Protests, CRA revamp, fintechs' payday: The year in banking (Part 2).

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    • Abstract:
      November 30, 2020 In the first part of our year-end slideshow, we looked back at banks' extraordinary response to the coronavirus pandemic and celebrated the shattering of industry's thickest glass ceiling. Fed. Gov. Lael Brainard, who was assigned by Fed Chair Jerome Powell to coordinate the approach to CRA, took issue with the proposal's scoring methodology as well. - Kate Berry Challenger banks become contenders The growth of challenger banks accelerated in 2020 and bankers should take note. There are several viable alternatives to Libor, and Federal Reserve Chairman Jerome Powell said in February that the central bank is supportive of all bank efforts to transition away from Libor. [Extracted from the article]
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