, Finance, Money, Economy, Corporate crime, Credit, Fair Credit Reporting Act, Rulemaking, Federal Trade Commission, Notice of proposed rulemaking, Dodd–Frank Wall Street Reform and Consumer Protection Act

Biochemist Charles Brenner , Ph.D., has joined City of Hope to lead the nations first research department focused on the intersection between cancer and diabetes.

Key Points: 
  • Biochemist Charles Brenner , Ph.D., has joined City of Hope to lead the nations first research department focused on the intersection between cancer and diabetes.
  • As chair of City of Hopes new Department of Diabetes & Cancer Metabolism, Brenner and his team will focus on metabolic disturbances that underlie diabetes, cancer and their complications.
  • He will also recruit additional faculty members working at the interface of diabetes and cancer.
  • City of Hope is an independent biomedical research and treatment center for cancer, diabetes and other life-threatening diseases.

You Have the Right: 5 Credit Rights Consumers Should Know

Retrieved on: 
Tuesday, August 4, 2020
Finance, Money, Credit, Economy, Personal finance, United States federal banking legislation, Banking, Credit bureau, Fair Credit Reporting Act, Credit history, Credit score, FCRA

Knowing your credit rights empowers you to take control of your credit and handle any issues efficiently.

Key Points: 
  • Knowing your credit rights empowers you to take control of your credit and handle any issues efficiently.
  • Your credit details aren't a secretthe Fair Credit Reporting Act (FCRA) gives you the right to request your credit report.
  • Outside of your free credit reports, you can purchase your credit bureau reports along with your FICOScore through myFICO.com.
  • The Equal Credit Opportunity Act was designed to ensure that consumers have equal access to credit.

BankMobile Announces a Collaboration with Google to Offer Digital Bank Accounts

Retrieved on: 
Monday, August 3, 2020
Federal Deposit Insurance Corporation, Government, Financial services, Finance, 73rd United States Congress, Separation of investment and retail banking, United States federal banking legislation, Bank, Glass–Steagall in post-financial crisis reform debate, Temporary Liquidity Guarantee Program

We are thrilled to be collaborating with Google to offer our customers enhanced digital bank accounts, stated Luvleen Sidhu, Co-Founder and CEO, BankMobile.

Key Points: 
  • We are thrilled to be collaborating with Google to offer our customers enhanced digital bank accounts, stated Luvleen Sidhu, Co-Founder and CEO, BankMobile.
  • The digital checking account will be built on top of BankMobiles existing banking infrastructure and the accounts will be FDIC-insured.
  • The new accounts that BankMobile is working on with Google will be available to customers in 2021.
  • BankMobile is operating as the digital banking division of Customers Bank, which is a Federal Reserve regulated and FDIC-insured commercial bank.

Aveshka announces five contract awards to provide COVID-19 response support services for Federal Regulatory Agencies

Retrieved on: 
Thursday, July 30, 2020
Bank regulation in the United States, Government, Federal Deposit Insurance Corporation, Advanta, Federal government of the United States, Executive branch of the United States government, United States federal banking legislation

"FDIC is leveraging our knowledge as they are committed to prioritizing the health and safety of their staff and improving their current readiness posture."

Key Points: 
  • "FDIC is leveraging our knowledge as they are committed to prioritizing the health and safety of their staff and improving their current readiness posture."
  • Aveshka has well over 100 experts currently supporting response efforts related to COVID-19.
  • "We were at the ready to provide support to our financial regulatory agency customers at an extremely critical time," said Priscilla Golden, Aveshka Program Director for CDC and FDIC programs.
  • Aveshka accelerates the advantage for its customers' missions, rendering them protected today and prepared for a safer and smarter tomorrow.

Cardiovascular Systems Presents REACH PVI Study at the New Cardiovascular Horizons Conference

Retrieved on: 
Monday, July 27, 2020
Health, Medical devices, Cardiology, Finance, Economy, Credit scoring, Credit, Fair Credit Reporting Act, United States federal banking legislation, Federal Trade Commission, Credit bureau, MyLife, REACH PVI, Cardiovascular Systems, Inc.

Cardiovascular Systems, Inc. (CSI) (NASDAQ: CSII), a medical device company developing and commercializing innovative interventional treatment systems for patients with peripheral and coronary artery disease, today announced that the results from its REACH PVI study were presented at the New Cardiovascular Horizons (NCVH) Conference.

