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Financial institutions news from around the web: April 3 – 7, 2023

Written on Apr 6, 2023

Bank failures train spotlight on shortcomings in risk management

Bank boards have risk committees tasked with forestalling problems. But the members of those committees don’t always have the skills or stature to make themselves heard.

CFPB finalizes rule to create a new data set on small business lending in America

The Consumer Financial Protection Bureau has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination.

Biden eyes stiffer liquidity rules, stress testing for midsize banks

The White House also seeks to require firms with between $100 billion and $250 billion to give regulators comprehensive resolution plans or living wills.

Now is the time for CUs to start offering commercial credit cards

Owning your own credit card program gives you the freedom to serve the needs of each member while deepening relationships.