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Financial institutions news from around the web: February 6 – 10, 2023

Written on Feb 8, 2023

Court ruling reduces the reporting threshold for closed-end mortgage loans from 100 to 25. 

Proposed rule seeks to close loophole exploited by companies to hike fees with inflation. 

A CFPB proposal aims to eliminate screen scraping by requiring banks to establish APIs, standardized software widely regarded as a more secure way to connect consumers’ accounts to financial apps. 

In an age when most people access banking through digital channels, is there a future for old-school relationship lending? This podcast episode from the FDIC discusses whether the explosion of financial technology spells the end of human-to-human banking.