Comptroller of the Currency Joseph Otting has signed a final rule amending the Volcker Rule to tailor and simplify the rule while, “maintaining protections core to the safety and soundness of the federal banking system,” a release from the agency read. [Continue]
Jackson Winsett, assistant vice president and community affairs officer for the Federal Reserve Bank of Kansas City, views the connection between financial institutions and communities as two-fold. “I look at it from two different perspectives, but they both revolve around reciprocation,” he said. “The better the community is, the more the businesses in that community will benefit.” [Continue]
Ending years of will-they-or-won’t-they speculation, particularly from smaller banks, the Federal Reserve announced on Monday, Aug. 5, that it will begin developing a faster payments system. Dubbed FedNow, the project is expected to be completed in 2023 or 2024. [Continue]
“One of the most important features is people who flex to their team,” says Jessica Nollett, discussing effective leadership. Nollett, vice president, business banking team lead at the Overland Park, Kan., office of Clayton, Mo.-headquartered Enterprise Bank & Trust, feels strongly that leadership is about authenticity, pragmatism and helping team members discover their individual strengths, which will enhance the group as a whole. [Continue]
Chris Rentner, director of digital lending for Velocity Solutions, LLC and founder and former CEO of Akouba, remembers a time when digital lending for banks seemed like a pipe dream. “If I look back at 2015 when the company [Akouba] wasn’t really even being promoted, everyone was telling us that we were crazy,” he said. “Digital lending at banks? No, OnDeck and Kabbage are going to do that.” [Continue]