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Financial institutions news from around the web: February 26 – March 2, 2024

Written on Mar 1, 2024

More than three years after Citigroup was penalized in connection with risk management problems, regulators have stepped up their pressure on the New York megabank. 

The acting comptroller called on Congress to replace the state-by-state money transmitter licensing system for payments companies with a federal regulatory framework. 

Credit unions’ narrow focus on member service and commitment to their communities positions them to navigate challenges. 

Financial institutions, including fintechs, can leverage artificial intelligence technology like machine learning to automate lending decisions, a white paper commissioned by Uplinq said. 

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