Bank Policy Institute

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yesterday to announce the release of the Bureau’s latest rulemaking, known as Section 1033. The rule governs how consumers access their financial data and how that data is protected. The Director made several statements in his remarks that warrant clarification: Director Chopra: “[T]he rule also …</p> <a class="button primary" href="https://bpi.com/correcting-the-record-on-the-cfpbs-open-banking-rule/" aria-label="Read More Correcting the Record on the CFPB’s Open Banking Rule">Read More</a> </div> <div class="slide"> <div class="slide-background" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2024/10/Bloomberg-errata.png"> </div> <a class="slide-title" href="https://bpi.com/an-errata-on-a-recent-bloomberg-editorial-on-srts/">An Errata on a Recent Bloomberg Editorial on SRTs</a> <p class="slide-excerpt">A recent Bloomberg editorial incorrectly draws parallels between current synthetic risk transfers (SRTs) and pre-2008 private label mortgage-backed securities that contributed to the Global Financial Crisis. This response will address the editorial’s key mischaracterizations. Readers interested in learning more about SRTs should read our recent primer. SRTs are well-established in Europe and Canada but were …</p> <a class="button primary" href="https://bpi.com/an-errata-on-a-recent-bloomberg-editorial-on-srts/" aria-label="Read More An Errata on a Recent Bloomberg Editorial on SRTs">Read More</a> </div> <div class="slide"> <div class="slide-background" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2024/07/hands-and-graph_.jpg"> </div> <a class="slide-title" href="https://bpi.com/regional-bank-mergers-would-increase-competition-without-increasing-systemic-risk/">Regional Bank Mergers Would Increase Competition without Increasing Systemic Risk</a> <p class="slide-excerpt">An effective regulatory strategy for bank mergers would allow institutions to achieve the scale necessary to compete nationally. As noted in our prior blog, mergers play a vital role in promoting competition and stability within the banking industry. They often enable banks to achieve economies of scale, reduce funding costs and lower bank risk through …</p> <a class="button primary" href="https://bpi.com/regional-bank-mergers-would-increase-competition-without-increasing-systemic-risk/" aria-label="Read More Regional Bank Mergers Would Increase Competition without Increasing Systemic Risk">Read More</a> </div> </div> <div class="posts-column"> <div class="post-preview"> <div class="post-image" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2024/10/cfpb-building-150x150.jpg"> </div> <a href="https://bpi.com/correcting-the-record-on-the-cfpbs-open-banking-rule/">Correcting the Record on the CFPB’s Open Banking Rule</a> </div> <div class="post-preview"> <div class="post-image" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2024/10/Bloomberg-errata-150x150.png"> </div> <a href="https://bpi.com/an-errata-on-a-recent-bloomberg-editorial-on-srts/">An Errata on a Recent Bloomberg Editorial on SRTs</a> </div> <div class="post-preview"> <div class="post-image" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2024/07/hands-and-graph_-150x150.jpg"> </div> <a href="https://bpi.com/regional-bank-mergers-would-increase-competition-without-increasing-systemic-risk/">Regional Bank Mergers Would Increase Competition without Increasing Systemic Risk</a> </div> </div> <div id="search-cta"> <algolia-search-cta index-prefix="prod_"/> </div> </section> <section class="block-featured-recent-posts" id="block_5f523d5f08b70"> <div class="latest-posts"> <h2>The Latest</h2> <div class="latest-posts-accordian"> <details class="latest-post" open="" > <summary> <div class="latest-post-summary"> <time>November 26, 2024</time> <a href="https://bpi.com/a-challenge-for-the-next-treasury-secretary-liquidity-in-u-s-fixed-income-markets-and-particularly-the-treasury-market/" class="latest-post-title">A Challenge for the Next Treasury Secretary: Liquidity in U.S. Fixed Income Markets and Particularly the Treasury Market</a> </div> </summary> <p class="latest-post-excerpt"> One of the first challenges facing the new Secretary of the Treasury will be to reinvigorate U.S. fixed income markets, most notably the market for Treasury securities that he will be relying upon to finance the government. Market liquidity is fragile; measures to strengthen it have been pending for years; and only politics has stood … </p> </details> <details class="latest-post" > <summary> <div class="latest-post-summary"> <time>November 26, 2024</time> <a href="https://bpi.com/screen-scraping-what-is-it-and-how-does-it-work/" class="latest-post-title">Screen Scraping: What Is It and How Does It Work?