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June

12
2023
Strategy

Laying the foundation for open banking in the United States

New digital banking technologies have the power to expand and open market access for American consumers and emerging businesses. In a more competitive market, Americans will be able to earn higher rates on their savings, pay lower rates on their loans, and more efficiently manage their finances.

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June

12
2023
Industry News

New York Legislature and Enforcement Agencies Remain Active on the Data Privacy and Security Fronts

At the start of 2023, the New York State legislature introduced several privacy-related bills. One of those bills, S365, appears to be gaining momentum.

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June

12
2023
Industry News

Colorado Passes Legislation Seeking to Stop State-Chartered Banks from Preempting Colorado’s Usury Limit

As discussed here, in April 2023, Colorado introduced HB 1229 that proposed to limit certain charges on consumer loans and simultaneously opt Colorado out of sections 521-523 of the Depository Institutions Deregulation and Monetary Control Act (DIDMCA).

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June

12
2023
Trends

More Borrowers at Risk of Defaulting

More student loan borrowers are behind on their credit card bills and loans than before the pandemic, and they are paying more because of rising interest rates, a new report from the Consumer Financial Protection Bureau found.

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June

12
2023
Strategy

3 Keys to Understand the Cyber Security Skills Gap (and Deal with it)

You don’t have to go far to find cyber security professionals complaining about skills shortages, but the problem has several dimensions which have to be understood and mapped out, before we can start to figure out possible solutions.

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