This is a roundup of industry news and links for the week of February 18th that have informed, entertained, and inspired us.
Here’s our weekly roundup of industry news:
Regulatory Compliance Update February 2019 – We have reviewed the Compliance News for January 2019. The banking regulators (Federal Deposit Insurance Corporation, the Federal Reserve and the Office of the comptroller of the Currency) have proposed changes. The IRS has proposed changes in reporting and the CFPB has announced multiple changes affecting consumers.
Major Strategic Priorities for Banks and Credit Unions in 2019 – Banks and credit unions have wildly different strategies with respect to both loan and deposit growth in the year ahead. There are a few areas, however, where everyone agrees: digital channels are critical, starting with online account opening tools. But not everyone is actually walking the talk and putting their money where their mouth is.
Employee Spotlight: Prashanth Tirunahari, Senior Software Developer – Prashanth graduated from Kakatiya Institute of Technology Science, India in 1997. He came to the USA in 2000 and worked as a Java developer at the Federal Reserve Bank in Richmond, Virginia until 2007. During this time he got the opportunity to work on a couple of huge projects.