The future of Biden's regulatory agenda is facing major uncertainty, a whale formerly believed to be a Russian spy was found dead under mysterious circumstances, and would you buy this $1,000 trash can?
Here's what else you might want to read this week:
"The Supreme Court of the United States Is Reshaping Administrative Law"
Three recent landmark decisions by SCOTUS will likely limit the power of federal agencies to interpret laws and their ability to pursue enforcement actions. ICBA's Executive Vice President and General Counsel Jenna Burke discusses the "lasting" implications for community banks.
"The Math Behind Small Business Lending: Obstacles and Opportunities"
Small businesses are essential to the U.S. economy and the community banks that serve them, but small-business lending carries various risks and challenges. One way banks can build a stronger portfolio of small business loans, according to Abrigo's Mary Ellen Biery: Automate workflows to address various inefficiencies.
"Four Developing Payments Stories That Bankers Must Watch This Fall"
From new developments related to so-called "junk fees" to pros and cons of the proposed Capital One-Discover merger, the Financial Brand highlights four controversial payments issues for bankers to keep an eye on. Also read why the shipping industry is ripe for a payments overhaul.
"Five Big Questions as Banks Await Fed's Rate Cut"
The recent hiking cycle compressed bank margins. Cuts could have the opposite effect, though the effects will be gradual, especially if the Fed only lowers rates by 25 or 50 bps, bankers warn.
"Banks Hint at Legal Challenge to New Interagency Security Tracking Rule"
After nine federal agencies issued a proposal to replace a banking-industry-owned identifier and tracker for financial securities with a new open-source system from Bloomberg, the American Bankers Association claimed the agencies had arbitrarily exceeded their statutory authority.
"Not All Employees Want the Same Benefits: Catering to a Multigenerational Workforce"
Each generation has its own priorities, needs, and preferences. This article discusses how banks can cater to employees of all ages when designing policies for nonqualified deferred compensation.
"Why Loan Hedging Makes Sense in a Falling Rate Environment"
Learn how various swaps and hedging strategies can protect your institution as rates come down.
"OCC's Hsu wants to Label Domestic Systemically Important Banks"
The acting comptroller said U.S. banking agencies should consider a domestic label for systemically important banks in remarks at the European Central Bank International Conference in Germany. He also called for increased agility in monitoring big banks through a robust risk-based approach to supervision he likened to physical exercise.
"Viral JPMorgan Chase Glitch Is 'Fraud, Plain and Simple,' Bank Says"
A number of JPMorgan Chase customers knowingly cashed bad checks before they could bounce, taking advantage of a glitch that went viral on TikTok, the bank said. Many now have holds and negative balances on their accounts.
"FDIC Board Selects BCG to Advise on Workplace Culture Initiatives"
The consulting firm will help the FDIC implement its plan to create a safe, fair, and inclusive workplace, the agency wrote in a press release.
"Goldman to Cut Hundreds of Jobs"
WSJ last week reported that the Wall Street bank plans to let go of 1,300 to 1,800 underperformers as part of its review process, or around 3% to 4% of its global workforce, though the bank has said the figures aren't correct.
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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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