</a> </div> </summary> <p class="latest-post-excerpt"> Screen scraping is a technique that collects data from websites or apps by mimicking user behavior. It is a rudimentary technology used in place of more secure data transfer methods, such as application programming interfaces (APIs). E-commerce companies like travel comparison sites often rely on screen scraping to compare prices for airlines and hotels. Academic … </p> </details> <details class="latest-post" > <summary> <div class="latest-post-summary"> <time>November 23, 2024</time> <a href="https://bpi.com/bpinsights-nov-23-2024/" class="latest-post-title">BPInsights: Nov. 23, 2024</a> </div> </summary> <p class="latest-post-excerpt"> What’s Next for Prudential Regulators? Federal Reserve Vice Chair for Supervision Michael Barr, OCC Acting Comptroller Michael Hsu and FDIC Chair Martin Gruenberg testified before the House Financial Services Committee this week for a prudential regulator oversight hearing. Here are some key moments from the hearing. Five Key Things 1. FDIC Brokered Deposits Proposal Violates … </p> </details> <details class="latest-post" > <summary> <div class="latest-post-summary"> <time>November 21, 2024</time> <a href="https://bpi.com/fdic-brokered-deposits-proposal-would-raise-costs-for-consumers/" class="latest-post-title">FDIC Brokered Deposits Proposal Would Raise Costs for Consumers</a> </div> </summary> <p class="latest-post-excerpt"> Undoing the FDIC’s 2020 rules would be a costly regression, not progress Washington, D.C. — The FDIC’s proposed changes to its brokered deposits rule would increase costs and reduce the availability of products for consumers, BPI said in a comment letter filed today. The proposal would reverse key changes the FDIC adopted in 2020 to address … </p> </details> <p style="margin-top:3.3125rem;"><a href="/search/" id="home-recent-activity" class="button text view-more">More Recent Activity<span class="far fa-long-arrow-right"></p> </a> </div> </div> <div class="featured-posts"> <a href="https://bpi.com/fdic-brokered-deposits-proposal-would-raise-costs-for-consumers/" class="featured-post big-post"> <div class="background" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/10/iStock-866214648-604x421-c-default.jpg"> </div> <time>November 21, 2024</time> <span class="featured-post-title">FDIC Brokered Deposits Proposal Would Raise Costs for Consumers</span> </a> <a href="https://bpi.com/making-sense-of-the-federal-reserves-report-on-supervisory-developments/" class="featured-post small-post"> <div class="background" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2024/11/fed-290x230-c-default.jpg"> </div> <time>November 19, 2024</time> <span class="featured-post-title">Making Sense of the Federal Reserve’s Report on Supervisory Developments</span> </a> <a href="https://bpi.com/bpi-statement-on-prudential-regulator-hearing/" class="featured-post small-post"> <div class="background" aria-hidden="true"> <img decoding="async" src="https://bpi.com/wp-content/uploads/2020/10/press_conference-290x230-c-default.jpg"> </div> <time>November 20, 2024</time> <span class="featured-post-title">BPI Statement on Prudential Regulator Hearing</span> </a> <a href="/blog/" class="button text view-more">View More Posts<span class="far fa-long-arrow-right"></span> </a> </div> </section> <section class="block-bits-research" id="block_5f523d8b0045b"> <div class="column orange"> <h2 class="section-title">BITS</h2> <p class="section-description"> BITS is the technology policy division of the Bank Policy Institute. 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Coordinate Often on Cyber Regulations.</span> </a> <a href="https://bpi.com/bpi-statement-before-house-subcommittee-on-cybersecurity-infrastructure-protection/" class="late-post"> <time>May 1, 2024</time> <span class="late-post-title">BPI Statement Before House Subcommittee on Cybersecurity and Infrastructure Protection</span> </a> </div> <a class="button text view-more" href="https://bpi.com/department/bits/?bits=true">View More <span class="far fa-long-arrow-right"></span> </a> </div> <div class="column purple"> <h2 class="section-title">RESEARCH</h2> <p class="section-description"> The research department conducts long- and short-term analysis on issues primarily related to bank regulation and supervision with the objective of encouraging welfare-enhancing regulatory change. 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