community banks

Fed Backs Community Bank Regulatory Overhauls

The U.S. Federal Reserve caught the attention of the financial services market this week with Fed Governor Lael Brainard’s speech Wednesday (Oct. 3) on the rising demand for faster and real-time payments. But, the Fed also touched on another aspect of the finserv market: small business banking and lending.

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Credit Unions, Community Banks Can Pool Resources to Fight Money Laundering

Federal regulators ruled Wednesday (October 3) that credit unions and community banks can pool resources for anti-money laundering compliance so that they can protect against financial crimes and at the same time keep their costs down. The Wall Street Journal, citing a statement from the Federal Reserve, the Federal Deposit Insurance Corp.

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