Key Points: 
  • Cardiovascular Systems, Inc. (CSI) (NASDAQ: CSII), a medical device company developing and commercializing innovative interventional treatment systems for patients with peripheral and coronary artery disease, today announced that the results from its REACH PVI study were presented at the New Cardiovascular Horizons (NCVH) Conference.
  • This study prospectively evaluated acute clinical outcomes of orbital atherectomy via transradial access for the treatment of peripheral artery disease (PAD) in lower extremity lesions.
  • Additionally, the study demonstrated short recovery time and length of stay, key factors in patient satisfaction.
  • Our investment in this technology, and studies like REACH PVI, demonstrate our ongoing commitment to advancing medical evidence to support physicians and the patients they serve.

Wicket Introduces 10% Annual Percentage Yield Savings Account

Retrieved on: 
Wednesday, July 15, 2020
Financial services, Finance, Economy, United States federal banking legislation, Bank account, Annual percentage yield, Online banks, Äpy, Referral marketing, Bank, Savings account, ING Australia

KANSAS CITY, Mo., July 15, 2020 /PRNewswire/ -- Wicket , the no fee, customer first online bank, today announced a referral program where customers can boost their savings account rate up to 10.00% Annual Percentage Yield (APY).

Key Points: 
  • KANSAS CITY, Mo., July 15, 2020 /PRNewswire/ -- Wicket , the no fee, customer first online bank, today announced a referral program where customers can boost their savings account rate up to 10.00% Annual Percentage Yield (APY).
  • The industry-leading high-yield savings offer is available to Wicket members who refer Wicket to their friends and family.
  • To open an account and join the referral program, customers can download the Wicket app in the Apple Store.
  • Wicket provides a personalized banking experience to help members build savings automatically and make better financial decisions.

FTC to Host Virtual Workshop July 13 on Proposed Changes to Safeguards Rule

Retrieved on: 
Friday, July 10, 2020
Information science, Computing, Information retrieval, Computer security, Data security, Security, 106th United States Congress, Gramm–Leach–Bliley Act, United States federal banking legislation, Twitter, Gramm, Information security

The Federal Trade Commission will host a virtual workshop to seek input on proposed changes to the Gramm-Leach-Bliley Act s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program.

Key Points: 
  • The Federal Trade Commission will host a virtual workshop to seek input on proposed changes to the Gramm-Leach-Bliley Act s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program.
  • A link to view the workshop will be posted to the event page the morning of the event.
  • The workshop will feature five panel discussions on topics such as the costs and benefits of information security programs and encryption and multifactor authentication.
  • The workshop will be tweeted live from the FTCs Twitter page (@FTC) using the hashtag #SafeguardsFTC.

FTC to Host Virtual Workshop July 13 on Proposed Changes to Safeguards Rule

Retrieved on: 
Friday, July 10, 2020
Information science, Computing, Information retrieval, Computer security, Data security, Security, 106th United States Congress, Gramm–Leach–Bliley Act, United States federal banking legislation, Twitter, Gramm, Information security

The Federal Trade Commission will host a virtual workshop to seek input on proposed changes to the Gramm-Leach-Bliley Act s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program.

Key Points: 
  • The Federal Trade Commission will host a virtual workshop to seek input on proposed changes to the Gramm-Leach-Bliley Act s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a comprehensive information security program.
  • A link to view the workshop will be posted to the event page the morning of the event.
  • The workshop will feature five panel discussions on topics such as the costs and benefits of information security programs and encryption and multifactor authentication.
  • The workshop will be tweeted live from the FTCs Twitter page (@FTC) using the hashtag #SafeguardsFTC.

FTC releases agenda for Safeguards Rule virtual workshop

Retrieved on: 
Monday, July 6, 2020
United States federal banking legislation, Prevention, 106th United States Congress, Gramm–Leach–Bliley Act, Separation of investment and retail banking, Computer security, Security, Safety, Information security, FTC regulation of behavioral advertising, Financial privacy laws in the United States

The Gramm-Leach-Bliley Acts Safeguards Rule requires those institutions to develop, implement, and maintain a comprehensive information security program.

Key Points: 
  • The Gramm-Leach-Bliley Acts Safeguards Rule requires those institutions to develop, implement, and maintain a comprehensive information security program.
  • As part of its regulatory review process, the FTC has proposed changes to the Rule.
  • Join us on July 13, 2020, for Information Security and Financial Institutions: An FTC Workshop to Examine the Safeguards Rule, where FTC staff and guest speakers will explore the issues.
  • FTC attorney David Lincicum will open the workshop at 9:00 ET.