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Financial institutions news from around the web: October 24 – 28, 2022

Written on Oct 28, 2022

Mastercard offers a new trading feature to banks 
Mastercard is unveiling a new feature enabling financial institutions to provide their customers with crypto trading capabilities. The feature will help customers with banking institutions hold and trade different digital assets. The program will tap the Crypto Secure feature designed by Mastercard to ensure security and compliance with legal requirements. 

Meeting your customers where they are—5 tips to keep banking secure from anywhere 
With technology and customer requirements rapidly evolving, financial institutions face common challenges: how to best secure people, data and things while creating seamless experiences. Here are five ways to keep your customers and their data safe and secure, no matter where and when they use your services. 

Federal Reserve Board seeks public comment on proposed rule about large bank failures 
Recent merger activity and organic growth have increased the size of large banking organizations. Now, the Federal Reserve Board is asking for public comments on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an orderly way should they fail. 

Mortgage rates will fall to 5.4% as a recession is likely to hit the US economy in 2023, Mortgage Bankers Association says 
Mortgage rates could fall to 5.4% by the end of next year as the Federal Reserve's aggressive interest rate hikes will push the U.S. economy into a recession, according to the Mortgage Bankers Association.